Cut the costs, tax the rich!

Facts

14 November 2025

The cost of living crisis in our country is out of control, food bank use is at record highs, and millions of Canadians are feeling stretched, if not struggling, to cover the basics. Meanwhile, corporate profits continue to skyrocket and the wealthiest among us have the lowest tax burden, driving inequality to all-time highs.

While 20 percent of Canadians say they’ve had to skip paying at least one bill to afford groceries this year, the top 10 billionaire families grew their combined wealth by a whopping 20 percent to $310 billion.

Something has got to give.

A progressive wealth tax on net worth over $10 million would affect only 0.6 per cent of Canadians, help fix soaring inequality, and raise over $37 billion in the first year.

This much-needed revenue could go towards policies that take crushing costs off of everyday people’s backs — like building affordable housing or finally delivering universal pharmacare.

Send a message to Ottawa now: It’s time for a wealth tax in Canada to fairly share prosperity and fight billionaire greed!

Take action

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To : Prime Minister Mark Carney, Finance Minister Champagne

CC: Karina Gould, Jasraj Singh Hallan, Jean-Denis Garon

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Message

Dear Prime Minister Carney,

The cost of living crisis in our country is out of control, food bank use is at record highs, and millions of Canadians are feeling stretched if not struggling to cover the basics.

Meanwhile, the wealthiest among us have the lowest tax burden, driving inequality to all-time highs. While 20 percent of Canadians say they’ve had to skip paying at least one bill to afford groceries this year, the top 10 billionaire families grew their combined wealth by a whopping 20 percent to $310 billion.

Something has got to give. Demanding sacrifices from everyday Canadians while letting the ultra-wealthy and big corporations off the hook will just make record inequality even worse, continuing the decades-long wealth transfer to the top 1% from the rest of us.

A progressive wealth tax on net worth over $10 million would affect only 0.6 per cent of Canadians, help fix soaring inequality, and raise over $37 billion in the first year. This desperately needed revenue could go towards policies that finally address the nation-wide cost of living crisis by taking crushing costs off of people’s backs — like building affordable housing or finally delivering universal pharmacare.

Multiple polls reveal incredibly high support for taxing the rich in Canada: between 80 and 90% of Canadians consistently support a wealth tax.

Far too many Canadians aren’t getting a fair share of the value and wealth their labour creates. It’s time for a better way forward that puts everyday Canadians at the centre of their own economy.

I am urging you to implement a wealth tax, and begin recalibrating our economy so that it prioritizes affordability, prosperity, and opportunity for all Canadians rather than obscene wealth for a select few.

Sincerely,