Poilievre offers investor tax cut, Singh targets 1st time homebuyers, Blanchet offers help to seniors
CBC
Conservative Leader Pierre Poilievre announced his second tax cut of the campaign targeted at investors Sunday, promising to exempt capital gains from taxes if the proceeds are reinvested in Canada.
"The current capital gains tax locks up investment in old assets, because selling them would force a big bill," Poilievre said in a statement.
"Allowing reinvestments without tax will unlock billions to immediately begin building, hiring, investing and growing."
The Conservatives say the tax cut, which would be available to investors from Canada Day until the end of 2026, will be made permanent if it's proven successful at driving economic growth.
The party says any gains made on Canadian investments will still be taxable when the investor cashes out their investment for good or moves the proceeds of that investment out of Canada.
"This will be like economic rocket fuel for Canada," Poilievre told an audience in Toronto on Sunday. "We will soar above the Americans. We will reverse the lost Liberal decade and make this country boom."
The Conservatives say the change would cost $5 billion in 2025 and $5.5 billion in 2026. Poilievre also announced last week that his government would cut the lowest marginal rate of income tax by 2.25 percentage points, at a cost of $14 billion a year.
On Thursday, Poilievre announced a future Conservative government would allow investors to contribute $5,000 more a year to their tax-free savings accounts (TFSA) — as long as they invest that extra cash in Canadian companies.
The Conservatives did not provide a costing for the TFSA top up.
CBC News has reported that sources within the party are complaining about a "dysfunctional" campaign with too much centralized power and the belittling and aggressive treatment of staff.
At the heart of that reported dysfunction are concerns by some Conservatives that the campaign needs to pivot — and focus more on the threat posed by the U.S. President Donald Trump.
Asked about whether he intends to focus on Trump and tariffs, Poilievre insisted his campaign is already doing so.
"Today we are standing up to the Americans with a Canada first reinvestment tax cut," he said. "President Trump has said he wants the Liberals back in power. We know why; he wants Canada weak."
Speaking in Danville, Que., on Sunday, Bloc Québécois Leader Yves-François Blanchet announced a host of policies targeting seniors, including:
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When Ana Amezcua's family moved from Mexico to Canada in 2019, she never anticipated what would soon unfold with her daughter René, who was just five years old.
The Office of the U.S. Trade Representative released its annual list of global trade barriers Tuesday, and it includes Quebec's controversial language law Bill 96 as a trade irritant between the two countries.
Some First Nations leaders in Manitoba say they're disappointed reconciliation has taken a back seat so far in the federal election campaign.
Saskatchewan adults might not have sufficient immunity to the latest measles outbreak and are being asked to check their vaccination records and get a booster shot if needed.
The City of Charlottetown is looking for public input as it develops a new 10-year active transportation plan.
As of this week, the consumer carbon tax is no more.
Police misconduct allegations are now viewable to the public online.
Hamilton mom Shruti Bangera would be all for the Liberal government's national child-care program — if only she could take advantage of it.
If looming 25 per cent tariffs on the auto industry go ahead on April 3 as previously announced by the U.S. government, experts say they'll have a huge impact on the price of cars for Canadians.
It's an election centred on U.S. President Donald Trump's threats, Canada's sovereignty and the cost of living.
Rural schools are closed Wednesday in Thunder Bay, Ont., and all rural school bus routes are cancelled for the day as much of the northwest region prepares for yet another spring snowstorm.
The Greater Toronto Area and other parts of southwestern Ontario could see heavy rainfall and freezing rain on Wednesday, Environment Canada says, as a second spring storm hits the region in less than a week and threatens to cause more power outages.
With more U.S. tariffs on Canadian goods expected to take effect Wednesday, businesses and voters in Waterloo region are voicing growing concerns about the economic impact it could have.