Factbox: Canada's political party positions ahead of October 21 election 

World+Biz

Reuters
17 September, 2019, 11:50 am
Last modified: 17 September, 2019, 11:51 am
Canadians head to the polls on Oct. 21 for the 42nd federal election

Canadians head to the polls on Oct. 21 for the 42nd federal election, with Prime Minister Justin Trudeau's Liberal Party facing a tough re-election battle against the main opposition Conservatives led by Andrew Scheer. Here is a roundup of the main parties' positions.

LIBERALS

CLIMATE - Continue increasing the carbon tax they implemented in 2018.

OIL - Complete the Trans Mountain pipeline expansion.

HOUSING - Introduce a 1% tax on foreign buyers. Give first-time purchasers up to 10% off a house.

HEALTHCARE - No major policy announcements yet.

AFFORDABILITY - Create 250,000 additional after-school care spaces for children under 10. Sources say the Liberals will move to cut the cost of wireless services.

ECONOMY - Provide 2000 entrepreneurs with C$50,000 to launch a new business.

IMMIGRATION - No major policy announcements yet. The government has gradually increased the number of migrants and refugees accepted to the equivalent of 1% of the population annually.

TAXES - Cut small business tax to 9% from 11%.

CONSERVATIVES

CLIMATE - Eliminate the carbon tax. Focus on incentives rather than punishment for exceeding carbon limits.

OIL - Complete the Trans Mountain pipeline expansion. Repeal the new pipeline approval process brought in by the Liberals.

HOUSING - Increase the supply of homes by allowing new homes onto the market faster. Make it easier to qualify for mortgages.

HEALTHCARE - Increase federal transfers to the provinces.

AFFORDABILITY - Make maternity benefits tax-free. Create a tax credit for children's fitness programs.

ECONOMY - No major policy announcements yet.

IMMIGRATION - No major policy announcements yet.

TAXES - Reduce tax on incomes below C$47,000 to 13.75% from 15%. Remove General Sales Tax from heating bills.

NEW DEMOCRATS

CLIMATE - Invest $15 billion in climate-change measures.

OIL - End C$3.3 billion in government subsidies to the oil and gas industry.

HOUSING - Create 500,000 units of affordable housing over the next decade. Implement a foreign buyer's tax.

HEALTHCARE - Create a national pharmacare system. Include dental, mental health, eye and hearing care and fertility procedures in the Canada Health Act.

AFFORDABILITY - Invest C$1 billion in childcare. Implement a price cap on cellphone plans. Eliminate post-secondary tuition.

ECONOMY - Create 300,000 jobs building clean-energy utilities and retrofitting buildings to be energy efficient.

IMMIGRATION - Remove the cap on family reunification applications. Suspend Safe Third Country Agreement with the United States.

TAXES - Increase corporate income tax rates to 2010 levels. Implement a 1% wealth tax on incomes over C$20 million.

GREENS

CLIMATE - Invest in a 100% renewable electricity grid. Cut federal emission-level goals to 60% below 2005 levels by 2030. Ban the sale of non-electric cars by 2030.

OIL - End C$3.3 billion in subsidies to the oil and gas industry.

HOUSING - Implement a strategy targeting those experiencing chronic homelessness.

HEALTHCARE - Include pharmacare and basic dental coverage in national health coverage.

AFFORDABILITY - Implement a universal basic income. Eliminate post-secondary tuition.

ECONOMY - Establish a Green Venture Capital Fund to support small green businesses.

TAXES - Hold taxation for small businesses at 9%. Impose a financial transactions tax of 0.2%. Apply corporate tax to transnational e-commerce companies like Netflix Inc and Alphabet Inc's Google.

PEOPLE'S PARTY OF CANADA

CLIMATE - Withdraw from the Paris Accord. Abolish green tech subsidies. Remove the carbon tax.

OIL - Create a streamlined process for approving pipelines.

HOUSING - No major policies announcements yet.

HEALTHCARE - Create incentives for provinces to deal with rising healthcare costs.

AFFORDABILITY - No major policy announcements yet.

ECONOMY - Expand the accelerated capital cost allowance to all sectors. Abolish the maple syrup cartel.

IMMIGRATION - Lower the total number of immigrants and refugees to less than 150,000. Repeal Multiculturalism Act.

TAXES - Cut federal income to 0% on incomes below C$15,000 and to 15% on incomes from C$15,000 to C$100,000. Decrease corporate tax to 10% from 15%.

 

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