- The Liberal government has accelerated the phase-in of a new $300,000 income threshold qualifying for the 12 per cent small business tax rate, which goes into effect next year
- Effective this year, eliminated the capital tax for smaller businesses
- The 2004 budget proposes amendments to the capital cost allowance system for computer equipment and data network infrastructure equipment
- Eliminate the deductibility of statutory fines and penalties
- Reduction in the Air Travellers Security Charge; tickets purchased after April 1, 2004 for round-trips in Canada will be $12, and $20 for international round-trips. It was $14 and $24, respectively
- Canadian Forces personnel and police who serve on dangerous missions abroad will be exempt from income tax
- Beginning in 2005, propose to limit the period in which taxpayers can request adjustments to 10 years
- Increase the amount for medical and disability-related expenses a family caregiver can claim to $10,000
- Extending the education tax credit to employees who pursue career-related studies
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- Introduce a Registered Lifetime Savings Plan (RLSP) that would allow Canadians to invest up to $5,000 a year. It would tax investors up front, not when they withdraw the funds
- Reduce the federal tax rate on middle-income Canadians by more than 25 per cent
- Introduce a $2,000 per child deduction
- Reduce premiums to eliminate the annual surplus in the Employment Insurance account
- Transfer at least 3 cents of the gas tax to the provinces
- Cut corporate subsidies in order to cut taxes for all businesses
- Expand tax credits for those taking care of elderly, sick or disabled relatives
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- Ensure all Canadians who make less than $15,000 do not pay federal income tax
- Guarantee full indexing of tax brackets and credits
- Remove the GST from family essentials, including children's clothing and medicine, school supplies, books, magazines, female hygiene products and medical equipment
- Increase the Child Tax Benefit to $4,900 per child and allow Canada's poorest families, who don't pay tax, to qualify
- Make the disability tax credit and medical expenses tax credit fully refundable
- Abolish security fees on air travel
- Implement a U.S.-style tax inheritance on amounts of more than $1 million
- Treat income from capital gains the same as all employment income
- Reverse corporate tax deductions
- Keep EI premium rates at current levels
- Cancel all tax treaties with tax havens like Barbados
- Index the GST exemption threshold for small and home businesses to the rate of inflation
- Prohibit the practice of letting corporations deduct fines for environmental infractions or unsafe workplaces from their taxes
- Close corporate and very high income tax loopholes
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- Recover billions of dollars paid to Ottawa due to having two levels of government in place duplicating many services
- Impose a surtax on large oil company profits
- Enable Quebeckers (Quebecois) to choose in terms of taxation priorities
- Minimize the gulf between the very wealthy and the very poor by reducing taxes on the middle-income class and levying heftier taxes on the wealthiest citizens
- Increase Federal transfers for the poorest families and individuals (for example old age pension, etc.)
- Ottawa should transfer $630 million to the Quebec Government so that it can set up its own parental leave program
- Have a refundable tax credit for all families with children under 18 years of age
- Insure that GIS (Guaranteed Income Supplement) is made available to all eligible Old Age persons. Ottawa should reimburse the $3.2 billion that it did not give out.
- Transfer funds saved by the federal government to the Quebec government because of its implementation of low cost daycare programs
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- Lower taxes on income, profit and investment, while raising taxes on harmful activities such as pollution, waste and inefficiency
- Increase fuel taxes by ten cents per litre - to be phased in over three years
- Phase in a $10 per ton coal consumption tax - also to be phased in over three years
- Remove tax breaks on pesticides
- Implement a carbon tax on gasoline, diesel and coal
- Exclude ethanol blends and biodiesel from fuel tax increases
- Use half the revenue from pollution taxes to decrease income taxes
- The Green Party will reduce the marginal tax rate on the lowest federal tax bracket to give Canadians a tax cut of $3.5 billion
- Cancel planned cuts to corporate capital taxes
- Create a three-tiered annual rate of capital tax of $1,750 or $2,250 or $2,750 per each million dollars in paid-up capital
- Shift taxes onto land use and away from incomes
- Establish a special five-year tax break on energy efficiency retrofits in commercial and residential buildings
- Fund a citizens' body to review all federal tax regulations and recommend changes to promote clarity, as well as decrease the likelihood of future tax disputes
- Implement a national GST "feebate" program to promote fuel efficient cars and trucks - increase the GST on personal vehicles that are in the bottom half with respect to fuel efficiency, eliminate the GST for personal vehicles in the top half
- Create tax breaks for companies that are certified for ISO 9000 and ISO 14000
- Create tax-incentives for businesses to implement flexible schedules and on-site childcare
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