Fair tax measures for $92 Billion annually

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Over $92 billion dollars could be raised through a series of fair tax measures, outlined in C4TF’s recent Platform for Tax Fairness. These measures would require the richest individuals, biggest corporations and major polluters to pay a fairer share of government revenue. Canadians across political lines overwhelmingly support fairer taxes.

$ Billions available in estimated revenue from fair tax measures :

(Billions)

Funds raised through these fair tax measures would be enough to pay for

• universal pharmacare ($15 billion) [1],
• ending the First Nations’ water crisis ($7.4 billion) [2],
• energy retrofitting of our homes ($6 billion),
• the Canada Child Benefit including Child Disability Benefit ($27 billion) [3],
• the cost of improving long-term care ($13 billion) [4],
• and more…

SOURCES

[3] Details of Economic and Fiscal Projections, Budget 2021, Government of Canada, 19 April 2021

[4] Cost Estimate for Motion 77: Improvements to Long-Term Care, Parliamentary Budget Office of Canada, 4 August 2021