Taxes

Why Canada still needs a wealth tax—and what it could fund

May 9, 2023
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The rise of extreme inequality has provoked growing calls for an annual wealth tax on the super-rich around the world, and Canada is no exception. Backed by a growing body of economic research, proposals for a wealth tax have high levels of support among Canadians across party lines. Yet, an annual wealth tax is nowhere… View Article

BC budget does the right thing by prioritizing investment over austerity

Mar 1, 2023
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BC’s first budget under Premier David Eby includes substantial funding increases in housing, health care, income supports and cost of living tax credits, as well as allocating a record level of investment towards capital infrastructure. This not only represents much-needed progress towards meeting some of the big challenges facing our province but also prudently continues… View Article

Why increasing government spending makes economic sense

Feb 14, 2022
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Author’s note: The latest BC government throne speech promised “to help solve big challenges – like inequality and climate change – with growth that is inclusive and sustainable.” CCPA-BC will closely analyze the upcoming BC Budget to determine whether the government’s intention is backed by the increased levels of public investment needed to meet the… View Article

Time to reform the unfair Home Owner Grant—here’s how

Jan 28, 2022
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Early January showed how much BC’s housing system is biased towards existing homeowners to the detriment of renters and housing affordability. First, the latest property value assessments in BC revealed double-digit increases across the board. Large annual increases, such as the 16 per cent hike we see in the City of Vancouver, have become the… View Article
Tax the rich

Robust wealth tax could raise $363B over 10 years

Sep 14, 2021
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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
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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
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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