The federal government could generate over $90 billion annually by making our tax system fairer
Fair tax measures to raise over $90 billion dollars a year.
Fair tax measures to raise over $90 billion dollars a year.
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.
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
“I got a raise, but it put me in the next tax bracket, so I’m actually losing money!”
C4TF uses three different terms to describe illegitimate and/or harmful efforts to lower a tax bill: tax dodging, tax evasion, and tax avoidance.&
Submission to the House of Commons Standing Committee on Finance, Pre-Budget Consultations for the 2022/23 Federal Budget
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.
Likeville Podcast host John Faithful Hamer in conversation with Darren Shore, Communications Coordinator for the advocacy group “Canadians for Tax Fairness,” about how the wealthy avoid paying their fair share, and what we can do to close the loopholes that make this possible.
Uber and Lyft have quickly become large, powerful corporations. Key to the growth of both companies is cost-cutting through tax and regulatory avoidance. At the centre of this avoidance is the insistence that they are not transportation companies, but rather technology companies—and that their drivers are not employees. This pretext allows them to avoid payroll taxes for drivers, as well as the responsibility for collecting and remitting sales taxes.