Posts Tagged ‘tax’
Why the Capital Gains Tax Increase Should Not See the Light of Day
Thursday, June 5th, 2025
The planned measure to increase the capital gains inclusion rate… would create a triple threat: harming Canadian businesses, discouraging investment, and penalizing middle-income Canadians… – Canada’s capital stock would decline by $127 billion, GDP would fall by nearly $90 billion, and real per-capita GDP would drop by 3 percent. Further, employment would decline by 414,000 jobs, which would raise unemployment from 1.5 million to 1.9 million workers.
Tags: economy, tax
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Mark Carney unveils Liberal party’s election platform, promises $129 billion in new spending
Saturday, April 19th, 2025
The platform defines capital spending as “anything that builds an asset” owned by the federal government, another level of government, or a private company… not “spending” but “investing” that will prompt private sector investment to grow the economy… Carney also repeated his promise that his government would not cut health and social transfers to provinces, and would preserve programs like national child care, dental care, pharmacare and an emerging school food program.
Tags: budget, economy, featured, tax
Posted in Governance Debates | No Comments »
Platform Crunch: Tax cuts are alive and well in this federal election, but who benefits? (Hint: Look up, way up)
Friday, April 18th, 2025
The richest 40 per cent of Canadians would enjoy three-quarters of those promised savings (for either party), while the lowest-income earners in Canada would, on average, enjoy zero benefit. Not great preparation for a tariff war that would hit low-income families the hardest… The expenditures are so large and these parties are so concerned with having no deficits that they’ll require massive cuts elsewhere to balance the budget. We are yet to see a detailed list of those cuts…
Tags: economy, tax
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In the Ontario election, we’re not talking about money—which the province urgently needs
Wednesday, February 26th, 2025
Ontario is a rich province. We have the resources, but the provincial government needs to act with resolve in collecting revenue and investing it… Ontario also raises less revenue than almost all provinces on a per capita basis. Every year, it raises $2,400 less in revenue per person than British Columbia and $4,100 less than Quebec… Ontario’s low revenues mean less funding for public services
Tags: budget, economy, featured, Health, housing, standard of living, tax
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Company men: CEO pay in 2023
Thursday, January 9th, 2025
Following two blistering years of all-time high compensation, Canada’s 100 highest-paid CEOs pocketed $13.2 million, on average, in 2023—the third biggest haul since we’ve been tracking CEO pay. On average, these 100 CEOs were paid 210 times more than the average worker’s wage in 2023—from its high of over 240 times more pay in the previous two years… This report notes several trends and busts key myths about CEO pay and their worth:
Tags: economy, ideology, standard of living, tax
Posted in Equality Delivery System | 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
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Don’t have private insurance? You’re still paying for others who do — you deserve better care
Saturday, November 23rd, 2024
Health care in Canada is universal for only two things, doctors and hospitals. For everything else, from psychology to prescription drugs, care depends on your private insurance or ability to pay… public subsidization occurs through an income tax exemption. Specifically, on an employer’s contribution to private health insurance premiums… What if instead, $4 billion of public subsidies to private insurance were used to support universal pharmacare, beyond diabetes and contraceptive care?
Tags: budget, featured, Health, ideology, jurisdiction, pharmaceutical, tax
Posted in Health Policy Context | No Comments »
I’ve dated a billionaire and lived on minimum wage. This is the one, radical solution to the inequalities I’ve seen
Tuesday, November 12th, 2024
Our economic system was born of the false premise that if the wealthy are prioritized in government policies, their wealth will trickle down to the poor. Since 2020, the world’s five richest men have more than doubled their fortunes. Recently, the CBC reported that “income inequality in Canada (had) hit the highest level ever recorded.”… Minimum wage increases have little impact in a system that enables and perpetuates kleptocracy.
Tags: poverty, rights, standard of living, tax
Posted in Equality 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
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The hard truths Mark Carney’s economic turnaround plan must address
Sunday, September 29th, 2024
… trade barriers among provinces and territories reduce economic activity by as much as $200 billion per year. And lack of harmonization of rules, regulations and standards among jurisdictions stunts economic and productivity growth, elevates consumer prices, restricts labour mobility and slows the pace of new housing construction… Restoring the federal portion of the GST to its original seven per cent would generate about $28 billion in government revenues in 2028-29… equal to almost three-quarters of this year’s projected federal deficit.
Tags: economy, pensions, Seniors, tax
Posted in Debates | 1 Comment »
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