All governments in Canada will face challenging fiscal circumstances over the next few years because the COVID-19 pandemic has resulted in appropriate but very significant deficits. Governments will need additional revenues to fund a stronger, more inclusive recovery, as well as deal with urgent crises like inequality and climate change. However, recent provincial budgets already include significant real spending cuts and “restraint” – the opposite of what is required. Inadequate public spending will be economically and socially damaging and contrary to what a majority of Canadians want — which are substantial improvements to public services and programs like affordable housing, eldercare and education. ...
Canada lost one of its greatest progressive activists, thinkers, writers, political commentators and organizers earlier this month. Murray Dobbin, the founding president of Canadians for Tax Fairness—our longest serving board member—and a giant of the Canadian left, died on 8 September after a long struggle with cancer. He was far ahead of his time in his concern for and activism about tax justice, equality, democracy, public services and controlling the power of corporations and the political and corporate elite.
The Conservative platform is chock full of tax cuts and credits, including lots of putzy boutique ones for particular interests and bigger ones for business. These would reduce federal revenues by over $50 billion over the next five years and lead to significant real cuts to federal programs. (Read on Rabble.ca.)
With vast popular support across party lines, over $14 billion in additional revenue available, only the wealthiest individuals and corporations able to benefit from the current system, and international momentum to end the race to the bottom on tax, there's never been a better time to tackle tax havens.