Posts Tagged ‘tax’

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Do Canadian Conservatives even know what conservativism means any more?

Thursday, December 26th, 2019

Somewhere along the way, conservatives went off track. Tax cuts, deregulation and free trade became ends unto themselves without any consideration for their consequences for working-class citizens. Inevitably, the latter revolted. The result was Donald Trump’s election to the White House in 2016 and Britain’s vote to leave the European Union… Canadian conservatism needs to be more than a carbon copy of whatever becomes of its U.S. counterpart.

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How $15 billion in bonuses leaves bankers gloomy

Wednesday, December 18th, 2019

The country’s six largest banks are dishing out $15 billion in bonuses this year. But, in the eyes of some, this isn’t enough… It… reveals how misleading media reports can be, particularly about high finance, with insiders allowed to peddle their self-serving agendas unchallenged… Canada’s big six banks have gotten away with paying extremely low taxes — the lowest in the G7.

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It’s all about tax cuts

Wednesday, December 18th, 2019

The government is slamming the brakes on spending, yet the fiscal situation is not quickly improving. That leads us to ask, “Where is the money going?” The answer is tax cuts… Lower tax revenue includes the approved $3.4 to $4.2 billion annually as well as “unannounced tax cuts” still to come… Low- and middle-income families benefit very little, if at all, from these measures. The “more money in your pocket” jingle is simply a rhetorical trick that preys on people’s economic vulnerability. 

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Setting the stage for the 2020 Ontario budget

Wednesday, December 18th, 2019

Ontarians can expect the government’s talking points to feature prominently in the 2020 Ontario budget. Claims of high spending and unsustainable debt and deficit are being used to excuse cuts to public services. But how many of these claims are true? Watch our new video to find out more.

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Is a national pharmacare program any closer to reality?

Wednesday, December 11th, 2019

it’s delusional to think the Liberals will act anything other than slowly. While the purported savings are compelling, shifting spending from private drug plans to the public treasury is much less so. Not to mention that the provinces are, at best, lukewarm about the idea… The premiers want the escalator to increase to 5.2 per cent before they even consider pharmacare.

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Liberals’ ‘middle class tax cut’ is not a tax cut at all

Wednesday, December 11th, 2019

What we are left with is a $6-billion handout to just about everybody except those who need it most. And all of it is borrowed. With the deficit already in excess of $20-billion and headed higher, the government is proposing to borrow another $6-billion annually, and give much of it to people in the top half of the social register… Unthinkable: Tax cuts for the rich! Maybe. But it sure beats handouts to the rich, doesn’t it?

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Broadbent Institute Tax Index

Wednesday, December 11th, 2019

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:

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Raising taxes to build Toronto is not just good — it’s necessary

Tuesday, December 10th, 2019

In recent years, our leaders have tried every trick in the book… to avoid collecting the revenues needed to build the country. They’ve sold off profit-making public assets, giving up long-term revenue streams for one-time capital gains. They’ve embraced public-private partnerships (P3s), paying extra to build infrastructure but hiding the cost off the public books. They’ve taken on more debt.

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The mathematical truth about Toronto property taxes: raising them is the best option

Tuesday, December 10th, 2019

The average annual residential tax bill across the GTHA and Ottawa for 2018 came in at $4,773 per household. In Toronto, it was $3,906… The mathematical truth says Toronto’s residential property taxes are low. The mathematical truth says there is room to raise them to pay for the things the city desperately needs.

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Myth Busting: Drug Spending, Prices and Pharmacare

Friday, December 6th, 2019

There are many individuals who lack sufficient coverage for prescription medications… But to address those gaps, it is important to understand the real challenges to achieving the goal: the fiscal pressure of high-cost treatments for relatively few beneficiaries and a lack of coverage for a minority of Canadians.

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