Taxes

Tax the rich

Robust wealth tax could raise $363B over 10 years

Sep 14, 2021
By
Amid a rise in extreme inequality, the idea of an annual tax on the wealth of the super-rich has risen to prominence in recent years in many countries. New analysis shows that a robust wealth tax in Canada—one that goes further than those currently on the table in the federal election—could raise well over a… View Article

BC Budget 2021: Stay-the-course budget misses the mark on key areas of urgency outside health

Apr 20, 2021
By and
The BC government tabled a surprisingly stay-the-course budget today, making some improvements on the margins but missing the opportunity to shift BC towards a more inclusive and sustainable economy. While it appropriately includes large sums of time-limited spending relating to the pandemic (and indeed BC has led other provinces on pandemic spending), it is scarce… View Article

One year later: Canadian billionaire wealth up by $78 billion

Apr 14, 2021
By
One year into the COVID-19 pandemic that has upended the lives of millions of people in this country, Canadian billionaires have increased their wealth by $78 billion. Data from Forbes’ “real-time billionaires” listing on April 7 compared with a snapshot provided by their annual billionaires report last year shows this massive increase in wealth. Together,… View Article

Tax cuts won’t cure what ails us

Oct 2, 2020
By
Major tax cuts are on the table in BC’s election—namely, cuts to the provincial sales tax (PST) and speculation tax. But these proposals won’t help us meet the challenges the province faces. Whether the goal is economic stimulus, helping households in need or addressing long-term gaps in our social and physical infrastructure, tax cuts are… View Article

Now is not the time to panic over the federal debt

Sep 22, 2020
By
Public policy in Canada remains haunted by large deficits that prevailed in the 1980s and early 1990s. With COVID-19 economic response pushing the federal deficit to an estimated $343 billion in 2020/21, some pundits are starting to beat the deficit panic drum again.  Don’t let big numbers scare you. Here’s why we shouldn’t be worried. … View Article

A wealth tax on the super rich is within reach

Jun 15, 2020
By
If anything is clear in this pandemic, Canada needs a wealth tax on the super rich to rein in extreme inequality and contribute to crucial public investments in the wake of COVID-19. A wealth tax is economically and technically feasible, but it requires breaking with a status quo that often too narrowly serves Bay Street… View Article

Flatten the myth: Don’t fear government debt after COVID-19

May 11, 2020
By
Myth: Government debt rising from the COVID-19 crisis is a big problem. Reality check: Large-scale public spending to support people and invest in long-term public goods is prudent not only on a human level, but also in economic terms. The size of government debt compared to our economy (our debt-to-GDP ratio) will rise substantially through… View Article