July 6th, 2022
NDP calls for action to make the rich and powerful pay their fair share
OTTAWA – Today, NDP Critic for Tax Fairness and Inequality, Niki Ashton (Churchill – Keewatinook Aski), along with Canadians for Tax Fairness economist and lead researcher, DT Cochrane, and Professional Institute of the Public Service of Canada President, Jennifer Carr, called on Justin Trudeau’s Liberals to act for more tax fairness in Canada. They are calling on the government to end its unfair tax system and make the rich pay their fair share of taxes. The Parliamentary Budget Officer estimates that Canada lost up to $25 billion in 2018 alone due to tax evasion and avoidance by the rich and large corporations. The NDP is urging the Liberals to close the tax gap, identify loopholes in Canada’s tax code and give the Canada Revenue Agency (CRA) the tools it needs to ensure that billionaires and big corporations pay their fair share.
“While working people are struggling to make ends meet, it is unacceptable that the rich and powerful are being let off the hook,” said Ashton. “We are losing billions of dollars due to tax evasion and avoidance that could be invested in social services that Canadian families need, particularly as the cost of living soars. Justin Trudeau must act now to make things fairer for Canadians, and to give the CRA the tools it needs to make the rich and powerful pay their fair share.”
Just recently, Canadians learned that the Liberals collaborated with accounting firm KPMG to keep them from paying their fair share of taxes. While hard-working people are struggling to get by, they watch in disbelief as their government caters to big businesses and billionaires. Since the Liberals came to power seven years ago, they have allowed big corporations and billionaires off the hook when it comes to paying their taxes. The NDP is fighting to change this.
"It is our job to make tax fairness our priority and to close loopholes that let the rich and powerful off the hook,” said Ashton. “It's time for action. Liberals must change the law that lets the richest avoid paying their fair share. We also need greater scrutiny including a special committee focused on tax fairness. It's time to make sure those at the top are paying their fair share.”