Wealth tax would raise much more than previously calculated

A one per cent tax on wealth over $20 million would generate nearly twice as much revenue as previously calculated by the Parliamentary Budget Office, money that could lift hundreds of thousands of Canadians out of poverty and fund health, social and environmental programs, new research by the CCPA-BC shows. 

This $10 billion boost to annual public revenues could implement long-term increases to funding for important social programs like child care, health care and seniors care and help pay for more ambitious climate action across Canada.  

Read the report.