Revenue Policies

New Democratic Party

Raise corporate taxes to 18 per cent from the current 15 per cent and tax capital gains at a rate of 75 per cent. Increase the top marginal tax rate for wealthy, and implement a 1 per cent wealth tax on those with wealth over $20 million. Close offshore tax havens and other loopholes.

Source: https://www.ndp.ca/economy?focus=13934131&nothing=nothing


Conservative Party

Balance the federal budget within five years (unclear of the full impact on government and services). Find $1.5 billion in savings each year by eliminating some of the federal funding received by businesses.

Source: https://www.conservative.ca/scheer-to-cancel-1-5b-in-corporate-welfare-redirect-savings-to-canadians/


Liberal Party

Crack down on corporate tax loopholes. Introduce a new 10 per cent tax on luxury cars, boats, and personal aircraft over $100,000. Make sure that multinational tech giants pay corporate tax on the revenue they generate in Canada.

Source: https://2019.liberal.ca/our-platform/a-responsible-fiscal-plan/

 


Green Party

Balance the budget within five years (unclear ofthe full impact on government and services).

Boost the federal corporate tax rate to 21 per cent from the current 15 per cent. Close tax loopholes that benefit the wealthy. Close offshore tax havens and other loopholes.

Source: https://www.greenparty.ca/en/platform/green-economy

 


 

Continue reading the parties' commitments - Pensions/Seniors