Lack of action on tax loopholes missed opportunity to fight inequality

 

 

Ottawa – The federal budget missed an opportunity to recover up to $12 billion in tax revenue that could be invested in  needed health and social programs, contends the Broadbent Institute.

“Tax loopholes used mainly by the very wealthy are costing us billions every year,” stated Rick Smith, Executive Director of the Broadbent Institute. “A fairer tax system that sees these loopholes closed would help us fight the inequality that’s threatening many of our communities.”

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Employment Insurance under the Trudeau Liberals

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In their 2015 election platform, the Trudeau Liberals identified a number of items related to Employment Insurance (EI) that they would change: reversing the Harper EI reforms defining ‘suitable work’; reducing the waiting period for EI benefits; reducing EI premiums; introducing more flexible parental leave; providing better access to compassionate care; and increasing funding for employment and training programs managed by provinces, territories and Aboriginal labour market organizations.

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How Budget 2018 can help Canada's working poor

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The Liberal government have promised to make progressive changes to the Working Income Tax Benefit (WITB) in next week's budget.

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Making tax fairness a priority

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This blog post is part of a series of posts that will be focusing on the tax avoidance by Canada’s most wealthy. This series was sparked by findings in the Paradise Papers — the latest leak that revealed the offshore tax haven activities of former Canadian elected officials and political insiders. Tax avoidance is wrong. It robs the Canadian government from paying for and maintaining our health and social programs; ones that work to improve the lives of all Canadians. A government crackdown on offshore tax havens is urgent and necessary.

It’s safe to say that taxes aren’t everyone’s favourite subject. Canadians are usually confronted with the idea during tax season: as we frantically get our financial documents in order, while tempering our slight annoyance with the government for peering into our pockets. But we need to have more comprehensive conversations on how taxes affect our lives on a daily basis; because the fight for a fairer tax system is real and urgent.

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