The Liberal government says they intend to tax the rich when it comes to paying for the COVID-19 costs.
In an interview with Sault Online, Minister of Middle Class Prosperity and Associate Minister of Finance Mona Fortier explained what the government has done to this point.
She also made note going forward targeted investments will be made to help the economy rebuild.
When asked about how the government intends to pay back the money it has already spent, she pointed out two possible new income sources.
“This includes also identifying additional ways to tax extreme wealth inequality, including by concluding work to limit the stock option deduction for wealthy individuals at large and established corporations,” said Fortier. “Also addressing corporate tax avoidance by digital giants.”
The government intends to release an update this fall to the COVID emergency response plan.
It will outline the economic and fiscal positions as well as provide projections.
“Right now is not a time for austerity, the Prime Minister was very clear. We will continue to make these investments so Canadians don’t have to shoulder that,” said Fortier.
They want to make sure Canadians do not have to choose between paying their bills and putting food on the table.