Analysis by Canadians for Tax Fairness reveals that 34 large Canadian corporations have record high profits during the first three quarters of 2020. [1] These companies added a combined $8.1 billion to their bottom lines. Record profits have allowed these companies to increase their cash holdings by $11 billion.
8 December 2020
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C4TF recently released a report that found Canada’s billionaires increased their wealth by 28% during the pandemic, adding $53 billion to their fortunes at a time when millions of Canadians are struggling to get by.
3 November 2020
In the federal government’s fall fiscal update we’ll be looking for the Trudeau government to follow up on fair tax commitments they made in the September speech from the throne
How pleased I am to talk with all of you at Tax COOP - this really excellent conference.
25 September 2020
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Photo: Governor General of Canada Julie Payette prepares to deliver the Speech from the Throne, which included a number of tax fairness measures. Credit: Sgt Johanie Maheu, Rideau Hall
25 September 2020
By Erika Beauchesne
Important commitments for tax fairness in Throne Speech
It’s not only financial institutions that enable illicit activity, but weak government policies.
The total amount Canadian corporations reported in their top 12 tax havens soared to a record high of $381 billion in 2019. Despite political pressure following international scandals such as the Panama Papers and repeated promises from governments to get tough on tax havens, analysis of Statistics Canada’s latest foreign direct investment data shows that use of tax havens by Canadian corporations keeps on rising.
Canada’s tax ombudsman is sounding the alarm ove