June 2014

OECD to Canada: tax stock options to combat inequality

The OECD Economic Survey of Canada released today calls for tax reforms which would increase government revenues while also reducing inequality, specifically calling for changes to preferential treatment of stock options.
 
Noting that income inequality in Canada is above the OECD average and has been rapidly rising in recent years, the organization states that "there is also scope for the federal government to increase efficiency and reduce income inequality by further reducing tax expenditures that benefit relatively higher income households, such as......

Who wins with income splitting?

If Stephen Harper’s goal was to design a tax policy to make income inequality in this country even worse, he can pat himself on the back. That’s exactly what the Conservatives’ family income-splitting tax scheme will do.

Research from various organizations across the political spectrum has demonstrated already that this tax policy, projected to cost the federal treasury $3 billion in 2015, would be an expensive and inequitable tax giveaway.

Pushed by social conservative groups like the Institute of Marriage and the Family Canada and REAL Women of Canada, income-splitting...

Canadian-born visible minority youth face an unfair job future

Data from the 2011 National Household Survey (NHS) which replaced the long- form census indicate that racial status remains a significant factor in shaping advantage and disadvantage in the Canadian job market and in influencing the overall level of poverty and income inequality.

Put bluntly, non-whites do significantly worse than whites, in part because of racial discrimination.

With the aim of promoting employment equity, census data on employment and incomes have...

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