Please sign our letter urging the federal government to introduce a wealth tax on the richest Canadians, apply an excess pandemic profits tax, and close tax loopholes for large corporations and the wealthy
As a year marked by record job losses and economic hardship comes to a close, 34 of Canada’s most profitable corporations will walk away with record profits adding a combined $8 billion to their bottom lines.
Canada Revenue Agency’s tax gap report today confirms that investments in compliance and enforcement pay off, but the federal government must do more to close the tax gap, particularly for large corporations.
To ensure the carbon tax remains progressive, the climate incentive payment to households should increase at the same rate as the carbon tax. It’s also important that the federal government follow through on its commitment to bring in automatic tax filing to ensure the most vulnerable families receive these benefits.