The leader of the Liberal party, Justin Trudeau, has promised middle class Canadians a real change. His plan includes a higher tax rates from families with annual income of 200,000 and higher. Currently the wealthiest 1% of Canadians are paying 29% tax and Mr. Trudeau is planning on changing the rate to 33%. He is also committed to lowering the tax rates for the working class; currently most middle class families pay 22% and Mr. Trudeau’s goal is to make it to 20%. The liberal leader also talked about making Child Care Benefit tax-free to all families with annual income below than 150,000 and increase the Canada Pension Plan contributions. As Justin Trudeau says: “A strong middle class means a strong economy” throughout the research and debates
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Mr. Mulcaire has many plans to keep his promise such as not raising the personal income taxes, lower the tax rates for small business to 9%, create $15-a-day national child care program and increase Canada Pension Plan contributions. By 2016 NDP has promised to make a balanced budget. Compared to Liberal party, this party focuses more on the manufacture and the families with children and low annual income. Mr. Mulcaire has not talked about the middle class and how he is planning on making it stronger. Peter Fragiskatos on his debate talked about the significant differences between their plans with NDP, he said: “I point the example of taxation, we want to make the taxation system fair, we’re asking the 1% of the Canadians earning $200,000 a year or more to pay a little bit more of tax to create a fairer country, currently their paying 29% and we’re asking them to pay 33%, that’s one difference, the NDP is not committed to that.” I think it is very important to higher the taxes for large corporations and wealthy families. Although this party has strong plans but the liberal’s plans would be more affective when it comes to the …show more content…
He has increased Universal Child Care Benefit, as well as the annual contribution limit for TFSAs. He has planned to reduce the tax rate for small businesses by 2019. He also plans on creating 1.3 million new jobs for Canadian by 2020. Personally I believe that if there was a plan for the economy, we wouldn’t be in recession. Looking at the debates with one of the conservative candidates, Michelle Rempel, she said: “Number that were presented earlier this year certainly show that we are posting a surplus for the first part of the year, as well as the bank of Canada said that over 80% of the economy is continuing to grow and in terms of our plan this is why we pursed a low-tax agenda at the federal tax burden it’s at its lowest level in 50 years…” but looking at The Bank of Canada and The PPO they both said that there is no way the conservatives will have the kind of growth they predicted in the budget. This clearly shows that the conservative’s plans about the economy have either failed or there really isn’t a plan after
Mr. Mulcaire has many plans to keep his promise such as not raising the personal income taxes, lower the tax rates for small business to 9%, create $15-a-day national child care program and increase Canada Pension Plan contributions. By 2016 NDP has promised to make a balanced budget. Compared to Liberal party, this party focuses more on the manufacture and the families with children and low annual income. Mr. Mulcaire has not talked about the middle class and how he is planning on making it stronger. Peter Fragiskatos on his debate talked about the significant differences between their plans with NDP, he said: “I point the example of taxation, we want to make the taxation system fair, we’re asking the 1% of the Canadians earning $200,000 a year or more to pay a little bit more of tax to create a fairer country, currently their paying 29% and we’re asking them to pay 33%, that’s one difference, the NDP is not committed to that.” I think it is very important to higher the taxes for large corporations and wealthy families. Although this party has strong plans but the liberal’s plans would be more affective when it comes to the …show more content…
He has increased Universal Child Care Benefit, as well as the annual contribution limit for TFSAs. He has planned to reduce the tax rate for small businesses by 2019. He also plans on creating 1.3 million new jobs for Canadian by 2020. Personally I believe that if there was a plan for the economy, we wouldn’t be in recession. Looking at the debates with one of the conservative candidates, Michelle Rempel, she said: “Number that were presented earlier this year certainly show that we are posting a surplus for the first part of the year, as well as the bank of Canada said that over 80% of the economy is continuing to grow and in terms of our plan this is why we pursed a low-tax agenda at the federal tax burden it’s at its lowest level in 50 years…” but looking at The Bank of Canada and The PPO they both said that there is no way the conservatives will have the kind of growth they predicted in the budget. This clearly shows that the conservative’s plans about the economy have either failed or there really isn’t a plan after