1% Wealth Tax Now
Call on Canada's Finance Minister, Chrystia Freeland, to create a wealth tax in the 2022 federal budget.
Extreme wealth has skyrocketed in Canada and the rest of the world during the COVID-19 pandemic. The world’s 10 richest men have doubled their fortunes, while the incomes of 99% of humanity are worse off. Canadian billionaires alone increased their wealth by roughly $111 billion during the pandemic.
There is a solution. In one small step – by creating a 1% national annual wealth tax on the richest Canadians , our finance minister could raise up to $20 billion a year to invest in urgently-needed public measures, like universal child care, mental health and income supports, climate action and affordable housing.
With this investment, we could build a more equal economy that benefits women and Indigenous, Black and racialized communities – the ones hardest hit by rising inequality.