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Report: Corporate Income Tax Freedom Day 2020

Report

 

INTRODUCTION

At a time when Canadian families are dealing with the hangover of bills and debts to pay after the holidays, corporate Canada has reason to celebrate.

Tuesday January 7th, 2020 at 8:56am is the time when Canadian corporations could have paid all their federal and provincial corporate income taxes out of their revenues for the year: “Corporate Income Tax Freedom Day.”

Unfair taxes help fuel exorbitant CEO pay packets

The Canadian Centre for Policy Alternatives (CCPA) annual CEO pay report reveals that a disturbing number of Canadian corporations now pay their top five executives more than they pay in corporate income tax.

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