When a group of Saskatchewan people who follow us on Facebook and our webpage erected a huge billboard to support our work, we were thrilled. It was simple. effective and inspiring.
Canadians for Tax Fairness
Canadians for Fair Taxation promotes a progressive tax system, based on ability to pay, to fund the public services and programs required to meet our social, economic and environmental needs.
The most expensive and most egregious tax loopholes such as the Stock Option Deduction, Capital Gain Deduction and Business Entertainment Deduction have not been touched.
Will Finance Minister Jim Flaherty do the right thing on Budget Day, February 11? Send him a message now asking him to close unfair tax loopholes and tackle tax havens.
It is beyond dispute that parental income splitting will give lavish tax benefits to the richest families while giving shockingly small benefits to those who actually need them the most.
Because of an unfair tax loophole, only half the income from stock options is taxable.
Our tax system is riddled with unfair and ineffective loopholes that cost federal and provincial governments a lot of money and disproportionately benefit higher income taxpayers.
Canadian senators who earned $2-million in stock options from non-Senate work didn’t have to pay income tax on 50 per cent of that money.
Canada is the 17th most secretive country in the world when it comes to financial transactions, according to an index released today by our partners at the London-based Tax Justice Network.
The reality is that the top 1% actually pay less of their income in all forms of taxes than the bottom 10%. Why? Tax loopholes.
Canada is not immune to sophisticated, multi-billion-dollar global schemes that involve money laundering and hidden assets.