Pass a corporate profiteering tax in Budget 2024

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As we speak, Finance Minister Chrystia Freeland is preparing to table the next federal budget for April 16.

After years of sky-high inflation and a cost-of-living crisis, we need to make sure that the Liberal government feels the pressure to tackle corporations that have been profiting as the rest of us struggle. Will you add your name and call on Chrystia Freeland and Liberal Cabinet Ministers to pass a corporate profiteering tax in the 2024 federal budget?

Send a message to Freeland and Liberal Cabinet Ministers

Subject

To Minister Freeland and Cabinet Ministers,

I am writing to you to urge you to pass a corporate profiteering tax in the 2024 federal budget.

Canada’s oil and gas companies had a record breaking combined profits of $38.3 billion dollars, while driving the climate crisis and putting our collective future in jeopardy. As Canadians and their families struggle with rising grocery prices, grocery giants are raking in over a projected $6 billion dollars in profit – an 8% increase over the year before.

Imposing a corporate profiteering tax is a common-sense solution to raise revenues and reduce inequality. Polling shows that imposing a tax on excessive profits that were made during the pandemic is supported by 87% of all Canadians across political parties.

A similar policy has already passed in the UK, where a windfall profits tax was brought in for oil and gas companies. The revenue from the tax is being distributed to low-income households struggling with the cost-of-living crisis. There is no reason we can’t do this in Canada too.

A corporate profiteering tax can help reign in out-of-control greed and fund the investments Canadians desperately need. I urge you to do the popular thing and introduce a corporate profiteering tax in Budget 2024.

Sincerely,

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Finance Minister Chrystia Freeland and Cabinet Ministers

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Pass a corporate profiteering tax in Budget 2024

Send a message to Freeland and Liberal Cabinet Ministers

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