The dust has settled from the federal election, and unfortunately Canadians voted for more of the same. More inflation, more deficits, more debt, more unaffordable housing, more centralized government. Canada needs significant change to empower communities, small businesses, and low-income families. Our current economic system rewards capital more than work. Our current government enriches politicians, bureaucrats, government contractors, and multinational corporations at the expense of everyone else. Canada is also running the risk of devolving into a two-party system. 85% of the vote went to the Liberal and Conservative parties. A two-party system will not serve working class Canadians and will not enact meaningful change. With the rising cost of living, many Canadians are being left behind. Low-income workers should be the government's top priority. Too many Canadians work full-time but still struggle to pay the bills. Here are 6 policies that would make life signif...
All the major parties, with the exception of the Bloc Québécois, are now promising to cut federal income taxes for low-income Canadians, by varying amounts. The Liberals have proposed a very small cut for the lowest income tax bracket, while the Greens want to eliminate income tax for Canadians earning up to $40,000 a year. You can compare all the party positions here: Conservative Party: Reduce the tax rate on the lowest income bracket (up to $57,375) from 15% to 12.75%. Source: party website Liberal Party: Reduce the tax rate on the lowest income bracket (up to $57,375) from 15% to 14%. Source: Financial Post NDP: Raise the basic personal amount (tax-free income) to $19,500. Source: party website Green Party: Raise the basic personal amount (tax-free income) to $40,000. Source: party website People's Party: “Cut personal income taxes… after the deficit has been eliminated, over the course of several budgets, as the fiscal room is found to allow it...