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How the Top One Per Cent Threaten Canada’s Future
Monday, March 23rd, 2026
A modest wealth tax that affects only Canadians with over $10 million in net wealth could raise nearly $40 billion annually. Ninety-nine per cent of Canadians would not pay it. Similar taxes are already in place in Norway, Switzerland and Spain, and California is currently considering a one-time wealth tax on billionaires. Canada is also the only country in the G7 without an inheritance or estate tax.
Tags: economy, featured, globalization, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
Taxing Excess Profits In Canada: An Urgent Proposal For ActionTaxing excess profits in Canada: An urgent proposal for action
Wednesday, November 27th, 2024
To raise funds urgently needed to address the climate and affordability crises and curb growing monopoly power, we recommend the implementation of an economy-wide windfall profits tax that could raise over $50 billion from publicly traded companies and a monopoly profits tax that could raise $8 billion annually.
Tags: economy, standard of living, tax
Posted in Debates | No Comments »
Corporate profits continue to rise as corporate taxes fall
Monday, October 21st, 2024
Rising corporate profits and falling corporate tax rates are related. Corporate tax cuts encourage higher profits by increasing the share of profits that shareholders get to keep. Proponents of cutting corporate taxes typically argue that it will promote investment and eventually lead to higher productivity. But, over the past 30 years, the opposite has happened. In the late 1990s, annual labour productivity growth was over 2%. Now, it is less than 1%.
Tags: economy, jurisdiction, tax
Posted in Debates | No Comments »
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