Restore Consumer and Business Confidence

Restore Consumer and Business Confidence

COVID-19 has not only been a health crisis, but for many Canadians, it has shaken their confidence in the future.

Confidence is essential to rebuilding our economy.

If you don’t have a job or are a senior who is worried about whether your savings will hold up, you don’t spend money. 

If a small business owner is not confident that customers will show up, they don’t hire staff.

It’s a vicious circle.  

The key is getting people back to work.

That’s why I will be Canada’s jobs Prime Minister.

When people are employed, they can spend with confidence.   

To jump-start our economy and get people spending, I will allow Canadians to withdraw $10,000 from their RRSPs over each of the next two years. This may help them pay rent, fix up their house or go to a movie.

I will look at cutting or reducing the GST on some of our hardest-hit industries such as for hotels and restaurants while encouraging us to "Buy Canadian" and "Travel-in-Canada."

I will scrap the carbon tax and I will invest in re-training for Canadians whose jobs may be permanently impacted by this crisis.

These are just some of the elements in my eight-point Jobs Plan for Canada.

I will not only bring back jobs but restore our sense of confidence in our future.

  • Allow a $10,000 tax free withdrawal from RRSPs for two years. This creates no bureaucracy, no government debt and lets people decide how to spend their money
  • Encourage “Buy Canadian” and “Travel-in-Canada” initiatives
  • Assess temporarily reducing or eliminating the GST for some of the hardest-hit industries such as restaurants, hotels and tourism businesses as well as raising the meal and entertainment expense deduction from 50 per cent to 100 per cent
  • Scrap the carbon tax
  • Partner with provinces, universities and colleges and trade institutes to provide re-training for Canadians whose jobs have been permanently impacted


Do you agree or disagree with Peter that people should be allowed to withdrawal $10,000 from their RRSPs tax free for up to two years?