FOR IMMEDIATE RELEASE
August 25, 2021
Justin Trudeau says he wants a temporary “Canada Recovery Dividend” tax on the most profitable banks.
But last year, he teamed up with Erin O’Toole to vote against taxing excess pandemic profits made by big corporations and banks.
The PBO estimated that this could have brought in $7.9 billion in 2020 to pay for support and services for people.
But unlike the NDP plan, Trudeau says he’ll only decide how much he’ll tax the banks "in consultation over the coming months.”
“Justin Trudeau let wealthy corporations off the hook while they profited off the pandemic. His record shows that he’ll keep giving the banks and the ultra-rich a free ride, leaving everyone else stuck with the cost of the pandemic. People can’t afford his empty promises anymore.”
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