In yet another delay of the progressive tax promises they made back in 2015, the federal Liberals have put off tightening one of the most regressive tax loopholes, the stock option deduction.
MPs and Senators returned to Ottawa last week with the Liberal government delivering a Throne Speech to very mixed reviews.
Election 2019 is over, and our work pushing tax fairness as a priority for Canada’s new parliament is starting again.
Conservative leader Andrew Scheer promised this week to revive three failed tax credits from former Prime Minister Stephen Harper’s heydays.
Canadians can weigh in on the government’s proposed changes to one of the most egregious and expensive tax loopholes – the stock option deduction.
Just four of the worst tax loopholes are costing Canada over $24 billion in annual revenues.
OTTAWA – The tax expenditure report published today by Finance Canada reveals that the federal government foregoes over $24 billion in annual revenues from just four of the most regressive tax loopholes.
Canadians for Tax Fairness is encouraged the federal government is finally committing to limit the stock option deduction, one of Canada’s most regressive tax loopholes, but the budget misses out on other opportunities to tackle tax dodging.
OTTAWA – Canadians for Tax Fairness is encouraged the federal government is finally committing
Justin Trudeau and his Finance Minister Bill Morneau are in a tight spot. They’re facing an election in seven months and need to commit funds to the promises they made during the last election.
