Broadbent Institute Tax Index

Accelerated by the pandemic, Canada’s income gap is at an all-time high. So, it's time to take stock of who's not paying their fair share. From tax dodging and loopholes, to historically declining tax rates for the most wealthy, Canada is losing tens of billions of dollars in revenue every year. References CCPA. (2020). Canada’s top billionaires are $37 billion richer since start of the pandemic, CCPA report finds. Retrieved from https://www.policyalternatives.ca/newsroom/news-releases/billionaires-wealth-pandemic CCPA. (2021). Heading into the, Canada’s highest paid CEOs made 202 times more than the average worker pay in 2019. Retrieved from https://www.policyalternatives.ca/newsroom/news-releases/heading-pandemic-canada%E2%80%99s-highest-paid-ceos-made-202-times-more-average Evans, P. (2021). Top-paid CEOs raked in average worker’s annual salary before noon today. Retrieved from https://www.cbc.ca/news/business/ceo-pay-canada-ccpa-pandemic-inequality-1.5860425 Canada Revenue Agency, Government of Canada. Canadian income tax rates for individuals - current and previous years. Retrieved from https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html Better Dwellings. Canada’s super rich actually own a bigger share of wealth than previously thought. Retrieved from https://betterdwelling.com/canadas-super-rich-actually-own-a-bigger-share-of-wealth-than-previously-thought/ Mojtehedzadeh, S. (2020). ‘Billionaire wealth has bounced back’: Canada’s 20 richest people saw their fortunes grow by $37 billion during COVID-19, study says. Retrieved from https://www.thestar.com/news/canada/2020/09/17/billionaire-wealth-has-bounced-back-canadas-20-richest-people-saw-their-fortunes-grow-by-37-billion-during-covid-19-study-says.html BBC. (2020). Netflix gets 16 million new sign-ups thanks to lockdown. https://www.bbc.com/news/business-52376022 Helmore, E. (2020).Amazon third-quarter earnings soar as pandemic sales triple profits. Retrieved from https://www.theguardian.com/technology/2020/oct/29/amazon-profits-latest-earnings-report-third-quarter-pandemic Ljunggren. D. (2020). Canada plans digital tax in 2022 on global tech giants such as Facebook, Google. Retrieved from https://www.reuters.com/article/us-canada-budget-tax-idUSKBN28A2ZM Hemingway, A. (2021). Wealth tax would raise far more money than previously thought. Retrieved from https://www.policynote.ca/tax-the-rich/ Government of Canada. (2018). Capital Gains – 2018. Retrieved from https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4037/capital-gains-2016.html Government of Canada. (2019). Canadian income tax rates for individuals - current and previous years. Retrieved from https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html Government of Canada. (2019). Corporation Tax Rates. Retrieved from https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-tax-rates.html Government of Canada. (2019). Tax Gap: A brief overview. Retrieved from https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/corporate-reports-information/tax-gap-overview.html Murphy, B., Veall, M. & Wolfson, M. (2015). Top-End Progressivity and Federal Tax Preferences in Canada: Canadian Tax Journal. 63.3, 661-88 Oved, C. M, Heaps, A. A, Toby. & Yow, M. (2017). Canada’s Corporations Pay Less Than You Think. The Toronto Star. Retrieved from http://projects.thestar.com/canadas-corporations-pay-less-tax-than-you-think Oved, C. M & Cribb. R. (2019). Legal tax dodges cost Canada $25B, PBO study says. Retrieved from https://www.thestar.com/news/investigations/2019/06/20/legal-tax-dodges-cost-canada-25b-pbo-study-says.html Stuckey, B & Yong, A. (2011). A Prime of Federal Corporate Tax Rates. Retrieved from https://lop.parl.ca/staticfiles/PublicWebsite/Home/ResearchPublications/InBriefs/PDF/2011-44-e.pdf Macdonald. D. (2016) Out of the Shadows Shining a light on Canada’s unequal distribution of federal tax expenditures. Retrieved from https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2016/11/Out_of_the_Shadows.pdf