Asset shifting to tax havens has expanded because successive governments have expanded a loophole that allows companies to return profits to Canada tax-free. After this loophole was expanded to 5 tax havens in the early 2010s, an additional $47.1B was shifted to these countries in the next 5 years

We could start by shifting the tax burden back towards the top 1%, who currently pay a total tax rate about half the rate of a median earner in Canada.

During the neoliberal era, Canada’s economic growth has been disproportionately captured by the top 1%. After-tax incomes for half of Canadians have increased at less than half the rate of GDP growth. The difference has gone to the top 1%.