Submission: Strong income tax disclosure rules are better with strong enforcement and transparency
Submission to Finance Canada on Income Tax Mandatory Disclosure Rules Consultation, by D.T. Cochrane
Explainer: What's the difference between tax deductions and tax credits?
The ultra-quick explanation is that deductions reduce the amount of income that the government uses to calculate how much tax you owe, while credits reduce the amount of taxes you have to pay.
NDP Reinvigorates Commitment to Tax Fairness with Plans to Close Loopholes
So far, during the 2021 federal election campaign, the NDP has offered the strongest commitment to tax fairness among the major parties.
Liberal Platform: Forward, but not very far
Like the NDP and the CPC, the LPC is using the language of tax fairness. However, their plans do not measure up.
Explainer: Why and how should we close tax loopholes?
Which loopholes should we close? What could we get?
Explainer: Why and how should we tax the rich fairly?
Fair taxation of high wealth Canadians has become a main issue during this campaign. Why and how should we do it? Who supports it and what could we get? C4TF's first weekly factsheet of the 2021 election gets to the point.
The BQ platform: good on ideas, short on details
The Bloc Québécois platform recognizes that while the government ran colossal deficits during the pandemic, the wealthiest i
The CPC Tax Plan is Inadequate and Risks Creating New Loopholes
The CPC released what it is calling “Canada’s Recovery Plan”. The document includes a number of tax measures.
The federal government could generate over $90 billion annually by making our tax system fairer
Fair tax measures to raise over $90 billion dollars a year.
Platform for Tax Fairness 2021
Summary
Report
The unprecedented financial support by the federal government through the COVID-19 pandemic was critical in saving lives and preventing the crisis from becoming a catastrophe. But it has come at a cost. The federal government’s net debt is expected to double to $1.5 trillion by 2025/26.[1] This doesn’t mean we should spend or invest less; instead, we should invest more.