September 20 (Reuters) – Top political priorities for major Canadian parties in the September 20 federal election.
ECONOMY – Help create over a million jobs by extending a take-over hiring program to allow businesses to hire more workers. Help the culture and tourism sectors.
IMPTS – Raise the corporate income tax that the largest banks and insurance companies pay on profits over C $ 1 billion by three percentage points to 18%. Create a minimum tax rule to ensure top earners pay at least 15% per year, removing their ability to use deductions and credits to avoid paying tax. Read more
COVID-19 & HEALTH – Mandate 10 days of paid sick leave. Commit to training up to 50,000 new personal support workers and guarantee them a minimum wage of C $ 25 per hour. Hire 7,500 family physicians, nurses and nurse practitioners. New permanent funding to provinces to boost mental health care.
CHILD CARE – Investing up to C $ 30 billion over five years to help deliver C $ 10 child care services anywhere outside the province of Quebec, which already has its own system.
HOUSING – Create a rental program with an option to buy, ban new foreign ownership of housing for two years, institute an anti-rollover tax and improve the transparency of the tendering process. Build or renovate 1.4 million homes over four years. Read more
CLIMATE CHANGE – Ensure that the oil and gas sector reduces greenhouse gas emissions to a net zero level by 2050. Require that at least half of all passenger vehicles sold be zero emissions by 2030, and everyone to be zero emissions by 2035.
ECONOMY – Create 1 million jobs in one year. Pay up to 50% of salaries for new hires for six months. Eliminate the Canada Infrastructure Bank. Connect all of Canada to high-speed internet by 2025.
IMPTS – Tax digital businesses at 3% of gross income in Canada if they don’t pay corporate income tax. Grant a 5% tax credit for any capital investment made in 2022 and 2023.
CLIMATE CHANGE – Create a “low carbon personal savings account” into which people contribute whenever they buy hydrocarbons and which can be used for subsequent purchases of “durable” goods and services. Ditch the current carbon pricing program. Introduce a tax credit to accelerate the deployment of carbon capture, use and storage technologies.
COVID-19 & HEALTHCARE – Add C $ 60 billion to health care funding transfers to provinces over 10 years.
CHILD CARE – Convert the existing deduction for child care expenses into a refundable tax credit covering up to 75% of child care expenses for low income families.
HOUSING – Build 1 million houses over three years. Prohibit non-resident foreign investors from buying housing for two years. Relax mortgage stress testing rules and increase eligibility for insured mortgages.
ECONOMY – Create over a million new jobs with a focus on the fight against climate change. Make sure no one on UI gets less than CA $ 2,000 per month.
IMPTS – Implement a 15% COVID-19 excess profits tax on windfall profits of businesses during the coronavirus pandemic. Increase the top marginal tax rate by two percentage points to 35%.
CLIMATE CHANGE – Set a target to reduce greenhouse gas emissions to at least 50% of 2005 levels by 2030. Eliminate federal fossil fuel subsidies.
COVID-19 & HEALTH CARE – Introduce a national drug coverage program and mandatory paid sick leave. End private for-profit long-term care.
CHILD CARE – Introduce a universal child care system at $ 10 per day.
HOUSING – Build 500,000 affordable housing units within 10 years. Forgo the federal portion of taxes on the construction of new affordable housing. Add a 20% foreign buyer tax on home sales.
Reporting by Moira Warburton in Vancouver, David Ljunggren and Julie Gordon in Ottawa; Editing by Cynthia Osterman and Paul Simao
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