Taxation

The government continues failing to close tax havens and tax loopholes for the ultrawealthy. While cost of living and prices continue to spiral out of control, large corporations are making record profits off the backs of struggling Canadians.

The super-rich are hiding more than $300 billion in tax havens every year and using tax loopholes to avoid paying their fair share. Closing tax loopholes and shutting down tax havens would save Canadians more than $16 billion every year. This is critical tax revenue that could be invested in things that Canadians desperately need, such as guaranteed basic livable income and a Just Transition plan to help workers and communities move towards a greener, more equitable Canada.

The NDP pushed hard and in Budget 2022, and there is a pandemic tax for banks and insurance companies.This is a start, and we will continue to fight for wealth tax and excess profits tax so that the ultra rich pays their fair share.

According to the CCPA’s study, if you add up all the measures that benefit mostly the wealthy, in 2011 alone, there is more than $100 billon in foregone revenue.

It is high time we close the loopholes and shut down the tax giveaways and reinvest that money into our communities, so that all Canadians—not just those at the top—can have the support they need to succeed.

HANSARD: If government caps spending and increase military spending, will this lead to cuts in services for vulnerable Canadians?

HANSARD: Emergency on wild fires

Householder Spring 2025: Liberals and Conservatives Rigging the System for Big Corporations

For decades, successive Liberal and Conservatives have rigged the system to maximize the benefit for big corporations. Since 1980, the corporate income tax rate steady dropped throughout different Liberal and Conservative governments, dropping from 36% to 15%, taking in hundreds of billions more in profit.

CTV NEWS: A B.C. man owes $27,000 in COVID benefit repayments. He's fighting back and is not the only one

The Member of Parliament for his riding of Vancouver East, Jenny Kwan, penned a letter to the CRA advocating for Masse in November 2022.

"We actually have a contract that he has with AIDS Vancouver and there are invoices that he has issued that's related to the work that he's done," said Kwan over a ZOOM interview on Sunday.

"This has happened, by the way, to other constituents of mine whose income is less regular if you will, on a contract basis," added Kwan.

She said the CRA told her that they need verification to show that a person's money has gone into their bank account, but Kwan says that's not always the process for low-income earners.

"People who are on a tight income, whose income finances are coming and going very rapidly, a lot of people don't deposit that money into their account, they literally cash the cheque," said Kwan.

HANSARD: In response to Bloc MP's offensive comment

HANSARD: Why Liberals more interested in protecting corporate profits than helping working people?

Public Policy: Emissions Pricing and Affordability: Lessons from British Columbia

HANSARD: Statement on Liberals given free rein to big oil companies

Parliament VIDEO: Speech on NDP motion “Place people and the planet before oil and gas company profits”

May 17, 2022 - I make a speech on the NDP's Opposition Day motion calling on the government to: (a) stop using Canadian taxpayers’ money to subsidize and finance the oil and gas sector, including by eliminating financing provided through Crown corporations such as Export Development Canada, and excluding oil and gas companies from the $2.6 billion Carbon Capture Tax Credit, by the end of 2022; and (b) re-invest savings from both these measures in renewable energy and in help for Canadians struggling with the high cost of living. Canadians are paying almost $2 per litre of gas at the pump, while oil and gas companies are making record profits. Meanwhile Canada spends 14 times more on financial support to the fossil fuel sector than it does for renewable energy, even though it has failed to meet any of its climate targets to reduce carbon emissions over the last 40 years. There is no Planet B. We must do everything we can today to ensure that the planet will be inhabitable for future generations. The government must do the right thing and place people and the planet over oil and gas company profits now.: