Wealthy Canadians get huge tax breaks, even with budget changes to capital gains
The tax system is much tougher on working people, who make up the vast majority of Canadians, including almost everyone in the lower and middle class. Working people pay taxes on their full working incomes, with few exemptions, and their taxes are deducted before they even receive their paycheques. Then there are those who own capital — stocks, bonds and other property… “A buck is a buck is a buck.” The budget’s tax changes are a small but important step in that direction.
Child & Family
Seniors’ Care Surge will require Smart Policies
Among the key recommendations: (i) provinces should invest in public home and community care while also considering mechanisms to expand the private provision of these services; (ii) Ontario and other provinces should consider providing a refundable tax credit for senior renters to access retirement homes and supportive services and; (iii) current capacity and fiscal constraints mean that expanding both publicly and privately funded options will be necessary.
Justin Trudeau announces national school food program amid rising grocery prices
Canada is the only G7 nation without a national school food program, and ranks 37th out of 41 of the world’s wealthiest countries when it comes to providing healthy food for children… one of the reasons for that was the lack of a national school food program… “We’ll finally be able to level the playing field”… the government plans to work with provinces, territories and Indigenous groups to expand existing programs, some of which are funded by under-resourced organizations.
Education
Province urged to take time to rethink flawed post-secondary education bill
Bill 166 is being touted as a potential law to improve transparency and student mental health, and to combat racism and hate on the province’s post-secondary campuses… The provincial government is using a manufactured crisis as an excuse for increased ill-informed ministerial interference… What we do need is a real solution to the real crisis created by government through more than a decade of funding cuts and squeezes.
Ontario has lost 5,000 classroom educators since 2018
In 2024-2025, Ontario will have 4,990 fewer classroom educators than it would have had if the funding formula hadn’t changed since 2018-19. Under the new formula, kindergarten will have to make do with 1,600 fewer staff. Grades 4 to 8 will have almost 1,000 fewer staff. Grades 9 to 12 will lose almost 2,600 positions… Depriving Ontario’s children of educators is the worst thing this government can do for the future of this province.
Employment
Around the world, almost no serious person continues to believe that cutting taxes on the wealthy will unlock growth for working and middle-income people. Most advanced industrial democracies are dealing with inequality and challenges to economic growth by rejecting market fundamentalism and investing in things like public transit, child care, affordable housing and ensuring that low- and middle-income people have money to spend in the local economy.
Economic growth tops the priority list for Canadian policymakers — here’s why
We should be making room for measures of personal and collective well-being other than GDP. But we also need economic growth — not just so we can consume more, or generate more revenue for governments, but so we can take better care of one another… growth could include better housing, better food and better health care, or even a better defence posture. And it need not require consuming more natural resources.
Equality
Canada’s shift to a more regressive tax system, 2004 to 2022
Taxation of the wealthiest is a central means to reduce inequality, provide adequate shared public infrastructure and services that benefit all, and create opportunities for all to live a decent life… Despite the progressive personal income tax system, when we look at all taxes and income, the tax system is only moderately progressive at the bottom, flat through the middle and regressive at the top.
Wealthy Canadians get huge tax breaks, even with budget changes to capital gains
The tax system is much tougher on working people, who make up the vast majority of Canadians, including almost everyone in the lower and middle class. Working people pay taxes on their full working incomes, with few exemptions, and their taxes are deducted before they even receive their paycheques. Then there are those who own capital — stocks, bonds and other property… “A buck is a buck is a buck.” The budget’s tax changes are a small but important step in that direction.
Health
We need to revolutionize how we organize health care in Canada
… “achieving high value for patients must become the overarching goal of health care delivery, with value defined as the health outcomes per dollar spent.” … Our government should focus less on who they are paying, and more on what they want to buy… This would facilitate innovations in care delivery across the system, and allow for more investment in integrated care programs that span the full continuum. Funding could focus on all-in coverage… including drugs, home care and virtual innovations.
Protecting public health care from private investors
In Canada, a single private equity firm already owns the largest national network of independent surgical centres — 53 operating rooms spread across 14 centres — in Quebec, Ontario, Manitoba, Saskatchewan, Alberta, and B.C… Approximately 90 per cent are publicly funded through partnerships with provincial health systems… Should profit-driven investors own health care facilities?
Inclusion
Debunking myths about community housing: What governments and the public should know
Canada’s Housing Plan… includes noteworthy new funding programs and policies to preserve and expand community housing, including social, non-profit and co-operative housing… Canada’s ongoing housing crisis extends beyond affordability and supply challenges. It also involves homelessness, risks to tenancy, shortage of accessible units, financialization and the lack of culturally adequate housing. Community housing is poised to effectively tackle these insidious problems in ways the market cannot.
One-in-seven people who access food banks nationally rely on provincial disability income support. In many provinces, that means living more than $800 below the poverty line each month… it was never about seeing just another income support program come into effect. It was about extending the type of tangible support to Canadians with disabilities living in severe poverty, helping them overcome its relentless cycle.
Social Security
Basic Income for a New Model of Canadian Social Democracy
Basic income is a paradigm-shifting idea on how to ensure economic security for everyone… Now is the time for the democratic left in Canada to develop a workable and comprehensive version of basic income as a key policy instrument, and not a sideline consideration. Canadian social democrats should incorporate the principle of guaranteed, unconditional and universal economic security as a fundamental program for its vision a better society.
Warning signs: Poverty in 2022
Pandemic-related modifications to EI, the Canada Recovery Caregiving Benefit and the Canada Recovery Sickness Benefit, all ended during 2022… Recent investments, such as the Canada Disability Benefit, may help when the money finally gets to those in need some time in 2025, but the size and reach of the benefit is too low to have a significant impact on poverty rates.
Governance
Doug Ford has bungled affordable housing and now Ottawa is rubbing his nose in it
The federal government now says it will send funding directly to municipalities, cutting Ontario out of the equation entirely… Why can the two levels of government come together to build subsidized factories, but not subsidized housing? … Ultimately, the friction over funding may have less to do with personalities than priorities. In Ford’s Ontario, unaffordable factories count for more than affordable housing.
We are rich Canadians and we support higher capital gains taxes
Ottawa wants to raise taxes for Canada’s ultra-rich. Rich people like us want that, too… with 1 per cent of the country’s residents holding over a quarter of all wealth. We need higher taxes to level out this rising wealth inequality… to fund new spending on priorities like Old Age Security, clean economy, medical care, child care, and housing, but it doesn’t go far enough to address class distortions… we’d also like to see a “super wealth tax,” an inheritance tax, and progressive property taxes
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