The latest data on income inequality and wealth paint a clear picture: the gap between the richest and poorest is growing New data out of Statistics Canada this month tells us what many Canadians already guessed: the rich are getting richer and the poor are getting poorer. The latest report on incomes and wealth
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Finance
Trudeau’s Crazy Home Taxes and Deepening Debt are Hurting Everyday People
on August 29th, 2024
The Trudeau government’s disastrous policies are crushing hardworking Canadians, making it nearly impossible for us to get ahead Bad government policies force people to make tough decisions. “We decided to live in our garage.” That’s what a couple told the Canadian Taxpayers Federation during the recent Debt Clock tour in Alberta. The drywaller
$500M Settlement in Bread Price-Fixing Scandal Outrageous
on August 10th, 2024
The $500M settlement in the bread price-fixing scandal sounds huge, right? But dig deeper, and it’s clear that it’s far from enough The bread price-fixing scandal, which has been unravelling since 2001, continues to leave a sour taste in the mouths of Canadians. Despite the recent announcement that Loblaw and George Weston Limited will settle
Oil Giants Plead Poverty Over Emissions Cap Despite Soaring Profits
on August 10th, 2024
Cherry-picked data misleads: Emissions cap won’t hurt the economy Individual Canadians, including oil and gas workers, are doing their part to lower our country’s emissions. Not so for Canada’s oil and gas corporations’ executives and lobbyists. These corporations promised the emissions reduction standards contained in the Canada emissions cap were technically feasible. They were certainly
Generation Squeeze’s Home Equity Tax Will Target Struggling Seniors
on July 30th, 2024
Its assumption for proposing a home equity tax, that all homeowners are wealthy, is baseless The congregation I belong to enjoys a potluck meal after weekly services and likes to contribute to those in need in the community. When an elderly woman who looked like she really needed a meal started dropping in at lunchtime,
Rents Continue to Push Inflation up, and That’s Bad for Homeowners, too
on July 18th, 2024
Implement Rent Controls will Rein in Inflation and Stabilize the Canadian Economy The latest numbers show inflation rising from 2.7 percent in April to 2.9 percent in May. It’s a small increase but a move in the wrong direction and enough to cast doubt on whether the Bank of Canada will continue to cut interest
How The Capital Gains Tax Hike Will Impact You
on July 11th, 2024
The capital gains tax hike will affect Canadians at ALL income levels A lot of Canadians are starting to find out they’re richer than they think, at least according to the taxman. The way the Trudeau government is pitching its capital gains tax hike, you’d think it’s only affecting Canada’s richest 0.13 percent of
Pension Funds are for Pensioners. Period.
on July 10th, 2024
Pension funds are not for economic development or political statements To paraphrase Jane Austen’s opening in Pride and Prejudice, “It is a truth universally acknowledged, that a pension fund in possession of a good fortune, must be in want of ways to invest it.” Some Canadians have argued that pension funds should invest more
Capital Gains Tax Undermines the Backbone of the Canadian Economy
on July 4th, 2024
The claim that the capital gains tax affects only 0.13 percent of Canadians is not true It’s hard to recall a time when capital gains taxes have drawn so much attention. Historically, changes to capital gains taxation have largely flown under the radar. However, the latest modifications are different. Starting June 25, 2024, capital gains
Canada’s Inequality Crisis: Why the Rich Keep Winning
How tax loopholes and philanthropy efforts by the wealthy in Canada contribute to inequality Wealth inequality has always been a reality, and Canada is no exception. While the wealthiest Canadians contribute significantly through taxes and philanthropy, their efforts often fall short of addressing the underlying causes of inequality. In many cases, they offer temporary relief