Factbox-The platforms of the major parties in Canada's election

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By Reuters
Factbox-The platforms of the major parties in Canada's election
Factbox-The platforms of the major parties in Canada's election   -   Copyright  Thomson Reuters 2021   -  

<div> <p> – Key policy priorities of the main Canadian parties in the Sept. 20 federal election. </p> <p><span class="caps">LIBERALS</span></p> <p><span class="caps">ECONOMY</span> – Help create more than 1 million jobs by extending a recovery hiring program to enable businesses to take on more workers. Provide aid to the culture and tourism sectors.</p> <p><span class="caps">TAXES</span> – Raise the corporate income tax that the largest banks and insurance companies pay on earnings above C$1 billion by three percentage points to 18%. Create a minimum tax rule to ensure the highest earners pay at least 15% a year, removing their ability to use deductions and credits to pay no tax.</p> <p><span class="caps">COVID</span>-19 & <span class="caps">HEALTHCARE</span> – Mandate 10 days of paid sick leave. Pledge to train up to 50,000 new personal support workers and guarantee them a minimum wage of C$25 an hour. Hire 7,500 family doctors, nurses and nurse practitioners. New permanent funding to provinces to boost mental healthcare.</p> <p><span class="caps">CHILDCARE</span> – Invest up to C$30 billion over five years to help deliver C$10-a-day childcare everywhere outside the province of Quebec, which already has its own system.</p> <p><span class="caps">HOUSING</span> – Create a rent-to-own program, ban new foreign ownership of homes for two years, institute an anti-flipping tax and improve transparency of bidding processes. Build or renew 1.4 million homes over four years.</p> <p><span class="caps">CLIMATE</span> <span class="caps">CHANGE</span> – Ensure the oil and gas sector cuts emissions of greenhouse gases to achieve a net-zero level by 2050. Require at least half of all passenger vehicles sold to be zero-emission by 2030, and all to be zero-emission by 2035. </p> <p><span class="caps">CONSERVATIVES</span></p> <p><span class="caps">ECONOMY</span> – Create 1 million jobs within a year. Pay up to 50% of salaries for new hires for six months. Scrap the Canada Infrastructure Bank. Connect all of Canada to high-speed internet by 2025.</p> <p><span class="caps">TAXES</span> – Tax digital companies 3% of gross revenue in Canada if they don’t pay corporate income tax. Provide a 5% tax credit for any capital investments made in 2022 and 2023. </p> <p><span class="caps">CLIMATE</span> <span class="caps">CHANGE</span> – Create a “personal low-carbon savings account” that people pay into every time they buy hydrocarbon fuel and which can be used for later purchases of “sustainable” goods and services. Scrap the current carbon-pricing program. Introduce a tax credit to accelerate the deployment of carbon capture, utilization and storage technology.</p> <p><span class="caps">COVID</span>-19 & <span class="caps">HEALTHCARE</span> – Add C$60 billion to healthcare funding transfers to the provinces over 10 years.</p> <p><span class="caps">CHILDCARE</span> – Convert the existing childcare expense deduction into a refundable tax credit covering up to 75% of the cost of childcare for lower-income families.</p> <p><span class="caps">HOUSING</span> – Build 1 million houses over three years. Ban non-resident foreign investors from buying housing for two years. Ease mortgage stress-test rules and boost eligibility for insured mortgages.</p> <p><span class="caps">NEW</span> <span class="caps">DEMOCRATS</span></p> <p><span class="caps">ECONOMY</span> – Create more than 1 million new jobs with the focus on addressing climate change. Ensure no one on unemployment insurance gets less than C$2,000 per month.</p> <p><span class="caps">TAXES</span> – Implement a <span class="caps">COVID</span>-19 excess profits tax of 15% on corporate windfall profits during the coronavirus pandemic. Increase top marginal tax rate by two points to 35%.</p> <p><span class="caps">CLIMATE</span> <span class="caps">CHANGE</span> – Set target of cutting emissions of greenhouse gases by at least 50% of the 2005 levels by 2030. Eliminate federal fossil fuel subsidies.</p> <p><span class="caps">COVID</span>-19 & <span class="caps">HEALTHCARE</span> – Introduce a national drug coverage program and mandated paid sick leave. End private for-profit long-term care.</p> <p><span class="caps">CHILDCARE</span> – Introduce a universal $10-a-day childcare system.</p> <p><span class="caps">HOUSING</span> – Build 500,000 affordable housing units within 10 years. Waive federal portion of taxes on the construction of new affordable housing units. Add a 20% foreign buyer’s tax on home sales.</p> <p/> </div>