If you have concerns related to your privacy please contact us at info@thetyee.ca. 1 2 … 68 » Search. BC Liberal MLA Jane Thornthwaite’s sexist jokes about NDP MLA Bowinn Ma ignite outrage. expressly prohibited without the prior written consent of Toronto We also examined the difference between billionaires’ wealth now and last year’s Forbes report that looked at their wealth on Feb. 8, 2019. Macdonald said this means that astronomical executive pay is subsidized through the tax system, which taxes these earnings at a much lower rate. But Katherine Scott, a senior researcher at the Canadian Centre for Policy Alternatives… presentation-ready copies of Toronto Star content for distribution The top 20 have collectively amassed over $28 billion in wealth gains in the last 19 months and the top 20 billionaires’ total wealth now stands at $178 billion. “The most potent factor shaping quality of care and safety of both residents and staff working in long-term-care facilities is staffing levels,” the centre’s senior economist, Sheila Block, said in the 12-page study called “What Does It Cost to Care?”. That's because both stock options and the stocks themselves are subject to tax loopholes that average workers can't access, he said. As a growing body of research shows, the key barriers to instituting wealth taxes are not technical or economic — they are a matter of political will.

There’s still a long way to go to achieving the promised $10-a-day care, but government gets good marks. Michal Rozworski is a researcher at the … By 10:09 a.m. on January 2nd, Canada's highest paid CEOs had made as much money as the average Canadian will earn all year, according to a new report by the Canadian Centre for Policy Alternatives. Ontario nursing homes need an extra $1.8 billion a year to hire more staff and improve care of vulnerable residents in the wake of COVID-19 horrors, says the Canadian Centre for Policy Alternatives. Canadians are frequently told that “we’re all in this together” when it comes to the COVID-19 crisis. The two are profoundly linked, as Hope Jahren’s new book clearly explains. However, the explosion in the wealth of billionaires illustrates how the crisis has only magnified the ways in which a wealthy minority lives in a very different world. As Statistics Canada data show, women and racialized Canadians are overrepresented among low-wage workers.

The report is the first publication from the Centre’s new PowerShare research program, undertaken in partnership with the Atkinson Foundation and the Canadian Centre for Policy Alternatives. That beat the previous record for top executive salary, which averaged $10.4 million in 2016. Alex Hemingway is the public finance policy analyst for the B.C. In past crises, Canada and other countries increased taxes on the income and wealth of the richest as a way of fairly spreading the burden of reconstruction and recovery. The Star published an investigation into long-term care in 2003. CEO compensation continues to grow exponentially faster than average pay. The increase of 41 per cent would allow the 626 long-term-care homes to provide at least four hours of hands-on care daily for their 80,000 vulnerable residents, a new study from the think tank recommends. It's not just because they happened to have been a CEO someplace else.". I plan to vote in-person on general voting day. The Toronto Star and thestar.com, each property of Toronto Star

And the growing revolt. There’s rarely been a more important time to exercise it. Shown in Canadian dollars. "The trend is pretty clear that there is no stopping CEO pay increases, and there doesn't seem to be any indication also on the other side that worker pay is going to start going up somehow much more rapidly than inflation.". The article originally appeared in Policy Note. Michal Rozworski is a researcher at the BC Teachers' Federation and a CCPA-BC research associate. Galen Weston’s Loblaws grocery and drug store chain saw its shares rise after it ended the pandemic pay in June. The high toll the virus took on nursing-home workers left some facilities desperately short of staff, with the hardest-hit down as low as 20 per cent and prompting Ford to call in medical teams from the Canadian Armed Forces.

Star Newspapers Limited and/or its licensors. Winning a wealth tax is within reach, with enough organized public pressure. Fall and winter celebrations, such as Rosh Hashanah, Yom Kippur, Halloween, Día de los Muertos, Navratri, Diwali, Thanksgiving, Día de la Virgen de Guadalupe, Hanukah, Kwanzaa, Christmas, and New Year’s, typically include large gatherings of families and friends, crowded parties, and travel that may put people at increased risk for COVID-19.

Their gains reflect the increasingly clear decoupling of the stock market from the real economy. Nicole Halbauer doesn’t shy away from LNG, and says health care, housing and child care are all needed in communities dealing with boom times. The study by the left-leaning think tank also called for wage increases to bring non-unionized nurses, personal support workers and other staff up to levels of unionized staff, which would cost $285 million out of the $1.8 billion. The total wealth growth of Canada’s richest 20 billionaires has ballooned by $37 billion since the March COVID-19 lockdown at the same time as workers have borne the brunt of the pandemic. to colleagues, clients or customers, or inquire about General considerations for fall and winter holidays. She’s covered education, youth and housing issues for a decade now, and we’re lucky to have her. When Jim Pattison’s grocery chains, Save-On-Foods and Quality Foods, cut back pandemic pay at the same time, he told reporters that he was “not involved” in the decision, while conceding that “we own and finance the company.”. Brandie Weikle is a senior writer for CBC News based in Toronto. Lululemon founder Chip Wilson has also done exceptionally well, with a nearly $3-billion gain.

