Make our Tax System a Driver of Jobs and Growth

Make our Tax System a Driver of Jobs and Growth

In the midst of the COVID-19 health pandemic, we are facing the steepest economic decline that Canadians have seen since the Great Depression.

Our economy was falling behind before COVID-19 hit and it will take bold and decisive leadership as well as a fundamental change in direction to get Canadians back into the workforce.

The key to a full economic recovery will be sustained, private-sector job growth.

But Justin Trudeau has been putting up blocks to job creation.

In fact, the word "jobs" did not appear in the title of any of Justin Trudeau’s four budgets.

But he has talked a lot about taxes.

  • He raised the marginal tax rates
  • He put in a carbon tax
  • For small business, he added a “Tax on Split Income”

Under Justin Trudeau, the federal government is raking in about $60 billion more in taxes now than when he came into office – that works out to almost $5,000 more per family.

Under Trudeau, taxes have gone up compared with the size of our economy.

When I served in the Cabinet taxes went down.

As Prime Minister, I will bring our taxes down in a way that supports job creation.

My government will undertake the first comprehensive review of our tax system in 50 years to make it pro-employment, pro-growth, less complex, easier to administer and more competitive with the United States and our major trading partners.

We will make changes to Capital Gains taxes to spur the investments in Canada that create jobs.

As Prime Minister, I will move quickly to implement a tax system that drives growth, rather than hindering it.

We need to get Canadians back to work in every part of the country.

  • Comprehensive review of our tax system – first since 1970 – to make it pro-employment, pro-growth, less complex, easier to administer and competitive with the United States and our major trading partners to promote investment
  • Changes to Capital Gains taxation to spur investment decisions that create jobs
  • Clamp down on tax cheats, especially those using offshore schemes

Do you agree or disagree with Peter that Canada should conduct a comprehensive review of our tax system for the first time since 1970, to make sure our tax system is pro-employment, pro-growth, less complex, and easier to administer?