Explainer: What’s the difference between statutory and effective tax rates?
WHAT ARE ‘STATUTORY’ TAX RATES?
Statutory tax rates are the rates set by government statute as a percentage of a corporation’s or a person’s total income.
The Fair Tax News, January 2022
In this January 2022 edition: Long-time progressive public policy campaigner and fair tax fighter Katrina Miller has taken the helm at Canadians for
Katrina Miller takes over as C4TF's Interim Executive Director
Canadians for Tax Fairness is pleased to announce the appointment of a new Interim Executive Director, Katrina Miller, replacing Toby Sanger, who is retiring.
Report: January 7th is Corporate Income Tax Freedom Day 2022
Summary
Report
Introduction
At 12:33am on January 7, Canadian corporations collected the last dollar needed to pay their annual corporate income tax bill.[ii]
Since 2010, Corporate Income Tax Freedom has arrived, on average, by 2:19am on January 7. However, the time has been trending earlier and earlier with corporations keeping an additional half hour or so of revenue each year. This trend is a direct result of falling corporate income tax rates and widespread use of tax loopholes, tax havens, and aggressive corporate accounting.
Fall Economic Statement fails to act on fair tax promises to deal with banks and big tech
Canadians for Tax Fairness is disappointed that the government did not follow through on promised fair tax measures in the fall economic statement.
The rich “take” and pollute more, while the poor “earn” and burn less, says World Inequality Report
“Canada is a country with high levels of inequality.”
Submission: Publicly disclosing beneficial ownership information
To the Financial Action Task Force in Paris, regarding revisions to Recommendation 24 and the Interpretive Note for Public Consultation on publicly disclosing beneficial ownership information:
Dear Sir or Madam,
Throne Speech all talk? Better budget for it.
It’s been a busy month in tax fairness, and it’s about to get busier as MPs return to Parliament.