The outgoing Canadian Prime Minister wants to increase the tax rate on banks and insurance companies from the current 15% to 18% for establishments with profits of more than $ 1 billion per year.
In other words, the seven major Canadian banks.
Their earnings have continued to grow.
The largest of them, the Royal Bank of Canada, raked in profits of C $ 4.3 billion (€ 2.9 billion) in its last quarter and $ 12.2 billion for first three quarters of its 2021 fiscal year (which began on October 31).
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We are going to ask our largest financial institutions, which have recovered faster and more vigorously than many other sectors, to pay a little more so that
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