A new analysis by the PBO illustrates that the federal government can raise new resources to stimulate the post-covid economy and provide more support to Canadians by implementing a wealth tax on Canada’s top 1 percent, as proposed by the NDP.
The government must stop protecting the wealthiest and those who use overseas tax havens to avoid paying their fair share. We have an opportunity to finally put in place a Fair Tax system by curbing tax havens, which will reduce inequality and better distribute wealth among Canadians.
I have introduced in the House of Commons Motion M-43 to immediately implement a 1% wealth tax on fortunes over $20 million.
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