While corporate tax rates fall in Canada, taxes for ordinary citizens go up
For every dollar that corporations pay to the Canadian government in
income tax, people pay $3.50 – and the last year that corporations paid
as much income tax as people was 1952. The investigation found that
Canada’s 102 biggest companies have avoided paying $62.9 billion in
taxes between 2011 and 2016.
income tax, people pay $3.50 – and the last year that corporations paid
as much income tax as people was 1952. The investigation found that
Canada’s 102 biggest companies have avoided paying $62.9 billion in
taxes between 2011 and 2016.
The result of Canada’s “trickle-down” tax policies, which include
giving corporations huge tax breaks in hopes of stimulating the market,
has been a boom in wealth for a tiny fraction of the country and
worsening conditions for everyone else.