Close the corporate tax havens. Make corporations pay their fair share to keep society running, and rekindle faith in the electorate in a sense of justice.
Closing corporate tax loopholes, which would add $1.6 billion to provincial coffers over five years, without having to raise any taxes at all. I must say, with all due respect, that as a hardworking taxpayer, I find it to be unconscionable, that the Liberal-lead Government of Ontario has done next to nothing in close to 10 years of being in power to close corporate tax loopholes, when Ontarians are forced to deal with ...more »
Raise Corporate Tax Rates and Peg them to 3 % below the U.S. annual average corporate tax rate. Use the additional revenue to pay down the debt and fund transit and infrastructure projects.
Raise the water taking tax for industrial purposes, excluding farming and local food processing, from $3.71 per million litres to $10 per million litres. This tax will encourage the conservation of one of Ontario’s most precious resources. Generated revenues could be used to fund programs and tax credits to provide clean water and waste water management. There would be NO water tax increases for private homes, public ...more »
In these tough times, I believe that everyone should pay their fair share of tax. That's what the Fairer Tax is all about, and there are two things I would like to see the Ontario Liberal Party do: Make the super rich pay their fair share Currently it's too easy for the super rich to dodge paying their fair share of tax in the Province of Ontario. The Ontario Liberal Party should campaign to close these loopholes ...more »
A succession of Liberal and Conservative governments, both at the federal and provincial levels, claimed that cuts to corporate taxes are the surest way to increase capital spending and job creation. So, what happened? While corporate cash flow rose, capital investment as a percentage of Gross Domestic Product (GDP) showed a long term decline, according to a study released by the Ottawa-based Canadian Centre of Policy ...more »
Ontario collected approximately $242 million in the most recent budgetary year from resource royalties, compared to $26 billion, $11.5 billion, and $3 billion in personal income, corporate income and gasoline taxes, respectively. Increasing the resource royalty rates may cause the rate of extraction of resources to decrease and may cause the resources to undergo a greater amount of processing in Ontario.
Under Liberal and Progressive Conservative plans Ontario would spend nearly $2 billion by 2015 on no-strings attached corporate tax cuts, despite overwhelming evidence that companies are not using the money to create jobs. With a new Ontario Liberal Party leader and Ontario Premier now in power, the Ontario Liberal Party plan should tie tax cuts directly to job creation: businesses that hire new employees, make investments ...more »
Raise the Minimum Wage The Ontario Liberal Party should actively campaign for, and seek to legislate, the elimination of distinctions in the minimum wage law based on age or occupation. It should also actively campaign for, and seek to legislate an increase in the minimum wage to a living wage of $14/hour in Ontario, and include a permanent, annual cost of living adjustment for it to keep pace with inflation. The ...more »
For any corporations to be eligible for any tax breaks on any given year:
a) they should have a net increase of jobs within Ontario
b) there should be a limit of the ratio of executive's salary to the median employee's salary to be eligible
The Jobs and Prosperity Fund provides over $2 billion/year to Ontario businesses. This should be eliminated, and offset by lower corporate income taxes, which would reduce the probability of tax avoidance and evasion, and reduce administrative costs.