In 2020, 5.5 million Canadian workers lost their jobs. In that same year, 47 Canadian billionaires saw their wealth increase by 78 billion dollars. But rising inequality did not start during the pandemic. In fact, since the 1980s, the richest Canadians have increased their wealth, while middle- and low-income Canadians saw theirs diminish.   

Between 1982 and 2018, the top 1 per cent of Canadians saw their income double, the upper middle class saw an income increase of around 10 per cent, and everyone else’s salary didn’t see any increase at all. In fact, those salaries didn’t even keep up with inflation.  

Wealth inequality in Canada is staggering. Last September, Statistics Canada reported that the wealthiest 20 per cent of Canadians currently hold over 65 per cent of the wealth in the country, while the bottom 40 per cent – almost half the country, holds just 2.5 per cent of wealth as of 2020.   

Coming out of the pandemic, governments are looking for ways to reduce debt and fix systemic issues in healthcare and long-term care, as well as fill gaps in the social safety net that were made apparent in the last two years.  

This week Angella MacEwan joins the podcast. Angella is the senior economist at the Canadian Union of Public employees, a policy fellow at the Broadbent Institute, and a former federal NDP Candidate for Ottawa Centre. I will be speaking with her about the steps the Canadian government has taken to reach this point of inequality, and the Broadbent Institute’s plan to tax the rich.

PO Podcast 136 - Is it time for a wealth tax in Canada?

When a snap election was called in August, Canadians had a little over a month to prepare for a federal election and digest the platforms put forward by the political parties vying for their votes.

Each party focused on what they thought would get them the most seats in the House. The New Democrats talked about affordability writ large, the Conservatives prioritized financial well-being, the Bloc put Quebec’s interests first, the Greens focused on environmental sustainability and the Liberals promised a suite of measures to help stop COVID in its tracks.

Months of intense planning goes into every election campaign. So how are these platforms conceived and developed in the first place? Who decides what makes the final cut? And what happens when something goes wrong?

An insider's look at creating political platforms - In Their Words 08

Le gouvernement fédéral a dévoilé le 29 mars son plan très attendu de réduction des émissions de gaz à effet de serre (GES). Le plan détaille entre autres comment le Canada prévoit atteindre son objectif de générer 40 % moins de GES en 2030 par rapport à 2005.

Pour parler de ce projet complexe et certainement ambitieux, le directeur du Centre d’excellence sur la fédération canadienne de l’IRPP Charles Breton s’est entretenu avec celui qui aura la mission d’en assurer la mise en œuvre, le ministre de l’Environnement et du Changement climatique M. Steven Guilbeault.

PO Podcast 143 - Le plan pour un air pur et une économie forte

Policy Options is a digital magazine published by the Institute for Research on Public Policy (IRPP) in Montreal, Quebec. It features daily articles on issues of public policy by contributors from academia, research institutions, the political world, the public service and the non-profit and private sectors. We’re committed to introducing our listeners to a diversity of viewpoints on the important public policy challenges of our time.  

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PO Podcast 136 - Is it time for a wealth tax in Canada?

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