$30 billion in government revenue lost as corporate tax avoidance doubles in 2021
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For Immediate Release: Tuesday, 4 October 2022
Explainer: What are Canada's worst tax loopholes?
The Canadian government loses over 40 billion dollars every year because of tax loopholes.
Most of that money ends up in the pockets of large corporations and very rich people, whose wealth would continue to grow even if those loopholes were closed.
Meanwhile, the public services we all benefit from such as healthcare, education, public transport, and protecting the environment, remain underfunded.
Canada's worst tax loopholes:
Briefing Package: Fair Tax Priorities for Budget 2022
The new Supply and Confidence Agreement between the Liberal Party and the NDP promises quick action on dental care, pharmacare and long-term care to bring about substantially better healthcare for all Canadians. It also ramps up investments in affordable housing and climate action. New funds need to be identified in Budget 2022 and beyond in order to make these commitments a reality.
The federal budget should include immediate action to close tax loopholes and uncover tax cheats, raise the corporate tax rate, and implement a wealth tax.
Katrina Miller
Katrina Miller has worked for over twenty years to win environmental and social justice improvements at every level of government, collaborating with a wide array of labour, community, and academic experts, and helping organizations and individuals hone their skills and strategies. She lives in Toronto and can often be found doing Capoeira or engaged in hijinks with her two children.
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Silas Xuereb
Silas Xuereb is a researcher with years of experience in academia and working with non-profit organizations. He's passionate about conducting rigorous research to understand social and economic inequalities in support of actors working to alleviate them. Currently completing a PhD at UMass Amherst, he enjoys cooking, hiking, and playing hockey in his spare time.
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Peter Bleyer
Peter Bleyer is executive director of the Civic Institute of Professional Personnel (CIPP). He is a past executive director of the Canadian Centre for Policy Alternatives (CCPA) and the Council of Canadians. He was previously president of the Canadian Council on Social Development (CCSD) and senior advisor at the Professional Institute of the Public Service of Canada (PIPSC). As a consultant and a volunteer, he has worked with labour and civil society organizations in Canada and internationally. Peter holds a PhD from the London School of Economics.