Canadian money stashed in 10 offshore tax havens hit $170 billion in 2013. That’s $15 billion more than in 2012, according to Canadians for Tax Fairness using new data from Statistics Canada. The money flowing to tax havens is growing at a faster rate than investment in non-tax haven countries.
It looks like $35 million cut and 192 inspectors are on the chopping block according to documents posted by the Canadian Food Inspection Agency and major media reports. Twenty-two Canadians died as a result of the deadly listeriosis outbreak from uninspected meat in 2008. The Public Service Alliance of Canada says there are now fewer front line inspectors than there were at the time of that tragedy. Here’s where tax cuts get real.
As the old saying goes: "A buck is a buck". But at tax time, there is a different set of rules for corporate insiders using a loophole for stock option deductions. This loophole has a $1 billion annual price tag for the rest of us.
We received a ton of positive reaction about this opinion piece by Linda McQuaig which appeared on the Canadian newsite, IPolitics. Standing up to an entrenched and frankly, elitist, point of view is part of our job here at Tax Fairness. We love it when journalists like McQuaig have our backs.
When you are hunched over your dining room table in the coming weeks, buried in paperwork, your stomach in knots and your head swimming, here's a sobering fact to consider: 26 of the most powerful and profitable Fortune 500 companies paid zero dollars in federal income tax between 2008 and 2012.
The contents of the federal budget is an annual guessing
game.This year the Conservative government has deliberately set out to lower
expectations, preferring to save their goodies for next year's pre-election