Although changes to tax law have been promised since 2015, Macdonald said he's optimistic there will be changes to loopholes in 2020. The new benefits floor of $400 per week is well below the poverty line for single persons living in most areas of the country and particularly in urban centres. While the average Canadian worker saw their pay rise 2.6 per cent between 2017 and 2018, keeping just ahead of inflation, top CEOs received an 18 per cent pay boost in that same time period.

POLICY FIX A blog for progressive Canadians by the Canadian Centre for Policy Alternatives Manitoba Office CCPA-MB Website > ... A blog for progressive Canadians by the Canadian Centre for Policy Alternatives Manitoba Office. I plan to vote in-person during the advance voting period. Some did better than others, with the biggest gains going to the Thomson family that controls Thomson Reuters and the Globe and Mail (an estimated $8.8-billion increase in wealth), followed closely by Shopify’s Tobi Lutke ($6.6-billion increase), mirroring some of the huge gains among big-tech firms like Amazon and Apple south of the border. Canadians face big challenges that demand we take action together, through our shared institutions, including strengthening public health care, creating universal public childcare, building affordable housing, converting carbon-intensive industries and otherwise confronting the climate crisis. Data from Forbes’ annual billionaires list and their "real-time billionaires” reports shows that Canada’s top 20 billionaires have amassed an average of just under $2 billion in wealth gains during an economically catastrophic six months in Canadian history. New Democrats and Green Leader Mike Schreiner have been calling for a minimum standard of four hours a day.

Council votes to buy or lease hotels, apartment buildings and single-room occupancy hotels. Hospitals sent “SWAT teams” of doctors, nurses, infection control, cleaning and other staff into dozens of long-term-care homes, with several becoming the subject of provincial takeover orders and under day-to-day management of local hospitals to stabilize care levels. Now, Doug Ford may close a key avenue their mourners have for justice.

All information submitted to The Tyee is only available to employees or sub-contractors who are bound by agreement with The Tyee to keep the information private. At a time when Canada’s richest one per cent control 26 per cent of our wealth and when billionaires hold 4,448 times the wealth of the typical family, both an emergency, one-time excess wealth tax and an annual wealth tax should be on the table. Indeed, the recovery in total work hours stalled between July and August, even as some improvement in jobs numbers continued. If that's the case, who is signing off on these big pay bumps?

There is some truth to this — ultimately, anyone can get sick. Instead, downvote, or flag suspect activity, Attempt to guess other commenters’ real-life identities. The message, however, was clear: increases in the value of these companies were intended for the pockets of their owners, not their workers. I plan to vote by mail. Tyee Reporter Katie Hyslop Celebrates 10-Year Tyeeversary, Use sexist, classist, racist or homophobic language, Troll patrol. The economic and social arrangements that produce these outcomes are not laws of nature; they are the predictable results of policy choices. Their wealth has bounced back and expanded by billions of dollars while millions of Canadians struggle with the consequences of the pandemic. The study was released Tuesday as Premier Doug Ford prepares to launch a promised “independent commission” in July into the pandemic’s impact on nursing homes, where the killer virus spread easily. “Now is the time to go beyond words and support them in a very real way, and that means better jobs and more co-workers.”.

As we have argued elsewhere, taxing wealth is enormously popular. But during that same 10 years, Canada's top 100 CEOs got a 61 per cent raise. Alex Hemingway is the public finance policy analyst for the B.C. What’s changed since then? But the CCPA found there doesn't seem to be much poaching happening in C-suites here. Toronto Star articles, please go to: www.TorontoStarReprints.com, After three painful months, some family can finally visit loved ones in Ontario nursing homes — but restrictions remain, They died in seniors homes gripped by COVID-19. Gitxsan and Wet’suwet’en members join action to support Ontario nation locked in conflict over development on its traditional territory. While the situation has improved from its worst level of 5.5 million affected jobs in April, the pace of recovery is slowing. Measures have been enacted to ensure the integrity of personal information and to protect it from misuse, loss or alteration. I already registered online/by phone. In a Canadian Centre for Policy Alternatives-commissioned poll of British Columbians conducted in late May and early June, there was strong support for measures that would effectively override the billionaires and back these workers, with 59 per cent of respondents supporting an “increase in the minimum wage for all frontline retail workers to $20/hour immediately.” There was also overwhelming public support for requiring all employers to provide paid sick leave for their workers (77 per cent) and increased health and safety protections for all workers (83 per cent). Republication or distribution of this content is "It's booked into the fiscal framework now, so it is something they will either have to go through with or pretty explicitly back down from.". Copyright owned or licensed by Toronto Star Newspapers Limited. Box 500 Station A Toronto, ON Canada, M5W 1E6. Those in favour of CEO pay increases often say the big pay bumps are required to keep CEOs from fleeing to greener pastures. ... Posts navigation. Low-wage workers have been hit hardest, with employment among those making less than $16.03 per hour still substantially below the pre-pandemic level, while the highest wage groups have recovered to pre-pandemic employment levels. They understand the companies they work for, the industry, their competitors, the products that they sell, and that's what makes them suitable for the CEO chair.

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