Posts Tagged ‘tax’
« Older Entries | Newer Entries »
Budget 2021: A few steps forward on tax fairness, but much more needed
Thursday, April 22nd, 2021
… the federal government could raise an additional $70 billion annually, by making our tax system more progressive, closing tax loopholes and tackling international tax dodging… “We’re glad this budget includes plans to close some corporate tax loopholes, including limits on interest deductibility, and increases funding for the CRA to tackle tax avoidance and evasion, but it’s time for the Liberal government to be much more ambitious, and have corporations pay their fair share of taxes”
Tags: budget, globalization, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
Budget 2021 analysis: Does it deliver?
Wednesday, April 21st, 2021
About two-thirds of the spending is short-term, related to COVID-19 and the final third carries over to the third year. The programs that extend to the long-term are child care (for which this budget is transformative), long-term care, some business supports and some environmental measures (around clean fuel and climate adaptation)… a historically large budget, but it’s within Canada’s ability to both deal with the impact of a global pandemic and to plant the seeds for a public-led recovery.
Tags: budget, child care, economy, featured, Health, ideology, jurisdiction, Seniors, tax, women, youth
Posted in Governance Policy Context | No Comments »
If you don’t have $20 million, relax. A wealth tax won’t touch you
Tuesday, April 13th, 2021
Canada’s wealthiest 87 families had wealth of $259 billion in 2016; our top 44 billionaires increased their wealth by more than $50 billion during the pandemic… 79 per cent of Canadians favour a wealth tax… In fact, a wealth tax would be the simplest, fairest and most effective way to collect billions of extra dollars of revenue a year, and to limit the power and political influence of the billionaire class… Here are some of the facile arguments being trotted out against a wealth tax.
Tags: budget, economy, ideology, participation, standard of living, tax
Posted in Policy Context | No Comments »
How the Canada Child Benefit is Performing
Friday, April 9th, 2021
The CCB had a larger effect than the enhanced UCCB, primarily because the amounts available to lower income families are greater, but both reduced poverty. Interestingly, neither had visible labour supply effects for our sample population, despite concerns that enhancing benefits would discourage work. Our work provides further evidence of the efficacy of these types of targeted cash transfers as an effective tool for redistribution and poverty reduction.
Tags: budget, child care, participation, poverty, standard of living, tax, women
Posted in Child & Family Policy Context | No Comments »
Childcare Reform Key to Post-Covid Economic Recovery
Sunday, April 4th, 2021
Among a suite of reforms at the federal and provincial levels, the authors recommend: The existing Child Care Expense Deduction (CCED), a regressive tax deduction that reinforces patriarchal gender roles for parents, be replaced with a more generous, progressive and more frequently paid refundable tax credit… Provinces… increase childcare spaces… a single, dedicated and permanent [federal] transfer to provinces.
Tags: budget, child care, economy, jurisdiction, participation, standard of living, tax
Posted in Child & Family Policy Context | No Comments »
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.
Tags: budget, economy, featured, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
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.
Tags: budget, economy, featured, ideology, privatization, standard of living, tax
Posted in Governance Policy Context | No Comments »
Instead of a universal basic income, governments should enrich existing social programs
Monday, February 15th, 2021
… while UBI is desirable in principle, it’s not a magic solution to the intricate and perennial problems of poverty and income inequality. Furthermore, its implementation in Canada is not financially, administratively, politically or constitutionally feasible.
Tags: economy, featured, ideology, jurisdiction, participation, poverty, standard of living, tax
Posted in Social Security Debates | No Comments »
Bare-knuckle capitalism has no place in nursing homes
Thursday, January 14th, 2021
Over the past decade, Chartwell has distributed $798 million to shareholders and paid its executives $47.3 million, including an annual salary of $229,500 for the former premier’s part-time chairmanship, which he still holds. Mike Harris’ involvement in the dubious rise of privatization — and financialization — in the long-term care industry makes it all the more outrageous that the Ford government recently awarded him the Order of Ontario, even as the pandemic continues…
Tags: budget, Health, ideology, standard of living, tax
Posted in Health Debates | No Comments »
Ottawa urged to ban CEO bonuses if company received wage subsidy
Tuesday, January 5th, 2021
[The CCPA] believes that Canada should follow other developed countries like Spain and the Netherlands that explicitly prohibit bonuses and dividends if they receive wage subsidies. It also wants to exclude companies from substantially increasing executive salaries to prevent them from bypassing restrictions on bonuses… The CCPA also thinks Ottawa should introduce a top marginal tax bracket to help pay for the large deficit caused by its response to COVID-19.
Tags: economy, featured, ideology, standard of living, tax
Posted in Debates | No Comments »
Recent Comments