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Canada's industry minister 'disappointed' in grocers' cost stabilization measures (www.ctvnews.ca)
submitted 9 months ago by sik0fewl@kbin.social to c/canada@lemmy.ca
37 comments fedilink hide all child comments

Industry Minister Francois-Philippe Champagne says he's 'disappointed' in the lack of transparency Canadian grocery store giants have offered so far when it comes to tackling food inflation. He's sending a letter to Canada's Commissioner of Competition to express his dissatisfaction.

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[-] girlfreddy@lemmy.ca 7 points 9 months ago

The gov't can request info from the CRA on profits the big grocers make, compare them to pre-pandemic numbers and adjust their tax rate.

The other way is to reintroduce taxation rules from the 70's (pre Reagan/Thatcher trickle-down stupidity) and force the companies to pay more for larger profits.

[-] Chigaze@mstdn.ca 1 points 9 months ago

@girlfreddy @chris As far as I know all taxpayer information is confidential even from the government.

[-] baconisaveg@lemmy.ca -4 points 9 months ago

The gov’t can request info from the CRA on profits the big grocers make, compare them to pre-pandemic numbers and adjust their tax rate.

You can't adjust the tax rates of INDIVIDUAL companies.

this post was submitted on 29 Jan 2024
83 points (96.6% liked)

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