Recommendations:
1. Implement a permanent excess profits tax to raise revenue from corporations who profited off the pandemic and discourage future crisis profiteering
2. Implement a minimum tax on corporate book profits
Post-pandemic inflation and a worsening affordability crisis have left many Canadians struggling to make ends meet.
There’s a lot of fear-mongering about who’s going to be impacted by the changes to capital gains taxation.
This article originally appeared in Jacobin
For immediate release: June 25, 2024
13 June 2024
The capital gains exclusion loophole has unfairly advantaged wealthy Canadians for far too long. Since 2000, investors only pay taxes on 50% of their income from the sale of investments, while workers pay taxes on 100% of their earnings.
No matter how you spin it, it's not fair.
For immediate release: June 10, 2024
Much has been made of capital gains taxation since the government announced plans to reduce the tax break given to capital gains back in April.