Posts Tagged ‘economy’

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Childcare Reform Key to Post-Covid Economic Recovery

Tuesday, March 30th, 2021

“We need immediate attention and incremental but aggressive reforms to get this right, for women, for families and for Canada as we emerge from the pandemic.” … the authors recommend… a more generous, progressive and more frequently paid refundable tax credit… increasing operating and/or capital grants for licensed providers… new federal dollars for childcare be consolidated into a single, dedicated and permanent transfer to provinces.

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Taxing extreme wealth to offset the costs of the pandemic would be unquestionably fair

Monday, March 29th, 2021

… we should look to new tax measures on extreme wealth transfers, including inheritance taxes, and to changes in the tax treatment of investment income to ensure more equitable treatment in relation to employment income. But for now, as we look to Budget 2021, we should ask those with extreme wealth to pay for our national recovery.

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The Ford government’s second pandemic budget is another missed opportunity

Thursday, March 25th, 2021

The budget unveils plans to “establish a task force to advise the government on how to address the unique and disproportionate economic barriers women face.” It’s ridiculous — the government already knows what to do. It should be making meaningful changes for women and other vulnerable workers now, not delaying action with a task force that will repeat what has been said before.

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Tax Index 2021: Line by line break-up of who’s paying and dodging taxes

Wednesday, March 24th, 2021

Canada’s top 20 billionaires made $37 billion during the pandemic, while thousands lost jobs and took pay cuts… Canada’s income gap is at its widest since the 1980s and upward income mobility has significantly reduced for most of us… A 1% tax on wealth over $20 million would raise $10 billion in the first year alone.

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Broadbent Principles for Canadian Social Democracy

Tuesday, March 23rd, 2021

All people have equal worth and equal rights – and all benefit from living in an increasingly equal society. To achieve this in a country with a market-based economy requires an ongoing process of decommodification, a process that sees important social and economic benefits taken out of the market and transformed into universal rights, such as in health services, education, social welfare and housing.

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Ontario must spend more to drive prosperity and growth

Tuesday, March 23rd, 2021

Growth has to be inclusive, meaning recognizing that women, new Canadians and others will get the support they need to participate fully in the economy… The Ford government would be wise to demonstrate full support for a universal child care model that marries social and economic goals, and further increases women’s participation in the labour force. Distance education and telemedicine will also be vital…

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Laurentian left off of list of schools sharing in $106M pot of provincial dollars

Monday, March 22nd, 2021

“The crisis at Laurentian University would have been avoided if this government did its job and properly funded Ontario’s universities,” said OCUFA president RahulSapra. “Not only did the policies of this government push Laurentian over the edge, but Minister Romano knew about Laurentian’s precarious financial position at least six months beforehand, which gave him more than enough time to provide the university with the financial support it needed…”

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Canada needs the Connaught model of domestic vaccine production

Saturday, March 20th, 2021

A properly restored Canadian global powerhouse in vaccines would improve on the current world patchwork of players focused on discovery, clinical trials, safe packaging, mass production and a dozen other disciplines, layered over by conflicting priorities of national governments. That model conflicts with Ottawa’s current $1-billion national vaccine strategy.

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Women, work and COVID-19: Priorities for supporting women and the economy

Friday, March 12th, 2021

This report looks at the ongoing impact of the COVID-19 pandemic on the economic security of women in Canada and the current efforts to respond to urgent economic need in the short- to medium-term, as well as demands for fundamental systemic change moving forward… Are they setting a course for an intersectional feminist recovery—one that not only recovers lost ground, but also tackles long-standing economic disparities?

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Will Canada’s Federal Budget meet the COVID-19 Challenge?

Friday, March 12th, 2021

Responding to an unprecedented crisis, the federal government mobilized billions in new support programs within weeks – an important “possibility proof” that rapid social policy change can happen. The fact that the sky did not fall when governments increased their deficits by billions of dollars also clearly demonstrated that the barriers to a better social safety net are political, not economic. The pandemic is the formative experience that will shape the lifetime political perspective of a generation.

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