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Explainer: Why and how should we tax the rich fairly?

Fair taxation of high wealth Canadians has become a main issue during this campaign. Why and how should we do it? Who supports it and what could we get? C4TF's first weekly factsheet of the 2021 election gets to the point.

 

Platform for Tax Fairness 2021

Summary

Report

The unprecedented financial support by the federal government through the COVID-19 pandemic was critical in saving lives and preventing the crisis from becoming a catastrophe. But it has come at a cost. The federal government’s net debt is expected to double to $1.5 trillion by 2025/26.[1] This doesn’t mean we should spend or invest less; instead, we should invest more.

Book Review: Share the Wealth

From childhood in her grandparents’ rural Saskatchewan farmhouse, through fourteen years in the Royal Canadian Naval Reserves, and even during a BA in international development at St-Mary’s and an

Tax Cuts for the Rich Only Benefit the Rich, Study Reconfirms

Proponents of cutting the taxes of the rich commonly claim that it will encourage investment, leading to innovation, increased productivity, and jobs. There is effectively no evidence for these supposed benefits. Conversely, there is ample evidence that these cuts worsen inequality, which is associated with many social maladies.

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