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A number is never just a number: Tax cuts 101

Image: Jared Rodriguez / t r u t h o u t

70 years

The last time Canadian federal tax revenues have been this low (as a share of the economy). (Source)

29%

Top federal personal income tax rate for anyone earning from $136,270 to you name it. In 1981, the rate for anyone earning $119,000 or more (1981 dollars) was 43 per cent. (Source)

$2.5 billion

Photo: ptooey/flickr
| February 27, 2014
| February 24, 2014
Photo: Andreas Metz/flickr
| January 16, 2014
Photo: VJ Beauchamp/flickr
| January 9, 2014
Columnists

Closing the income divide: The time has come to limit CEO over-compensation

Image: Voxphoto/flickr

Balsillie, Stronach, Desmarais, Thomson, Asper. Do these names sound familiar?

Indeed, they are the names of some of Canada's most successful business executives. It is undoubtedly true that their companies are vital to the Canadian economy. Together they are employing hundred of thousands of Canadians and competing with other companies internationally.

But what about their compensation? What about their responsibilities to make Canada a more "ethical businessplace"? What about their contributions to a less divided Canada where the rich are getting richer and the middle-class is losing its share of the economic pie?

Columnists

Why the wealthy are not like us: Capital gains, wealth and income distribution

Photo: City of Toronto Archives/Toronto History/flickr

This week's release from Statistics Canada on the income share of the wealthy generated some interesting coverage and commentary. It reported that the top 1 per cent's share of total income in Canada remained steady in 2011 in Canada, at 10.6 percent -- but still significantly higher than in the 1980s.

Most observers did not mention, however, that this oft-cited income share statistic does not include capital gains in the calculation of incomes and income shares. A capital gain, of course, is a realized benefit resulting from the disposition of an asset (buy low, sell high … unless you are a short seller, in which case you should buy high and sell low!).

Photo: Shazz Mack/flickr
| November 26, 2013
Photo: Neal Jennings/flickr
| November 20, 2013
| September 23, 2013
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