Rethinking Canada’s Tax System: What Works, What Doesn’t, What’s Next

Prime Minister Mark Carney chose his words well to describe this shocking moment in Canada’s economy. “Rupture” is an apt way to describe what’s overwhelming us, with tariffs undercutting our exports, weak growth taking a toll on the job market and uncertainty undermining long-term investment.

The Canadian Tax Observatory welcomes today’s announcement from Prime Minister Mark Carney and Finance Minister François-Philippe Champagne to substantially increase the GST credit, now called the Canada Groceries and Essentials Benefit.

What the numbers say about wealth, inequality and affordability since the pandemic. Some number-crunching by the Canadian Tax Observatory and the Centre for the Study of Living Standards.