• Register
Return to: Home > News > CPA Canada calls on federal and provincial governments to tackle the ‘primarily urban’ issue of income inequality

CPA Canada calls on federal and provincial governments to tackle the ‘primarily urban’ issue of income inequality

CPA Canada has released a policy research looking revealing a rise of income inequality in Canada and especially in the urban centres.

Income Inequality in Canada: The Urban Gap revealed that the increase in income inequality in Canada is not only centred on cities but it is almost exclusive to the cities.

“Calgary posts an increase in after-tax inequality four times higher than the national average since 1982, while Vancouver and Toronto follow closely behind with increases that are 2.5 and three times higher, respectively,” the report read.

However less populated communities are also feeling the inequality pressure, CPA Canada’s report warned.

“The challenge here is that few of the tools that are able to address rising inequality lie with municipalities. The onus then is on federal and provincial governments to recognize that rising inequality is primarily an urban problem. In addition to the broad-based measures in its inclusive growth agenda, government needs to exercise more precision in applying their tools, be it tax policy or affordable housing strategies,” the report recommended.

Top Content

    The Accountant World Survey 2017

    Four years since it was last published, The Accountant world survey makes a comeback in these pages. This time the survey spans across 146 countries and covers 123 professional accountancy organisations (PAOs). Where we could, we provided a comparison with the 2014 survey to highlight growth trends amongst professional accountancy organisations.

    read more

    South African regulator to boost sanctions

    The South African regulator, the Independent Regulatory Board for Auditors (IRBA), has proposed to lift the limit on the level of fines it can issue as part of series of measures to beef up sanctions at its disposal. The announcement came the day before IRBA announced an investigation into the conduct of Steinhoff auditor Deloitte.

    read more

    IFAC offers alternatives to Monitoring Group’s proposed reforms

    The International Federation of Accountants (IFAC) has published its initial views to the Monitoring Group Consultation Paper on changes to the international audit and ethics standard-setting process.

    read more

    Editor's letter: Barking dog lacks the bite needed

    The EU Commission just barked but failed to bite ...

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.