Key Actions Since 2015 to Build a Fairer Tax System

  • Increased taxes on the top 1% of earners so that middle class people could get a break.
  • Closed tax loopholes used predominantly by wealthy individuals and companies such as the stock option deduction.
  • Modernized the tax system to recognize the growing importance of digital tech giants and made sure Canadian companies are able to compete on an equal basis with their competitors online.
  • Helped to set a global minimum corporate tax.