As Parliament resumes, there will be lots of talk about what Canadians value as priorities: pharmacare, childcare, veterans' programs, infrastructure. Often we hear that many of these things are too expensive. But when you look carefully, it becomes apparent that our choice to let our tax system slide into a collection of loopholes, boutique tax cuts and outdated regulations is losing us money. A lot of money.
The Parliamentary Finance Committee will soon start hearings to find out how we should be spending our tax money and this summer they accepted briefs from interested organizations. Canadians for Tax Fairness submits a report every year to the committee and our message is consistent.
"There are three ways the government could raise additional revenue," says Dennis Howlett, executive director of Canadians for Tax Fairness. "These options, if fully implemented, could raise an additional $20 billion annually."
1. Close Tax Loopholes
2. Stop Corporate Offshore Tax Dodging
3. Change the Rules So Online Companies Pay GST and Tax on Canadian Profits.
Want to find out more? Read the full brief below and then consider appearing at one of the cross-country finance committee hearings to tell our politicians what you think.