Posts Tagged ‘tax’

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Bleeding the patient: tracking five years of Ontario revenue reductions

Sunday, January 28th, 2024

Since 2018, the Ministry of Finance has made close to 30 policy changes that have cut taxes, cut fees, and paid out large sums in the form of tax credits. As the table below shows, those changes are draining a minimum of $7.7 billion from the provincial treasury in 2023-24… it looks like it’s coming out of public services… successive governments have deliberately bled themselves dry and then pled poverty afterward.

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Ontario is dead last in program spending—again

Sunday, January 28th, 2024

In 2022, Ontario’s program spending per capita was $3,863 less than the average of the other provinces. This means that for every dollar per person spent on programs in other provinces, Ontario spent 75 cents… there is no evidence—and no one is claiming—that Ontario’s low spending is the result of some magical efficiency in program delivery here. There’s nothing efficient about having too few nurses.

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Canadian CEO pay breaks all records, reflecting a new Gilded Age for Canada’s rich: report

Wednesday, January 17th, 2024

In 2022, the average worker in Canada got an average pay raise of $1,800, or three per cent. But, prices went up by 6.8 per cent in 2022… This report proposes that governments address the rampant income inequality between the rich and the rest of us through four taxation measures that both disincentivize extreme CEO compensation and redistribute CEOs’ extreme income to Canadians on the lower end of the income spectrum.

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Don’t Blame Carbon Pricing for Affordability Challenges

Monday, January 1st, 2024

With the latest data, we find that the gradually increasing indirect taxes, including carbon taxes, have caused overall consumer prices to be only 0.6 per cent higher in October 2023 than they were in January 2015… The effect of carbon pricing on rising food prices is even smaller, accounting for the indirect effects of carbon taxes… Carbon pricing is definitively not to blame for affordability challenges.

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Time to hit the rich with a wealth tax

Thursday, November 30th, 2023

… in their budget last March, the Liberals proclaimed they were “ensuring the wealthiest Canadians pay their fair share,” as they brought in income tax changes that will raise another $525 million a year from high-income earners. But these changes will have little impact on the wealthiest Canadians, who are largely able to avoid income taxes. To tax the truly wealthy – and only them — a wealth tax is far more effective… A wealth tax would apply exclusively to those with net assets of more than $10 million…

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Canada poised to create public company registry to curb financial secrecy

Monday, November 20th, 2023

The new registry will require companies to publicly disclose beneficial ownership information of federally registered companies — a move experts say will help expose criminals and tax cheats who anonymously create companies or purchase property… Panama Papers dataset, revealed how Canada had emerged as a popular tax haven, touted by corporate service providers as a “reputable” destination to hide wealth.

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Seeking common ground at the Thanksgiving table

Friday, October 6th, 2023

We need to understand that the anger that folks are feeling… is based on real issues – even if the target of that anger is, to put it charitably, misplaced. That misdirection is often fed by politicians, capitalists, and the well-funded propagandists whose job is to keep the working majority squabbling amongst ourselves… we also have a responsibility to try to move the needle a little bit towards justice.

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Pierre Poilievre: Same old guy, same old policies

Thursday, September 14th, 2023

Despite all the hype about his image makeover and how he’s a changed man… he continues to fuel the rage and hate that resides in many of his hard-line followers who despise Trudeau, the federal government and, in many cases, anything that they believe restricts their “freedom.” … his lack of policy specifics to date on key issues facing Canada is stunning.

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How to Defeat Poilievre’s Politics of Abandonment

Thursday, September 14th, 2023

For Poilievre freedom itself is conceived in opposition to government… The profit motive is what drives efficiency, no matter what “good” is being considered. Privatization then — whether in health or seniors care, housing, child care or transit — is the solution to the rising costs of living. The individual trumps the collective, competition trumps co-operation, private interests are king. Never mind that unregulated capitalism traps many in lives robbed of freedoms from want and drudgery.

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To fix Canada’s health care, a hard economic truth must be acknowledged 

Tuesday, August 29th, 2023

… a) when public health care was first rolled out, there were limited complex interventions available; b) what could be done was relatively inexpensive; and c) given shorter lifespans, there was simply less time for a patient to require the higher-cost care commensurate with advanced age. In that context, funding health care out of general tax revenues has become increasingly hard – and will eventually be unsustainable.

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