Budget 2023: where were the tax measures to deal with corporate profits?
This article was originally published in the Hill Times.
Tax credits: A multi-billion-dollar gamble on industry with no guarantee of just transition
Key points
Facts
14 April 2023
Canada is spending $88 billion over ten years to transition to a lower-carbon economy, but it needs to spend much more to save lives and the planet.
Experts project Canada will need to spend $570 billion over ten years on climate investments in order to avoid catastrophic climate change. We can raise that revenue by taxing corporations and their wealthy owners who have profited from climate change.
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Budget 2023 breakdown: A closer look at tax fairness measures in Budget 2023
Budget 2023 contained a mix of good tax policies and some glaring omissions.
Media release: Federal budget’s vision for a green and affordable Canada misses mark on tax fairness
OTTAWA – Budget 2023 aims in the right direction with a focus on transitioning to a lower-carbon economy and improving healthcare but misses an important e