Social Policy in Ontario

It’s time to take stock of who’s not paying their fair share. From tax dodging and loopholes, to historically declining tax rates for the most wealthy, Canada is missing out on over $40 billion in revenue every year. Here are the numbers:

References

1. Canadian Centre for Policy Alternative. (2018). Alternative Federal Budget 2018. Retrieved from https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2018/02/Alternative_Federal_Budget2018.pdf
2. Canadians for Tax Fairness. (2019). Canadian corporate cash in top 12 tax havens increases by 10% to all-time high in 2018. Retrieved from https://www.taxfairness.ca/en/press_release/2019-04/canadian-corporate-cash-top-12-tax-havens-increases-10-all-time-high-2018
3. CBC News. (2000). A primer on capital gains taxes in Canada. Retrieved from  https://www.cbc.ca/news/business/a-primer-on-capital-gains-taxes-in-canada-1.231145
4. Department of FInance Canada. (1981). Budget Papers. Retrieved from https://www.budget.gc.ca/pdfarch/1981-pap-eng.pdf
5. Forrest, M. (2019). Federal NDP’s proposed ‘super-wealth tax’ could raise $70B over 10 years, budget watchdog finds. Retireved from https://nationalpost.com/news/politics/election-2019/federal-ndps-proposed-super-wealth-tax-could-raise-70b-over-10-years-budget-watchdog-finds
6. Government of Canada. (2018). Capital Gains – 2018. Retrieved from https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4037/capital-gains-2016.html
7. Government of Canada. (2019). Canadian income tax rates for individuals – current and previous years. Retrieved from https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
8. Government of Canada. (2019). Corporation Tax Rates. Retrieved from https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-tax-rates.html
9. Government of Canada. (2019). Tax Gap: A brief overview. Retrieved from https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/corporate-reports-information/tax-gap-overview.html
10. Kassam, A. (2018). Canada’s richest 87 families have same wealth as 12 million people, report says. Retrieved from https://www.theguardian.com/world/2018/jul/31/canada-richest-families-same-wealth-12-million-people-report
11. Macdonald. D. (2016) Out of the Shadows Shining a light on Canada’s unequal distribution of federal tax expenditures. Retrieved from https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2016/11/Out_of_the_Shadows.pdf
12. Macdonald, D. (2019). Mint Condition CEO pay in Canada. Retrieved from https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2019/01/Mint%20condition.pdf
13. Murphy, B., Veall, M. & Wolfson, M. (2015). Top-End Progressivity and Federal Tax Preferences in Canada: Canadian Tax Journal. 63.3, 661-88
14. Oved, C. M, Heaps, A. A, Toby. & Yow, M. (2017). Canada’s Corporations Pay Less Than You Think. The Toronto Star. Retrieved from http://projects.thestar.com/canadas-corporations-pay-less-tax-than-you-think
15. Oved, C. M & Cribb. R. (2019). Legal tax dodges cost Canada $25B, PBO study says. Retrieved from https://www.thestar.com/news/investigations/2019/06/20/legal-tax-dodges-cost-canada-25b-pbo-study-says.html
16. Stuckey, B & Yong, A. (2011). A Prime of Federal Corporate Tax Rates. Retrieved from  https://lop.parl.ca/staticfiles/PublicWebsite/Home/ResearchPublications/InBriefs/PDF/2011-44-e.pdf

    https://www.broadbentinstitute.ca/tax-index