| Canadians for Tax Fairness

Facts

9 February 2023

A new report by Canadians for Tax Fairness reveals large corporations in Canada received pandemic subsidies while boosting profits, avoiding billions in taxes, and making shareholders richer.

We looked at 74 publicly listed companies that were found in our previous report to have a tax gap* greater than $100 million. Half of them (37) received CEWS.

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Canada needs a minimum tax on corporate book profits

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New report: Canadian corporations took wage subsidies while avoiding billions in taxes

Thursday, Feb 9, 2023 5:00 a.m. EST

Public funds for private gains

Published on: 7 February 2023

Reading Time: 20 minutes

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Summary

Report

Private gains: Higher dividends, share buybacks, and acquisitions

Dividends

Dividends are the primary means by which companies return money to their own shareholders. They are typically paid each quarter.

Canada needs a windfall profits tax – not more rate hikes

MEDIA RELEASE: Canada needs a windfall profits tax – not more rate hikes

Would fairer taxes reduce inequality? Rising corporate profits and billionaire wealth force a real conversation about tax justice.

We are witnessing unprecedented levels of inequality.

How to make Canada’s tax system help more people

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Tough times ahead will require new federal tax policies in 2023

This article was originally published in the Hill Times.

The fossil fuel lobby is powerful, but not invincible. It’s Canada’s turn to adopt a windfall profits tax on oil and gas companies

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Chicken breasts for $27 a kilo? Consumers direct ire at supermarkets as food prices continue to soar

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