For this year’s Canadian Federal Election 2015, the four major parties: The Conservative Party, The Liberal Party, The New Democratic Party and The Green Party has promote different plans aiming to improve and enhance a better Canada. Each party has a different focus on their plans: The Conservative Party aiming to protect the economy and create jobs; The Liberal Party focusing on investing the future, helping the middle class and creating an honest and open government; The New Democratic Party promoting quality childcare, strengthening the health care system, making a better environment by ensuring the responsibility of the polluters and creating good jobs; and lastly The Green Party envisioning a strong, secure and sustainable Canada. Although the four parties have different visions, they’re all promoting different plans for the economy, which is one of the important aspects of ensuring the growth of the country. The Conservative Party’s number one priority is the economy, therefore their plan for the next four years is to protect and provide a stronger economy.
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To protect and strengthen the economy, the major focus of the Conservative Party is to staying the course and keeping the taxes low. One of the plans is the family tax cut; Steven Harper, the leader of the Conservative Party, has focused on income splitting, which can be applied to families that have children under 18. This is a tax policy in which the spouse with a larger income will assign part of his or her income to the lower earner for tax purposes. For this policy, only families with children under 18 with two parents in different tax brackets will benefit from. The Conservative Party estimated that income splitting will benefit around 1.8 million families, and with this policy, it provides a more generous amount of pay cheques to parents and doubling the maximum contribution to their Tax Free Saving Accounts. The Liberal’s main focus on the election is “Real Change”, Justin Trudeau, the leader of the Liberal Party, believes that enhancing the community is not just about creating jobs and economic growth, building the community is also an important aspect to success. A Liberal government will create the largest infrastructure investment throughout the Canadian history, one of their policy approach is on the investing of the future, and it is a $60 billion infrastructure plan in 10years, this plan is aiming to: Immediately create opportunities for job positions and economic growth by doubling the current infrastructure investment; provide funding for public transit infrastructure, social infrastructure and green infrastructure; and increase the …show more content…
One of the biggest tax measure that the New Democratic Party promotes for the enhancement of the economy is by cutting taxes for Canada’s job creators by reducing the small business from 11 percent to 9 percent, and raise corporate taxes. Tom Mulcair, the leader of the New Democratic party, plans that this policy can spur job creation in the economy at the small business level, which also includes the country’s biggest employers. Even though The New Democratic Party proposed a raise for the corporate tax rate, they also promise that the corporate tax rate competitive by ensuring that it is always below the United States federal corporate tax rate. This policy will benefit the middle class by offering more job opportunities and create an incentive for Canadians to start small
To protect and strengthen the economy, the major focus of the Conservative Party is to staying the course and keeping the taxes low. One of the plans is the family tax cut; Steven Harper, the leader of the Conservative Party, has focused on income splitting, which can be applied to families that have children under 18. This is a tax policy in which the spouse with a larger income will assign part of his or her income to the lower earner for tax purposes. For this policy, only families with children under 18 with two parents in different tax brackets will benefit from. The Conservative Party estimated that income splitting will benefit around 1.8 million families, and with this policy, it provides a more generous amount of pay cheques to parents and doubling the maximum contribution to their Tax Free Saving Accounts. The Liberal’s main focus on the election is “Real Change”, Justin Trudeau, the leader of the Liberal Party, believes that enhancing the community is not just about creating jobs and economic growth, building the community is also an important aspect to success. A Liberal government will create the largest infrastructure investment throughout the Canadian history, one of their policy approach is on the investing of the future, and it is a $60 billion infrastructure plan in 10years, this plan is aiming to: Immediately create opportunities for job positions and economic growth by doubling the current infrastructure investment; provide funding for public transit infrastructure, social infrastructure and green infrastructure; and increase the …show more content…
One of the biggest tax measure that the New Democratic Party promotes for the enhancement of the economy is by cutting taxes for Canada’s job creators by reducing the small business from 11 percent to 9 percent, and raise corporate taxes. Tom Mulcair, the leader of the New Democratic party, plans that this policy can spur job creation in the economy at the small business level, which also includes the country’s biggest employers. Even though The New Democratic Party proposed a raise for the corporate tax rate, they also promise that the corporate tax rate competitive by ensuring that it is always below the United States federal corporate tax rate. This policy will benefit the middle class by offering more job opportunities and create an incentive for Canadians to start small