OTTAWA - The new federal Liberal minority government will have a lot of opportunity and reason to implement a number of substantial tax fairness measures with the support of two parties that hold t
There's vast popular support across party lines and over $14 billion available.
The Green Party has released its platform and it include
During the past two decades, the federal corporate income tax rate has been slashed in half. Now, corporations control almost half of all Canadian assets and two-thirds of Canadian economic activity, yet contribute less than 20% of federal tax revenue. What should we do?
Tax credits are incredible – for politicians and the public alike.
Submission to Finance Canada on Income Tax Mandatory Disclosure Rules Consultation, by D.T. Cochrane
The ultra-quick explanation is that deductions reduce the amount of income that the government uses to calculate how much tax you owe, while credits reduce the amount of taxes you have to pay.
So far, during the 2021 federal election campaign, the NDP has offered the strongest commitment to tax fairness among the major parties.
Like the NDP and the CPC, the LPC is using the language of tax fairness. However, their plans do not measure up.
Which loopholes should we close? What could we get?