Federal budget 2022: Highest-earning Canadians face minimum tax rate increase

Friday, March 31st, 2023

Ottawa is raising the alternative minimum tax rate and imposing new limits on many of the exemptions, deductions and credits that apply under the system starting in 2024… it is increasing the alternative minimum rate to 20.5 per cent from 15 per cent starting in 2024… Wealthy Canadians pay the alternative minimum or regular tax, whichever is higher… about 32,000 Canadians will be covered by alternative minimum tax in 2024

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Posted in Governance Policy Context | No Comments »

Reduce income gap, think-tank says

Tuesday, December 6th, 2011

Dec. 6, 2011
The report found the gap between rich and poor in its member countries had reached the highest level in more than 30 years in 2008… The aim of the study is to dispel the assumption the benefits of economic growth trickle down automatically to those on the lower end of the earning spectrum… “Greater inequality does not foster social mobility,”… “Without a comprehensive strategy for inclusive growth, inequality will continue to rise. There is nothing inevitable about high and growing inequalities. Our policies have created a system that makes them grow and it’s time to change these policies.”

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Posted in Equality Debates | 1 Comment »