ROLL BACK CORPORATE PROFITS
ROLL BACK MILITARY SPENDING
FOR PEACE AND PROSPERITY
NOT WAR AND AUSTERITY
Corporate profits in Canada reached $ 577 billion in 2023 thanks to the Bank of Canada which is driving the recession with high interest rates causing growing unemployment and layoffs.
A Parliament dominated by the Big Business parties have cut corporate taxes, provided huge public subsidies to the biggest corporations, and done little or nothing to collect $111.2 billion in unpaid taxes accrued between 2014 to 2018, or the $6.4 billion to $17.2 billion hidden in corporate tax havens.
2023
2023
MASSIVE MILITARY SPENDING
Military spending reached $36.7 billion last year, with NATO demanding $70 billion to reach 2% of Canada’s GDP. Defence spending is already slated to rise to $58 billion by 2029. Canada has pledged to hit NATO’s target which would mean almost doubling Canada’s current defence spending, which has already risen by 40% in less than 10 years, and which doesn’t include the $70 billion to buy and service 88 fighter jets, the $300 billion tagged to buy and service 15 warships, or the unknown billions to be spent on the planned purchase of new, potentially nuclear-powered, submarines. Or the $8 billion spent – and $3 billion more promised – for the Ukraine war.
These expenditures will make big profits for the arms industry in Canada and the US, and will be subsidized from cuts to healthcare, education, EI, CPP, and more. These expenditures have nothing to do with defence, and everything to do with imperialism’s drive to war.
