Canadians' patience wears thin as need for wealth tax swells
2021 should have marked a turning point for progressive taxation in Canada. The COVID-19 pandemic laid bare the deep inequities within our economy.
Submission: Pre-Budget Consultations for the 2025/26 Federal Budget
Recommendations:
1. Implement a permanent excess profits tax to raise revenue from corporations who profited off the pandemic and discourage future crisis profiteering
2. Implement a minimum tax on corporate book profits
Corporate profits, not the carbon tax, to blame for Canada’s affordability woes
Post-pandemic inflation and a worsening affordability crisis have left many Canadians struggling to make ends meet.
Who’s really impacted by closing the capital gains loophole?
There’s a lot of fear-mongering about who’s going to be impacted by the changes to capital gains taxation.
Yes, Profits Have Risen With Prices
This article originally appeared in Jacobin
Media release: Corporate profits soar while investment stalls
For immediate release: June 25, 2024
Profits rise as investment stalls in Canada's affordability crisis
Summary
Report
Corporate profits during the pandemic
Facts
13 June 2024
The capital gains exclusion loophole has unfairly advantaged wealthy Canadians for far too long. Since 2000, investors only pay taxes on 50% of their income from the sale of investments, while workers pay taxes on 100% of their earnings.
No matter how you spin it, it's not fair.
Take action
MEDIA RELEASE: Capital gains increase is long-overdue step towards tax fairness
For immediate release: June 10, 2024