50 of Canada’s largest companies made record profits in 2020; many benefited from lower tax rates, tax havens, CEWS

50 of Canada’s largest companies made record profits in 2020; many benefited from lower tax rates, tax havens, CEWS

Fifty of Canada’s largest companies made record profits during the pandemic while many paid lower effective tax rates, many benefited from tax havens, and a handful received support through the Canada Emergency Wage Subsidy (CEWS) program, according to new research by economist D.T. Cochrane, Policy Researcher for Canadians for Tax Fairness (C4TF).

Help Grow Progressive Daily News