Taxes are a hot-button issue. And your parliamentarians aren’t shy about debating it: Our friends at Maclean’s have calculated that MPs said the word “tax” 2,617 times in the House of Commons over the first six months of 2015.
This election, the fate of several government pocketbook initiatives hangs in the balance. Prior to dissolving Parliament, Prime Minister Stephen Harper introduced a series of tax concessions, including an enhanced UCCB, income splitting for families and an increased TFSA limit. On the TFSA, the Conservative Party alone would keep the contribution limit at $10,000. The other three parties would restore contribution room to $5,500.
Read: Politics could shrink TFSA contribution room
To learn more about the parties’ tax pledges, we spoke to:
- Deborah Coyne, senior policy advisor, Green Party of Canada
- John McCallum, Liberal Party of Canada candidate in Markham-Thornhill and past National Revenue minister
- Mélanie Richer, press secretary, New Democratic Party of Canada
The Conservative Party did not respond to multiple requests for comment.
Bookmark this page — we’ll continue to update it as the parties release more information about their spending priorities.
Income taxes
How will personal tax rates change, if at all?
Conservative Party |
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Green Party |
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Liberal Party |
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New Democratic Party |
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Credits and deductions
What will you do about the UCCB? The TFSA limit? What other taxes, credits and/or deductions do you plan to introduce and/or repeal?
Conservative Party |
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Green Party |
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Liberal Party |
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New Democratic Party |
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Income splitting
What is your position on senior and family income splitting?
Conservative Party |
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Green Party |
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Liberal Party |
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New Democratic Party |
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Business taxes
How will corporate and small business tax rates change, if at all?
Conservative Party |
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Green Party |
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Liberal Party |
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New Democratic Party |
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Want more? Check out Advisor’s 2015 Election Guide.