Unfortunately, new federal government policies are taking us backwards on tax fairness. The government recently eliminated the consumer carbon tax, which returned more money to most low-income families than they paid. A few days later, it cancelled the partial closure of the capital gains loophole, one of the features of our tax system that most benefits the ultra-wealthy.
Fifteen billion dollars. That’s how much the federal government loses each year to tax haven abuse by big corporations and the ultra-wealthy.
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This article was originally published by Social Capital Partners
The Perspectives Journal Podcast complements the journal and opinions content, to bring out left-wing ideas and strategy in a new and ever-evolving format. The podcast features interviews with policy experts, to dig deeper into the progressive angles of the issues affecting working-class, ordinary Canadians.
Author(s): Lars Osberg
Publish Date: 2024
There are more billionaires than ever in Canada – and they are capturing an ever-growing share of the country’s wealth. Meanwhile 90% of Canadians are steadily losing ground.
Understanding how and why this is happening has been the focus of a lifetime of research by economist (and C4TF board member) LARS OSBERG. In this book, building on his earlier book The Age of Increasing Inequality, he describes how inequality has grown steadily over decades – but is now accelerating in the post-Covid world.