Canada has a revenue problem

Canada doesn't have a spending problem, it has a revenue problem.

Canadian Centre for Policy Alternatives

"The federal government is the smallest it's been since before the Second World War. Federal total spending as a share of the economy stands at 13% of GDP, its lowest point in the past 60 years. The last time the government was this small we had no national health care plan, no pension plan, no guaranteed income supplement, no employment insurance. Federal revenues have been diminished by cuts to the corporate tax rate, regressive income tax policies, and tax evasion on an ever-widening scale."



Where Finance Minister Bill Morneau can find tens of billions of dollars for his budget:

1. Restore the corporate tax rate
Canada's corporate tax rate has been slashed again and again under Liberal and Conservative governments since the late 1980s.

One of the justifications for cutting corporate taxes was that it would create jobs and increase business investment – in the end, cutting corporate taxes did not accomplish either of those goals.

Meanwhile, rather than creating jobs or reinvesting in the economy, Canadian corporations are hoarding more and more of their profits.

2. Cancel income-splitting
3. Close the stock option loophole
4. Close the small business loophole
5. Introduce an inheritance tax on wealthy estates