Carney’s fuel tax pause rewards polluters Carney’s fuel tax pause rewards polluters and will generate more windfall profits for oil companies amidst a rising affordability crisis.

Carney’s fuel tax pause rewards polluters.

Instead of capturing windfall profits for the public good, Ottawa is bankrolling fossil fuel companies and starving services needed during the #climatecrisis.

New from @silasxuereb.bsky.social:

ricochet.media/politics/car...

#cdnpoli @c4tf.bsky.social

While this will help some households with gas prices, this is not the solution we need - Big Oil is profiting immensely from this crisis, now those profits will come at the expense of our public services as well as workers' paychecks. We should be redistributing those profits not our public services

Our ED, Jared A. Walker, and economist, @silasxuereb.bsky.social, in @canadiandimension.bsky.social on the urgent need for an excess profits tax on oil & gas: canadiandimension.com/articles/vie...

This conversation happened in no small part thanks to recent excellent reports published by @c4tf.bsky.social with @bcpolicy.bsky.social and @oxfamcanada.bsky.social (I'll link both below).

Also highly recommend the second half of the episode featuring @jimbostanford.bsky.social.

Canada's wealth inequality gap is widening..a tax reform could fix it | The Big Story YouTube video by CityNews

@c4tf.bsky.social and @bcpolicy.bsky.social found that, in 2023, 86 billionaire families held as much wealth as Canada’s 6.2 million least wealthy families.

The big question for @dylandusseault.bsky.social is how to fix it?

#WealthInequality #WorkingPeople

Robber Barons Are Doing Better Than Ever A new report finds wealth inequality in Canada is reaching new heights, with a tiny elite enjoying lavish lifestyles while the many are left in the cold. The problem is not just moral obscenity but that democracy is perverted by vast wealth concentration.

Recently our senior economist Alex Hemingway with @c4tf.bsky.social Silas Xuereb authored the report The New Robber Barons: A Quarter Century of Wealth Concentration in Canada.

Read an interview with Silas in Jacobin

We wrote about our report on wealth concentration with @bcpolicy.bsky.social in @thetyee.ca. If we don’t create better economic equality in Canada, we’re on a fast track to oligarchy…

Canada’s Richest 1% Nearly As Wealthy As Poorest 80% Three recent reports provide the gory details about massive and growing wealth inequality in Canada

NEW: Canada’s richest 1 per cent have nearly as much wealth as its poorest 80 per cent combined.

www.readthemaple.com/canadas-rich...

Canada’s biggest corporations raked in $677 billion last year. Why are they still getting handouts? To rein in corporate power and make life affordable, we can’t rely on the same neoliberal toolbox, write Jared A. Walker and Silex Xuereb. Strong, democratic nations are built by investing in people a...

Canada’s biggest corporations made a record $677B in profits last year. Yet the share they pay in taxes has never been lower, and investment is lagging.

Jared Walker and @silasxuereb.bsky.social of @c4tf.bsky.social ask: If tax cuts worked, wouldn’t we have seen the results by now?

Canadian oil profits for the Big 4 are set to soar as the US/Israel strikes on Iran rattle global markets. 📈

While prices spike, Cdn producers could reap a "risk premium." We should tax these windfall profits to invest in future-proof, climate-resilient energy.

We need a windfall tax on O&G now.

Trump's war on Iran hasn't altered Canada's cost of making gas — at all. So why are we being hosed at the pumps? Policy choices, not market forces of a war halfway around the world, explain the spike in prices, writes Jim Stanford, leading to unnecessary economy-wide inflation and higher interest rates.

As you fill up with gas that's now up 20c/litre in a week, remember who profits. Cdn oil companies made $150b after-tax profit after the last oil spike (2022). An excess profit tax redistributed to consumers would ease the pain. My take in @thestar.com: www.thestar.com/business/opi...

On a new 👁️‍🗨️ @redeyeradio.bsky.social 👁️‍🗨️ BC Policy Solutions Senior Economist and Public Finance Policy Analyst @alexhemingway.bsky.social joins the show to explain how a new report from @c4tf.bsky.social debunks the BC NDP's 2026 Budget's push for austerity.

www.listennotes.com/podcasts/red...

Our intrepid executive director, Jared A. Walker, will be moderating this talk about municipal change making at @broadbent.bsky.social’s upcoming Progress summit. Check it out and then come talk about how we can #TaxTheRich at the C4TF booth! 💫

Important work on #GenderJustice + #TaxJustice from our international partners, @globaltaxjustice.org ✊✊✊

Automatic tax filing is long-overdue. Yet tax filing giants have been investing in major lobbying efforts to block it. It would put billions in unpaid benefits in the hands of low-income Canadians and greatly improve accessibility. We need our government to make this happen, once and for all.

The new robber barons: A quarter century of wealth concentration in Canada A quarter century of wealth concentration in Canada Billionaires. Wealth taxes. Stock market booms and busts. In one form or another, wealth is in the headlines day after day. But what actually is wea...

