Rethinking how economic progress benefits all Canadians.
Common Wealth Canada is a non-profit advocating for land value tax to improve a broken housing market and address urgent productivity and inequality problems our country faces; and sovereign wealth funds that pay dividends from natural & publicly created wealth.
Why? Shifting taxes from work and productive investments to land fixes the incentives that have made housing too expensive, and together with dividends from common investment funds, give everyone a stake in a 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.
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The opportunity for Canada: a healthier housing system and a future where natural and publicly created wealth is shared.
Housing
The Brief Case for Land Value Tax in Canada
How can shifting taxes to land be a fundamental solution to address inequality, combat the housing crisis, stimulate economic growth, and promote sustainable development? This article explores the rationale, benefits, design considerations, and challenges associated with implementing an LVT in Canada.
How Does Land Value Tax Improve the Housing Market?
A primer on how LVT can promote more housing, reduce speculative demand, and fix incentives that plague our housing system. In doing so, we could eliminate income tax for over 90% of Canadians or pay dividends to every household, while making homes cheaper.
Common Wealth Dividends
A Sovereign Wealth Fund for Canada
We propose a sovereign wealth fund model that invests natural and publicly created wealth to benefit all current and future generations of Canadians. A $2T fund could generate $60-$90B/year to pay dividends to Canadians, and would be comparable to existing funds in smaller economies.
Economic Rents in Canada
In our inaugural report, we estimate the amount of economic rents (unearned profits) arising from Canada’s land and natural resources at over $240B/year, enough to pay every adult $7,500/year in dividends or eliminate income tax for 98% of Canadians.
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Common Wealth Blog
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About Us
Common Wealth Canada is a non-profit that promotes policies rooted in the idea that natural and publicly created value should benefit all citizens — through dividends and tax relief. Doing so would fix the incentives driving our housing and cost of living crises, while stewarding our resources for the benefit of future generations.
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 →