Stop the Corporate Tax Giveaways

Corporate executives in Canada will be dancing in their suites and celebrating Corporate Tax Freedom Day on January 30. A CLC research report shows that by that date corporations will have paid their entire share of taxes for the year to all levels of government.

Corporate income taxes in 2011 amounted to only 8.3% of all government revenues, down from 8.8% in 2010 and an average of 11% in the 1960s and 70s. In return for tax breaks, companies are supposed to be investing their windfall, but studies have shown that rising corporate after-tax profits are not all invested in increased productivity and the creation of good jobs in Canada.

There were 1.35 million unemployed Canadians in December 2012 compared to 1.1 million unemployed in October 2008, just prior to the recession. Today’s unemployment rate of 7.1% remains well above the pre-recession rate of 6%.

The federal corporate tax rate has dropped from 28 per cent in 2000 to 15 per cent today.  Provincial rates have also declined, but not as dramatically.

Between 2001 and 2011, the total cash reserves of private, non-financial private corporations in Canada grew from $187 to $575 billion.

Between 2010 and 2011 alone, there was a one-year increase of $72 billion in cash reserves. This is a figure more than double the entire $33.4 billion federal government deficit for 2010-11.

Click here to read more about corporate tax giveaways.

Rally for Rights and Democracy Jan 26th

Photo of rally:





PDF of event callout.

PDF of Event Flyer (En Francais)

#J26Rally on Twitter

NIAGARA BUSES LEAVING FROM:

St. Catharines 10:30 am
CAW 199, 124 Bunting Rd.

Port Colborne, 9:45 am
USW, 87 Clarence St

Welland 10:15 am
950 E Main St (park on west side)

Fort Erie 9:45 am
194 Garrison Rd (old Zellers)

Niagara Falls 10:15 am
Casino Lot #1 off Stanley Avenue, southwest
corner of Stanley Avenue and 420 Highway

Grimsby 11:00 am
Southwest quadrant Casablanca/QEW at Gateway Niagara

 To reserve a spot, please contact:
 Dan Peat at 905-933-1889 or email at nrlc.clc@gmail.com

Bruce Allen at 905-934-6233 or email at ballen@cogeco.ca

Union advantage in Niagara: $7.47/hour

The Canadian Labour Congress has published a study showing that unionized workers in Niagara earn on average $7.47 per hour more than non-unionized workers.  The study is based on data published by Statistics Canada in 2011.  Union members in Niagara accounted for 31% of all employees, yet earned 39.7% of all wages.

Clearly, it pays to be part of a union.  Want to learn more?  Contact the Niagara Regional Labour Council, and we can put you in touch with an organizer from a union appropriate to your workplace.

Download the Union Advantage factsheet for Niagara.



Resist the Austerity Agenda!


January 15th, join us at Brock University's Pond Inlet.

3-5 pm: Resist the Austerity Agenda
7-8:30 pm: Revitalizing the Labour Movement: Mergers and More.

Town Hall January 12th

Click image or here for PDF of poster.  En Francais



A Bill 115 rally is being held on January 16th at Jim Bradley's office, from 3:00pm to 5:00pm, and at the Ontario Liberal leadership convention on January 26th.