The 'Filthy Five' Tax Loopholes: Status Report
In 2018, the Broadbent Institute identiﬁed the ﬁve worst tax loopholes in Canada’s tax system. Little has been done to address these loopholes, which still drain money out of the public purse.
Closing just a few of the most regressive tax loopholes would generate at least $16 billion annually while implementing a 1% tax on wealth over $20 million would raise $70 billion over 10 years, according to estimates by the Parliamentary Budget Officer. These additional billions could help fund programs that would make life much more affordable for Canadians, such as access to housing and healthcare. Fair taxation can help us build a country where everyone prospers.Download FilthyFive Part2 Report