dougford-minimumwage_thumb
dougford-minimumwage_thumb
Analysis

Doug Ford’s Brilliant Plan to Help Minimum Wage Workers Leaves Them a Thousand Dollars Poorer

Doug Ford’s proposal would take more than a thousand dollars out of the pockets of Ontario’s minimum wage workers

April 20, 2018

Folks, Doug Ford’s got a plan to help minimum wage workers make ends meet.

Only problem? Well, the plan does not actually help minimum wage workers so much as it takes over one thousand dollars out of their pockets.

Promising to help “folks that are working their back off for minimum wage,” the Ontario PC leader recently promised to introduce a new tax credit for anyone earning minimum wage.

That might sound nice at first glance, but look closer – there’s a really big catch.

As part of the same plan, Ford will also clawback the minimum wage from $15 to $14 by cancelling the next increase scheduled for January 2019.

According to an estimate by economist Sheila Block, Ford’s minimum wage clawback would cost Ontario’s minimum wage workers a staggering $1,899 in lost wages.

Meanwhile, Ford’s tax credit would save minimum wage workers $817.

Do the math: that takes $1,082 out of the pockets of minimum wage workers.

Source: Canadian Centre for Policy Alternatives

In other words, Doug Ford has put forward a plan to help minimum wage workers that actually leaves them more than a thousand dollars poorer.

Yes. Seriously.

 

Invest in our work

We break news and shine a light on stories Canada’s major media outlets miss. But we need your help to keep making an impact.

Subscribe to our Friday Newsletter

Too busy to follow the daily news? Get the inside scoop on the entire week’s news sent to your email inbox every Friday at noon.

Invest in our work

We break news and shine a light on stories Canada’s major media outlets miss. But we need your help to keep making an impact.

morneau-taxloopholes_thumb
morneau-taxloopholes_thumb
News

Canada’s Wealthy Elites Are Dodging More Taxes Through Loopholes Than Previously Thought

It’s a wonderful time to be a wealthy tax dodger in Canada, new data from Finance Canada suggests

April 19, 2018

Sounds like Liberal Finance Minister Bill Morneau’s talk of “tax fairness” is ringing a little hollow these days.

Newly released tax data from Finance Canada shows the amount of revenue lost through lucrative tax loopholes exploited by Canada’s top 1% has risen sharply since last year.

According to the department’s annual Federal Report on Tax Expenditures, the federal government is losing billions and billions of dollars through various loopholes that allow the rich…