Posts Tagged ‘tax’
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There’s less than meets the eye in Ontario’s COVID-19 plan
Wednesday, March 25th, 2020
Hospitals… are getting $935 million under this plan, which isn’t far off what they said they needed just to maintain the existing level of care before the coronavirus… there’s no plan for direct cash payments to help those who have lost work or been forced to isolate because of COVID-19…. plenty of other provinces are jumping in to enhance the Trudeau government’s stimulus package with their own measures, believing it is a necessary provincial role… The Ford government, by contrast, seems keen to leave the heavy lifting to Ottawa.
Tags: budget, economy, Health, ideology, jurisdiction, poverty, tax
Posted in Governance Policy Context | No Comments »
Ontario unleashes record spending for COVID-19 pandemic with $17B in emergency measures
Wednesday, March 25th, 2020
Finance Minister Rod Phillips on Wednesday injected $3.3 billion more into health plus $3.7 billion for other supports and promised an additional $10 billion in tax deferrals, doubling the deficit to $20.5 billion… “COVID-19 is an extraordinary threat to the health and economy of Ontario…” “We will spend whatever it takes,” Ford told reporters.
Tags: budget, economy, Health, ideology, jurisdiction, tax
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Postponing Retirement New Reality For Older Workers
Tuesday, March 24th, 2020
… given the COVID-19-related slump in the market, older workers may need to spend extra years on the workforce, or settle for a lower level of retirement income… Recognizing that working past age 70 will become more common in the future, Ottawa should also raise the age at which workers must stop contributing to tax-deferred saving vehicles and start receiving income from them to age 75 from the current 71… [and] amend OAS and the CPP to allow for the deferral of income from these programs to age 75
Tags: globalization, ideology, participation, standard of living, tax
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What the government is offering you in coronavirus-related benefits and how to get them
Friday, March 20th, 2020
Tax Payment And Filing Deadlines… Tax Instalments… Temporary Income Support For Workers And Parents… Special One-Time Payment… Increased Canada Child Benefit… Rrif Minimums… Student Loans
Tags: economy, tax
Posted in Governance Delivery System | No Comments »
Our tax system is too costly for the poorest Canadians
Sunday, March 15th, 2020
… a lack of financial literacy – or even general literacy – has an impact. Insufficient computer skills and lack of access to accounting resources also play a role. Yet, the predominant cause remains the mind-boggling and growing complexity of our tax system… Even chartered professional accountants think that the current system of tax deductions and credits is too complex… tax credits and exemptions targeting middle and higher-income Canadians should be abolished and replaced by broad-based tax cuts.
Tags: featured, ideology, participation, poverty, tax
Posted in Governance Debates | No Comments »
AFB meet GND: What role might the Alternative Federal Budget play in fleshing out the details of a Green New Deal for Canada?
Friday, March 6th, 2020
Advocates need a clear and practical agenda to make the most of this opportunity without sacrificing either environmental or social prerogatives. The AFB can help in this respect. Adopting all the AFB 2020 actions would mark an important shift in government policy-making and put the Canadian economy on more inclusive and sustainable foundations. It would do so without significantly adding to Canada’s debt at a time when public debt is truly the least of our problems.
Tags: budget, economy, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
Why the Canada Revenue Agency should do our taxes for us
Friday, March 6th, 2020
The CRA automatically receives information about the employment and investment income for most Canadians, so let its computers fill out the forms and do the math on our behalf for free… where effectively you get a prepopulated digital return, which has all your income and deductions that it [the CRA] knows about there. And you either sign off on it, ‘yes’ or ‘no,’ or add any additional lines that are relevant and then submit it… Already 36 countries, including Britain, Germany, Japan and the Netherlands, allow return-free tax filing for some taxpayers
Tags: economy, featured, tax
Posted in Governance Debates | No Comments »
Don’t Listen to Big Pharma Lobbyists: Universal Pharmacare Would Be Good for Workers and Good for Business
Thursday, March 5th, 2020
… the average Canadian employer providing drug coverage would save $750 per year per employee under universal pharmacare… a universal pharmacare plan could save Canadian businesses as much as $14 billion annually because such a plan “would eliminate much of the cost of health-care plans that business owners pay to cover employees.” … “employers, free from soaring premiums, could pay employees better or reinvest in their businesses.” … [and] save Canadians $4.2 billion in annual prescription costs.
Tags: budget, disabilities, economy, featured, Health, ideology, mental Health, pharmaceutical, standard of living, tax
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These unfair tax policies are putting a burden on women and seniors and need to be changed now
Friday, February 28th, 2020
Many of the policies are particularly harmful to older women because they hit those who are single/widowed and over the age of 65 — a group that contains a much higher percentage of women than men. As we head into a new decade, and in the spirit of eternal optimism, I am providing a list of four main offending policies in the hope that some political titans vow to fix them
Tags: pensions, standard of living, tax, women
Posted in Equality Delivery System | No Comments »
The federal government needs to tax our inheritances
Wednesday, February 19th, 2020
We are demanding the federal government establish a progressive inheritance tax that hits the top 10 per cent of estates, increasing to a marginal rate of 55 per cent on estates over $7.5 million… We’re also calling for a wealth tax that hits the top 10 per cent of Canadians, increasing to a marginal rate of 10 per cent on each dollar of wealth over $20 million, exempting principal residences… These two policies affect only individuals in the top 10 per cent
Tags: budget, featured, ideology, participation, standard of living, tax
Posted in Equality Debates | No Comments »
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