The conservative leader Pierre Poilievre announced his second tax exemption from the campaign addressed to the Sunday of investors, promising to defer tax profits taxes if the income is reinvested in Canada.
“The current capital earnings tax blocks investment in old assets, because selling them would force a large bill,” Pailievre said in a statement.
“Allowing reinvestments without taxes will unlock billions to immediately start building, hiring, investing and growing.”
Conservatives say that the reduction of taxes, which would be available for investors from Canada’s day until the end of 2026, will become permanent if it has proven to be successful to boost economic growth.
The party says that any gain obtained in Canadian investments will remain taxable when the investor charges his investment for good or moves the income of that investment out of Canada.
“This will be like the fuel of economic rockets for Canada,” Pailievre told a audience in Toronto on Sunday. “We will rise above the Americans. We will reverse the lost liberal decade and make this Boom country.”
The conservatives say that the change would cost $ 5 billion in 2025 and $ 5.5 billion in 2026. Pailievre also announced last week that its government would reduce the marginal marginal rate of marginal tax lower by 2.25 percentage points, at a cost of $ 14 billion a year.
Rehend the Trump campaign
On Thursday, Pailievre announced that a future conservative government would allow investors to contribute $ 5,000 more a year to their tax free savings (TFSA) accounts, provided they invest in extra cash in Canadian companies.
The conservatives did not provide a cost for the recharge of TFSA.
CBC News has reported that the sources within the party complain about a “dysfunctional” campaign with too much centralized power and the aggressive treatment of the staff.
In the heart of that informed dysfunction, some conservatives are concerns that the campaign needs to pivot, and focus more on the threat raised by the president of the United States, Donald Trump.
When asked if he intends to focus on Trump and tariffs, Pailievre insisted that his campaign is already doing it.
“Today we are facing the Americans with a reset tax reduction in Canada,” he said. “President Trump has said that he wants the liberals to return to power. We know why; he wants weak Canada.”
Blanchet criticizes Carney during the quiet weekend
Speaking in Danville, which, on Sunday, the leader of Bloc Québécois, Yves-François Blanchet, announced a large number of policies aimed at older people, which include:
- Expanding a fiscal loan for Quebecers of 60 years or more to the rest of Canada.
- Implementation of an automatic income tax declaration for the elderly.
- Add protections for defined benefit pension plans.
- Increased fiscal credit of home care for people over 70 years.
- Introduction of a tax credit for renovations of energy efficiency to multigenerational residences that allow older people to remain in their homes for longer.
- Change federal pension legislation to allow people who get married or enter a customary law relationship after 60 years to receive the benefits of survivors of the heritage of their new spouse.
In the announcement, Blanchet told journalists that liberal leader Mark Carney is giving the Quebec votes not to have news conferences this weekend.
Blanchet said Carney had a “skeleton orgy” in his closet and accused him of hiding from the media.
On Saturday, Carney met with volunteers in his Equitation Office in Nepean. Sunday Carney met with an Ottawa family before flying to Toronto, where he met with volunteers. The liberal leader has not taken media questions during the two days.
Singh launches government loans for housing buyers
The NDP leader, Jagmeet Singh, announced the plan of his party to grant housing buyers for the first time they qualify for mortgage access to loans with public support, under interest and fixed term.
“This will make a big difference in people’s lives; they would have affordable loans so they can buy their first home,” Singh said in Port Moody, BC, Sunday.
The leader of the NDP, Jagmeet Singh, speaking in Port Moody, BC, on the 8th of the electoral campaign, says that if his party wins the elections, he would offer low interest mortgages, in a fixed term and publicly backed for housing buyers for the first time.
When asked if he approached banks and credit cooperatives on the possible impact of government loans entering the mortgage market, Singh said he was not worried about the opinions of the great banks of Canada.
“I’m not too worried about what banks think. It’s about helping people,” said Singh. “I think it’s right to help a housing buyer for the first time.”
