The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.
federal taxes
February 9, 2022
10:20AM
Sixty per cent of the bottom 20 per cent of taxpaying families with children now pay $233 more (on average) in federal income taxes.
January 20, 2022
9:31AM
Nearly nine in 10 middle-class families now pay more personal income taxes.
December 16, 2021
4:45AM
The top 20 per cent of income-earning families in Canada pay more than half of total taxes.
July 22, 2021
8:32AM
This government’s policies depart from the consensus of previous governments both Liberal and Conservative.
April 29, 2021
9:31AM
The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.”
April 15, 2021
12:33PM
Nearly 60 per cent of the Liberal infrastructure spending was on “green” and “social” projects.
April 14, 2021
8:14AM
The government offset the benefits of the lower tax rate by eliminating tax credits.
February 18, 2021
10:45AM
Climate targets are irrelevant when determining whether a carbon tax is good policy.