Tax Index 2021: Line by line break-up of who’s paying and dodging taxes

Posted on March 24, 2021 in Governance Policy Context

Source: — Authors: – Tax Index 2021
Mar 24, 2021.   Broadbent Institute

Broadbent Institute Tax Index

Accelerated by the pandemic, Canada’s income gap is at an all-time high. So, 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 losing tens of billions of dollars in revenue every year.


  1. CCPA. (2020). Canada’s top billionaires are $37 billion richer since start of the pandemic, CCPA report finds. Retrieved from
  2. CCPA. (2021). Heading into the, Canada’s highest paid CEOs made 202 times more than the average worker pay in 2019. Retrieved from
  3. Evans, P. (2021). Top-paid CEOs raked in average worker’s annual salary before noon today. Retrieved from
  4. Canada Revenue Agency, Government of Canada. Canadian income tax rates for individuals – current and previous years. Retrieved from
  5. Better Dwellings. Canada’s super rich actually own a bigger share of wealth than previously thought. Retrieved from
  6. Mojtehedzadeh, S. (2020). ‘Billionaire wealth has bounced back’: Canada’s 20 richest people saw their fortunes grow by $37 billion during COVID-19, study says. Retrieved from
  7. BBC. (2020). Netflix gets 16 million new sign-ups thanks to lockdown.
  8. Helmore, E. (2020).Amazon third-quarter earnings soar as pandemic sales triple profits. Retrieved from
  9. Ljunggren. D. (2020). Canada plans digital tax in 2022 on global tech giants such as Facebook, Google. Retrieved from
  10. Hemingway, A. (2021). Wealth tax would raise far more money than previously thought. Retrieved from
  11. Government of Canada. (2018). Capital Gains – 2018. Retrieved from
  12. Government of Canada. (2019). Canadian income tax rates for individuals – current and previous years. Retrieved from
  13. Government of Canada. (2019). Corporation Tax Rates. Retrieved from
  14. Government of Canada. (2019). Tax Gap: A brief overview. Retrieved from
  15. Murphy, B., Veall, M. & Wolfson, M. (2015). Top-End Progressivity and Federal Tax Preferences in Canada: Canadian Tax Journal. 63.3, 661-88
  16. Oved, C. M, Heaps, A. A, Toby. & Yow, M. (2017). Canada’s Corporations Pay Less Than You Think. The Toronto Star. Retrieved from
  17. Oved, C. M & Cribb. R. (2019). Legal tax dodges cost Canada $25B, PBO study says. Retrieved from
  18. Stuckey, B & Yong, A. (2011). A Prime of Federal Corporate Tax Rates. Retrieved from
  19. Macdonald. D. (2016) Out of the Shadows Shining a light on Canada’s unequal distribution of federal tax expenditures. Retrieved from


The divide is clear – a handful have emerged better off from a health and economic crisis that has multiplied the economic vulnerability of millions of people. The answer lies in implementing a wealth tax on the super rich, a pandemic excess profits tax, and closing tax loopholes to make sure everyone pays their fair share for an inclusive recovery that includes expanded healthcare, decent jobs with a livable wage, and a real climate action plan, among other things.

Help forge a future for the many, not just the few.

In other wealth tax related news

  • The case for a wealth tax in Quebec, and Canada as a whole
  • A new Foundation for European Progressive Studies (FEPS) policy study on how wealth tax could be the EU’s way to COVID recovery and tackling climate change
  • Financial Times busts stale arguments against progressive taxation

Take action, build momentum

Want to do more? Here are three things you can do in less than 10 minutes that can help build the call to #TaxtheRich:

  1. Share the Tax Index on your social media channels:
  2. Sign Canadians for Tax Fairness’ letter urging Chrystia Freeland to include progressive tax measures in this year’s budget and build back an economy for all:
  3. Ask your friends, family and organizations you think may want to get involved to add their name to the movement here:

Share this on social media and build a movement

  1. Canada’s top 20 billionaires made $37 billion during the pandemic, while thousands lost jobs and took pay cuts. How is this fair? We need to #TaxtheRich to recover from the pandemic.
  2. Canada’s income gap is at its widest since the 1980s and upward income mobility has significantly reduced for most of us. We need to take action, and #TaxtheRich.
  3. A 1% tax on wealth over $20 million would raise $10 billion in the first year alone. This means money for our healthcare, students, teachers and racialized and Indigenous community members. Let’s #TaxtheRich.

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