Ottawa (25 May 2022) — A briefing note released this week by Oxfam shows that, while high prices for food, energy and medication have left many people struggling, it’s been good news for the very wealthy.
Ottawa (20 April 2022) — While the federal budget included some small steps towards tax fairness, that good news was offset by the $9 billion in planned cuts to the federal public sector that will reduce the ability of the federal government to respond in the future to emergencies like the COVID-19 pandemic. There is also concern that failing to fully recognize the role governments can play in building strong economies, Budget 2022 represents a missed opportunity to build a strong green economy where no one is left behind.
Ottawa (07 April 2022) — A new report from Canadians for Tax Fairness, The Rise of Corporate Profits in the Time of COVID, shows that the profit margins for Canadian corporations rose to record levels in 2021. This is contributing to inflation and income inequality.
Ottawa (28 March 2022) — A report released earlier this month shows how Canada is being marketed to criminals and tax-dodgers as a place to hide their money. As the report, Snow-washing, Inc: How Canada is marketed abroad as a secrecy jurisdiction, makes clear the secrecy around who controls companies registered in Canada has resulted in companies and partnerships registered in Canada being promoted as a way to hide dirty money.
Ottawa (22 March 2022) — With this week’s agreement between the Liberals and the NDP, we may finally get action on issues that matter to working people. The agreement, Delivering for Canadians Now, A Supply and Confidence Agreement, covers a number of areas where action is urgently needed, but progress has been slow.
Ottawa (10 March 2022) — A report released today by the Canadian Centre for Policy Alternatives (CCPA) shows that there no rational reason for provincial governments to introduce austerity policies. According to the report, Disappearing Act, The state of provincial deficits in Canada, the provincial government finances have bounced back far better than expected when provinces released their 2021/22 budgets.
Ottawa (02 Feb. 2022) — This week Sienna Senior Living announced that it was acquiring a 50% ownership stake in 11 “seniors’ living assets” in Ontario and Saskatchewan. Sienna is expecting the expansion “to generate an approximate 6% unlevered yield."
Ottawa (2 Feb. 2022) — An updated profile of Medavie Inc. shows that the company is still heavily involved in the privatization of health care services. Since the National Union of Public and General Employees (NUPGE) published its original profile of Medavie 4 years ago, the company has expanded both the range of privatized services it operates and the number of communities where it operates.
“The solutions are clear, easy to implement, and Canada’s corporations can easily afford to contribute their fair share. The federal government should raise the corporate income tax rate from 15% to 20%, and tax excessive pandemic profits, especially from corporations that got public subsidies.” — Dr. D. T. Cochrone, author and economist
Ottawa (02 Dec. 2021) — The State of Tax Justice 2021, a report from the Tax Justice Network shows how tax dodging by large corporations and the wealthy is interfering with the recovery from COVID-19 pandemic.