FINA Committee News Release
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Standing Committee on Finance
Comité permanent des finances
For immediate release
Income Inequality in Canada
Ottawa, March 18, 2013 -
Today, the House of Commons Standing Committee on Finance announced that it will begin a study on income inequality in Canada in April 2013.
“I am pleased that the Committee will be undertaking this important study,” said Mr. James Rajotte, M.P., Edmonton-Leduc and Chair of the Committee. “This study is motivated by the June 2012 motion introduced in the House of Commons by Mr. Scott Brison, M.P. for Kings-Hants, who is a member of the House Finance Committee.”
In particular, the study will:
- review Canada’s federal and provincial systems of personal income taxation and income supports;
- examine best practices that reduce income inequality and improve per capita gross domestic product;
- identify any significant gaps in the federal system of taxation and income support that contribute to income inequality;
- identify any significant disincentives to paid work in the formal economy that may exist as part of a “welfare trap;” and
- provide recommendations on how best to improve equality of opportunity and prosperity for all Canadians.
Those who wish to submit a brief to the Committee on this topic should do so no later than noon on Friday, April 5, 2013. Briefs, which should not exceed five pages in length, may be published by the House of Commons on the Committee’s Web site.
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