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Tax the Rich: Forging a future for the many, not the few

Thursday, July 22nd, 2021

The evidence for a wealth tax keeps increasing. As per PBO’s latest numbers, a one-time 3% tax on Canadians with net wealth over $10 million, and 5% tax on net wealth over $20 million could raise upto $82.5 billion over five years… By instituting wealth tax, a pandemic profits tax, and closing tax loopholes, Canada stands to gain over $50 billion dollars in revenue every year for #ClimateAction, expanding healthcare, bolstering social security systems, providing clean drinking water in Indigenous communities and improving infrastructure.

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Common wealth tax myths busted

Monday, July 5th, 2021

Canada’s 47 billionaires increased their wealth by $78 billion during the pandemic, and they now control $270 billion in total. A 1% tax on wealth over $20 million could raise $10 billion in revenue in the first year. As Canada digs itself out of the economic repercussions of the pandemic the time is now to enrich the soil so we can grow back an economy that shares its fruits more equitably with all Canadians. Here are five commonly held myths that continue to muddy the conversation about tax reform:

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