The House of Commons Standing Committee on Finance is urging Finance Minister Chrystia Freeland to introduce tax hikes in the federal government’s upcoming budget, which will be tabled near the end of March.
Some witnesses who testified before the committee called on the government to “address growing income inequality,” according to a committee report presented to the House on March 10 and first reported on by Blacklock’s Reporter. They blamed the inequality on “certain tax planning strategies and corporate pandemic windfalls,” the report said.
The non-profit Canadians for Tax Fairness was one such witness. It said tax “loopholes” favour the wealthy. “Loopholes cost the public revenue, many exacerbate income and wealth inequality, and many are of dubious benefit to Canadians,” the organization said….