This is a page from the 2021 Canadian federal election.

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Taxation

Liberal

  • Raise corporate income taxes on banks & insurance companies who earn more than $1B/year, & introduce a temporary Canada Recovery Dividend for those companies to pay.
  • Require anyone who qualifies for the top tax bracket to pay at least 15% per year, regardless of deductions & credits.
  • Tax luxury cars, boats, & planes.
  • Eliminate flow-through shares for oil, gas, & coal projects.
  • Tax vaping products.

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Conservative

  • Make the Taxpayer Ombudsman an officer of Parliament with order-making authority.
  • Launch a review of the tax system to improve competitiveness, reduce rates, and simplify rules.
  • Revise CRA penalties.
  • Allow businesses with less than $60k in revenues to use simple cash accounting.
  • Study introducing new taxes on frequent flyers, non-electric luxury vehicles, & second homes.

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NDP

  • Introduce a temporary 15% tax on large corporate windfall profits during the pandemic.
  • Pursue large corporations that used wage subsidies to pay executive bonuses or shareholder dividends.
  • Increase the capital gains inclusion rate to 75%.
  • Increase the top marginal rate 2pp.
  • Introduce a luxury goods tax.
  • Introduce a 1% wealth tax on those with over $10M.
  • Return corporate income taxes to 2010 levels.

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Green

Place a 10% tax on sugary drinks.
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