Posts Tagged ‘tax’

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Ottawa is falling short in efforts to fix Canada’s corporate secrecy

Sunday, March 5th, 2017

The problem is that the way companies are registered in Canada involves a degree of secrecy more often associated with sunny tax havens, such as Panama and the Bahamas. The true owners of companies registered here don’t have to be identified in corporate registries, which allows them to move assets under a cloak of anonymity.

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Federal budget should close gap between rhetoric and resources

Saturday, March 4th, 2017

The government should… index the Canada Child Benefit to inflation, fix the EI system by creating fair and universal criteria for access, and pay for… affordable housing… [and] the $155 million in emergency relief it promised to First Nations children living on reserves… On the revenue side… it should continue to invest in tax compliance… [and] limit or scrap some of the many loopholes… that benefit the richest with no evident contribution to the public good.

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Why the talk of saving the middle class has a sadly familiar ring to it

Wednesday, March 1st, 2017

… this is not about entitlement. It’s about an expectation that used to be born from healthy economies that spur job growth and offer benefits to boot. By this I mean the “sustained, inclusive economic growth” … On-call shift work, precarious employment, depleting health care benefits from those employers who still offer them. Pensions? … The trickle-down economics argument didn’t hold water. Financialization won… Instead of reinforcing the idea of aspiration, we have gifted to the next generation uncertainty.

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Moving slowly on pharmacare is better than not moving at all

Wednesday, March 1st, 2017

… average Canadian prices of the most commonly prescribed generic versions of drugs are sky-high compared with other countries. Costs are 60 per cent lower in Sweden and 84 per cent lower in New Zealand, both of which have types of universal pharmacare. Even the United States, which has by far the highest health-care costs per capita in the world, has lower-cost drugs – 47 per cent lower… The problem, of course, is that any plan would result in higher government spending, and therefore higher taxes.

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As he drafts his next budget, some advice for the Finance Minister

Monday, February 27th, 2017

Mr. Morneau’s economic advisory council a few weeks ago pointed out that one of the surest way of boosting long-term economic growth is to grow the workforce, by encouraging seniors and near-seniors to remain in it… allowing the Baby Boom generation to continue to work, accumulate benefits and build up sheltered retirement savings for longer, if they want to…

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Top 10 List for Minister Morneau: Shadow Budget 2017

Thursday, February 23rd, 2017

To set a credible path to balance, hold the line on transfers to other levels of government, contain Ottawa’s own compensation costs and shrink or eliminate many tax expenditures, including the age credit, the LSVCC credit and some boutique credits; To encourage businesses to grow, replace preferential tax treatment for small businesses with temporary preferential treatment for young businesses…

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Breaking down Canada’s health-care silos: More money isn’t the answer

Monday, February 20th, 2017

Hospitals are largely paid based on how much they spent last year. Long-term care homes are paid for each bed filled. Physicians are paid for the number of services they provide. Crucially, all these entities are paid public dollars through separate envelopes despite treating the same patients. As aging Canadians with multiple chronic diseases bounce from one health-care silo to another, from hospital to the community and back again, nobody holds accountability for their safe journey across these settings.

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Canada must make sure everyone pays fair share of taxes

Sunday, February 19th, 2017

The Conference Board of Canada now estimates that the federal government is missing out on uncollected taxes that amount to at least $16 billion a year – and might even be as high as $47.8 billion… That’s enough, for example, to pay Canada’s entire defence budget more than twice over. It’s almost 10 times more than the estimated cost of a national childcare program.

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Ottawa should not delay on action to fight poverty

Saturday, February 18th, 2017

… much more must be done to ensure EI reflects the shifting reality of work and is adequate to the current cost of living… Some 170,000 households are currently waiting for [public housing] units, with the average wait time at around four years… the day-care situation remains dire. This situation robs too many people, particularly mothers, of the opportunity to work or train… a refundable version of the [disability tax] credit… would be a far more effective tool for helping those with disabilities who need it the most.

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Posted in Social Security Debates | 1 Comment »


Ontario is proving that taxing the one per cent works

Wednesday, February 15th, 2017

In Ontario, the average total income of the one per cent grew by 2.5 per cent in 2014 while average federal and provincial income taxes paid grew by 7.2 per cent. Nationally, with similar average total income growth of 2.3 per cent, average federal and provincial income taxes grew more slowly, by 4.7 per cent.
The faster revenue growth in Ontario suggests that the changes in taxation of high-income earners had a positive impact on government revenue.

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