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Tax Policy Comparison:
OVERALL TAX REFORM
| Tax Policy Comparison: TAX REFORM |
Conservative Party | Liberal Party |
|---|---|---|
| POLICY | Overall Tax Reform | Overall Tax Reform |
| DATE | June, 2024 | N/A |
| URL | View Policy (Video) | No Policy to View |
| DESCRIPTION & COMMENT |
In June 2024, Conservative Party leader, Pierre Poilievre, announced that - should the Conservatives get elected - he would convene, within 60 days of getting elected, a “Tax Reform Task Force” with a mandate to deliver a “Bring it Home Tax Cut” to: 1. Lower taxes on work, hiring and making stuff; 2. Reduce the share of taxes paid by the poor and middle income earners
• Reduce corporate welfare.
3. Reduce paperwork by 20% by simplifying tax rules – “lower, simpler, fairer”.• “Cracking down” on overseas tax havens. Obviously, the mandate of such a Task Force would be limited and not as broad-based as the 1962-1966 Royal Commission on Taxation (the last time there has been comprehensive tax review) but this proposed approach is certainly welcome. |
The Liberal Party has consistently rejected calls for tax reform / review. |
Tax Policy Comparison:
OVERALL TAX REFORM
Tax Policy Comparison: Tax Reform
Conservative Party
Date: June, 2024
Summary:
Overall Tax Reform
Description & Comment:
In June 2024, Conservative Party leader, Pierre Poilievre, announced that - should the Conservatives get elected - he would convene, within 60 days of getting elected, a “Tax Reform Task Force” with a mandate to deliver a “Bring it Home Tax Cut” to:
1. Lower taxes on work, hiring and making stuff;
2. Reduce the share of taxes paid by the poor and middle income earners
Obviously, the mandate of such a Task Force would be limited and not as broad based as the 1962-1966 Royal Commission on Taxation (the last time there has been comprehensive tax review) but this proposed approach is certainly welcome.
View Policy (Video)
Summary:
Overall Tax Reform
Description & Comment:
In June 2024, Conservative Party leader, Pierre Poilievre, announced that - should the Conservatives get elected - he would convene, within 60 days of getting elected, a “Tax Reform Task Force” with a mandate to deliver a “Bring it Home Tax Cut” to:
1. Lower taxes on work, hiring and making stuff;
2. Reduce the share of taxes paid by the poor and middle income earners
• Reduce corporate welfare.
• “Cracking down” on overseas tax havens.
3. Reduce paperwork by 20% by simplifying tax rules – “lower, simpler, fairer”
.• “Cracking down” on overseas tax havens.
Obviously, the mandate of such a Task Force would be limited and not as broad based as the 1962-1966 Royal Commission on Taxation (the last time there has been comprehensive tax review) but this proposed approach is certainly welcome.
View Policy (Video)
Liberal Party
Date: N/A
Summary:
Overall Tax Reform
Description & Comment:
The Liberal Party has consistently rejected calls for tax reform / review.
No Policy to View
Summary:
Overall Tax Reform
Description & Comment:
The Liberal Party has consistently rejected calls for tax reform / review.
No Policy to View