It’s time to make tough decisions.
Instead of taxing what Canadians earn, we should tax what people don’t earn. A land value tax could encourage more housing, lower income tax for 90% of people, and strengthen Canada’s economy.
Land Value Tax went mainstream in 2023
2023 was the best year ever for LVT in mainstream media. We put together an overview of the year’s coverage in major networks, politicians who ran on it, and highlights of our work at Common Wealth Canada.
Common wealth for the common good.
Common Wealth Canada advocates for a land value tax (LVT) to make homes more affordable, and a sovereign wealth fund that pays dividends to Canadians from wealth created by nature and society as a whole.
Why? Land value tax fixes the incentives that have made housing too expensive, while dividends give everyone a stake in our growing and automating economy.
The goal of this project is to expand our common wealth so that our shared resources and economic progress benefit all current and future generations of Canadians.
Natural Common Wealth and Economic Rent in Canada
In this paper, we estimate the total economic rents (or unearned profits) from Canada’s land and natural resources that could be collected as new revenue, without inhibiting productive investment. At $241 billion/year, it could be enough to raise the 0% personal income tax bracket to $250,000/year or generate a dividend of $7,600/year per adult.
Leading supporters of building common wealth
Explore our issues
Housing
Land value tax can help restore affordability by bringing down prices and encouraging new housing supply. LVT could make the median home 40% cheaper and generate enough revenue to eliminate income tax for over 90% of Canadians.
Sovereign Wealth Fund
Canada should have a national sovereign wealth fund that pays dividends and invests for the benefit of all Canadians. The fund could be financed by levies on excess profits generated by nature, technology, or the financial system. It would be a powerful tool to tackle inequality, distribute the gains of innovation broadly, and preserve the commons for future generations.
Common Wealth Dividends
By collecting value arising from Canada’s natural and co-created wealth, we could rebate every adult up to $7,600/year — restoring each person’s share of our common wealth and improving economic opportunity for all.
Explore the Common Wealth Blog
About Us
Common Wealth Canada advocates for dividends from shared wealth and a land value tax, to give everyone a stake in our automating economy and lower the cost of living.
Prior to Common Wealth, members of our core team launched UBI Works, a national non-profit with a mission to make basic income a key election issue in Canada and to see it implemented nationwide.
Read our Introduction to Common Weath for basic income supporters →