The hope of liberal leadership Karina Gould says that the Federal Tax on Sales of goods and services would temporarily reduce if your commitment to replace Prime Minister Justin Trudeau is successful.
The Federal Property Tax (GST) is currently five percent. In some provinces it is included in a harmonized sales tax (HST) where a provincial portion is collected together with the federal tax.
Gould said that if he becomes the next prime minister, he would reduce the GST to four percent for a year.
“For the Canadians I hear from, this is a real and tangible measure that demonstrates, as a leader, I listen to them when they say things are expensive and need a break,” Gould said during a press conference on Thursday.
“[A GST cut] It is one of the things that the federal government can do immediately to offer that support to Canadians, “he said.
The Liberal Leadership Contest Karina Gould announced Thursday that, if he chose the Prime Minister, the GST would decrease to four percent for a year and permanently increase the corporate tax rate for companies with profits of more than $ 500 million.
In December, the liberals promulgated a temporary party of GST, eliminating the tax for two months in certain items, including toys and children’s clothing. Gould had previously promised to permanently eliminate the federal sales tax of the articles of some children.
Gould’s proposal to reduce the tax at a percentage point for one year would cost $ 11 billion, according to Calculations made by the parliamentary budget officer (PBO).
In addition to GST’s temporary cut, Gould said that the corporate tax rate would also permanently increase, from 15 % to 17 %, in companies that earn more than $ 500 million per year in profits.
“I think it’s time for these very rich corporations to pay their fair part,” Deputy Burlington, Ontario on Thursday. She said the change would increase federal income by $ 6 billion annually.
Liberals will announce their new leader on March 9. A party spokesman told CBC News Thursday that there will be two debates, one in English and one in French, which will take place at some point after February 17.
Until now in the race to replace Trudeau, the former Minister of Finance, Chrystia Freeland, and the former governor of the Bank of Canada, Mark Carney, have been largely seen as the main ones.
Currently, Carney has the support of 62 members of the Liberal Caucus and Freeland has the support of 26. Gould has only secured two endorsements of Caucus.
When asked about his position in the race, Gould argued that his campaign is attractive for grassroots liberals.
“He is a member, a vote in the Liberal Party of Canada and there are thousands of people throughout the country who have raised their hands to say they are inside,” he said.
“We do not need a coronation … what we need is a debate of ideas. It is what the liberal membership and that is what Canadians deserve.”
Gould was also asked if he would call an election before Parliament returned in March if he won the race. The former liberal house leader said his decision would depend on the context.
“If we are in a complete commercial dispute with the United States, where should that leader and the energy of our government be?” She said.
“I think we will have to find out where we are on March 9.”