🚨NEW REPORT:
Our new report, along with our friends at BC Policy Solutions, estimates wealth concentration in Canada from 1999-2023. We find that the share of wealth owned by the top 1% increased from 19.3% to 22.7% over this period.

www.taxfairness.ca/en/resources...

The new robber barons: a quarter century of wealth concentration in Canada Wealth and political influence tend to reinforce each other. Tracking who owns wealth and how that distribution is changing is more important than ever for the health of our democracy and the future ...

The wealthiest 1% of families in Canada owned 22.7% of wealth in 2023, up from 19.3% in 1999, seeing a total increase of $3 trillion over that period.

Find our new report modelling of extreme wealth inequality from @c4tf.bsky.social and @bcpolicy.bsky.social:

bcpolicy.ca/2026/02/11/tax-the-rich/

The new robber barons: a quarter century of wealth concentration in Canada Wealth and political influence tend to reinforce each other. Tracking who owns wealth and how that distribution is changing is more important than ever for the health of our democracy and the future of Canada.

Wealth inequality is a growing issue in Canada and our tax system must be overhauled to tax high-end wealth and capital income more effectively in order to benefit the public good, shows a new report by Silas Xuereb & Alex Hemingway

The new robber barons: A quarter century of wealth concentration in Canada A quarter century of wealth concentration in Canada Billionaires. Wealth taxes. Stock market booms and busts. In one form or another, wealth is in the headlines day after day. But what actually is wea...

Our friends @c4tf.bsky.social have a new report examining the true levels of wealth inequality in Canada, and it's impact on our democracy.

One shocking stat: billionaire wealth grew 37.2% between 2023 and 2025 while total household wealth only grew 9.3%.

www.taxfairness.ca/en/resources...

The new robber barons: A quarter century of wealth concentration in Canada A quarter century of wealth concentration in Canada Billionaires. Wealth taxes. Stock market booms and busts. In one form or another, wealth is in the headlines day after day. But what actually is wea...

Wealth concentration in Canada is problem - @c4tf.bsky.social has a new report out on exactly how much of a problem and what we should do about it: www.taxfairness.ca/en/resources...

The new robber barons: A quarter century of wealth concentration in Canada A quarter century of wealth concentration in Canada Billionaires. Wealth taxes. Stock market booms and busts. In one form or another, wealth is in the headlines day after day. But what actually is wea...

After 25 years of extreme wealth concentration, the top 1% own 23% of the wealth—up $3 trillion.

Our new report w/ @bcpolicy.bsky.social sounds the alarm: to protect our democracy & sovereignty, we need to stop our slide into US-style oligarchy.

Read it now:
www.taxfairness.ca/en/resources...

A deficit paid by workers and a bailout for the wealthy Canada’s deficit is projected to rise by $17 billion, yet ordinary Canadians face cuts to essential services while the ultra-wealthy and multinational corporations avoid billions in taxes. Closing loo...

C4TF’s Jared A. Walker & @silasxuereb.bsky.social in @canadiandimension.bsky.social on why a deficit shouldn’t be shouldered by workers and why the wealthy should foot the bill instead canadiandimension.com/articles/vie...

Terence Corcoran: Help! I’m rich, so tax me more. Pretty please… Here’s a message for socialist millionaires: send in the money voluntarily, or shut up. Read more from Terence Corcoran

Wow! Someone's cranky!

While we appreciate the free press from Terence, let's see if we can improve his mood point by point.

financialpost.com/opinion/tere...

Excellent interview! @taxjustice.net @theguardian.com 💥💥

In our latest for The Breach, Jared and I do a deep dive on how continued tax haven abuse is not just despite our government policy - it's because of our government policy.

Our ED, Jared Walker, and researcher, @silasxuereb.bsky.social, on the billions lost to tax havens. Check it out in @breachmedia.ca! 👀

Canada has a tax haven problem — and it's costing all of us.

Listen to Jared Walker of @c4tf.bsky.social on the Perspectives Journal podcast: perspectivesjournal.ca/canadas-tax-haven-dilemma/

How Rich Canadians Got Even Richer | The Tyee Canada’s income gap reached a record high this year. How did we get here?

"The richest, and the top one per cent in particular, have captured a significantly outsized proportion of economic growth,” — @silasxuereb.bsky.social with @c4tf.bsky.social

thetyee.ca/News/2025/08...

#BCLab #CanEcon

How Rich Canadians Got Even Richer | The Tyee Canada’s income gap reached a record high this year. How did we get here?

Our policy analyst, @silasxuereb.bsky.social, spoke to @thetyee.ca about the ever-growing income gap in Canada thetyee.ca/News/2025/08...

Opinion: Why do we keep letting Canada’s ultrarich use tax havens to stash wealth? Carney needs to end a near-universally loathed loophole that allows the wealthiest and largest corporations to avoid paying billions

"The ultrawealthy and large corporations that benefit the most from our economy are able to move their assets to low-tax jurisdictions to avoid paying billions in taxes, while the rest of us are left holding the bag." @c4tf.bsky.social

www.theglobeandmail.com/business/com...