Category Archives: Taxes
Canada demands corporations protect workers’ rights, limit dividends, share buy-backs, exec pay in exchange for COVID-19 support
Canada is demanding the nation’s largest corporations hit hard by the COVID-19 pandemic protect workers’ rights while imposing strict limits on dividends, share buy-backs, and executive pay in exchange for government support to ride out the crisis. The corporations seeking
Canada failing to fight tax cheats, watchdog warns
Canadians have seen few signs that the federal government is meaningfully cracking down on international tax avoidance and evasion, a tax fairness watchdog warned on the fourth anniversary of the Panama Papers leak. “Other countries have taken tax evaders to
David Eby invites opponents to protest at his housing town hall
By ThinkPol Staff British Columbia Attorney General David Eby is inviting opponents to protest outside his Housing Town Hall 2.0 scheduled for Monday. “There is adequate protest space outside, and we expect media to attend and cover any protest that
Morneau attended event in China sponsored by “Liberal bagman” seeking billions in tax dollars for affordable housing
By Lisa Tanh Finance Minister Bill Morneau attended an event in China sponsored by a Vancouver real estate developer that is asking the federal government for billions in tax dollars to build affordable housing. Recently, the Canadian Chamber of Commerce
BC Liberals unhappy that speculation tax targets British Columbia’s 1% wealthy enough to own multiple homes
By ThinkPol Staff The BC Liberals are criticizing the speculation tax recently introduced by the province’s Green-backed NDP government because it affects the one percent of British Columbians wealthy enough to own two or more homes. “I think the minister
Wealthy Vancouver homeowner objects to school tax because his children are no longer in school
By ThinkPol Staff A homeowner from Vancouver wealthiest neighbourhood is objecting to the additional school tax levied on properties worth more than $3 million on the grounds that his children are no longer in school. “It may be a great
Andrew Wilkinson introduces bill to reduce taxes on condo flippers by half
By ThinkPol Staff British Columbia’s Leader of the Official Opposition Andrew Wilkinson today introduced a private members bill, that if passed, would reduce taxes on condo flippers by half. Under Canada Revenue Agency interpretation of Income Tax Act, profits made
Flipping houses or condos? CRA reminds you that all profits are fully taxable
By ThinkPol Staff Canada’s taxman is reminding house and condo flippers that all profits made buying and reselling homes in a short period of time are fully taxable. This also includes pre-sale flips, where a property is bought and sold
UBC prof behind Speculation Tax says it doesn’t actually target speculation
By Drew Penner Ask University of British Columbia professor Tom Davidoff where the provincial NDP’s new housing tax came from, and he’s quick to take credit. Just don’t try to pin the “speculation” angle on him. “I was like the
Metro Vancouver housing sales slump 30% in March
By ThinkPol Staff Home sales slumped 30 percent last month in Metro Vancouver as BC budget measures aimed at making housing affordable began to cool down the region’s once red hot real estate market. Residential home sales in the region