Tax Fairness Blog

Government tax gap underestimates losses from tax haven use by wealthy individuals

These are serious crimes and it is time for serious pernalties

On June 28th the Federal Government released a report estimating the loss of federal taxes due to tax haven use by wealthy individuals: between $0.8 billion to $3.0 billion per year.


Gender Budgeting Misses Tax Bias Against Women

The government is touting its Budget 2018 as setting a new standard in 'gender budgeting' as a core pillar of budget-making.

It is commendable that the government has committed to examining the gender impacts of the budget in terms of education and skills development, economic participation, leadership, access to justice, poverty reduction and health, and gender equality around the world. However they seem to have forgotten about examining the gender impacts of tax policies.


Action at top and bottom needed to reduce inequality

The government's fall fiscal update has some good news for those living in poverty or who are struggling to get ahead. The Child Tax Benefit will be indexed to inflation and the Working Income Tax Benefit will be increased by $500 million, both moves the Canadians for Tax Fairness and other social justice groups have been calling for. However, while these are important poverty reduction measures, they only address growing inequality at the bottom.

Inequality needs to be tackled at both the top and bottom end of the income divide.


Federal tax reforms will help Nova Scotia and Canada

Federal tax reform could give Nova Scotians some of the funds we need to improve our infrastructure and public services.

There are compelling reasons to support the federal government’s proposed small-business tax proposals. Does that surprise you? Let’s pause for a moment and consider a few facts.

Tax breaks in the last 20 years have benefited Canada’s corporations and wealthiest citizens far more than the rest of us. These breaks have contributed to wealth concentration at the top and entrenched poverty at the bottom.

They have gradually starved governments of billions of dollars needed to pay for vital programs and services. The current proposals will replace some of the tax revenue that has been lost — about $1 billion yearly by some estimates. Taxes and public services have come to represent a significantly smaller percentage of our economy than in most other developed countries — it’s time to stop the bleeding.


How tax inequity hurts women

You have to hand it to wealthy business owners. They know how to work the system to maximize their bottom line and pay as little tax as possible. Why shouldn’t they? It’s completely legal. However, it’s not only fundamentally unfair to those who pay their fair share, it also hurts poor Canadians — most of them women.


Tenir ferme sur la fermeture de l'échappatoire fiscale sur les sociétés privées

L'année dernière, le gouvernement fédéral a réaffirmé une promesse électorale visant à éliminer l'échappatoire fiscale des options d'achat d'actions qui a donné près d'un milliard de dollars aux PDG les plus riches.

Le ministre des Finances a cede à la pression des intérêts personnel qui ne voulaient pas perdre leur réduction de 50% sur les taxes.


Hold firm on closing private corporation tax loophole

Last year the Federal government backed down on an election promise to close the stock options tax loophole that gave almost a billion dollars to the richest CEOs. The Finance Minister bowed to pressure from vested interests who didn’t want to lose their 50% discount on taxes.


Tax System Can Reduce Poverty and Inequality

The tax system can be a powerful tool for redistributing wealth and reducing inequality and poverty. We all benefit (including the rich) from a more equal society with better population health, reduced crime, and better education. Recent research also now shows that lower inequality also means better employment opportunities and a more vigorous economy, again, from which we all benefit, rich or poor.



Subscribe to RSS - blogs