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Liberal Tax Platform [top] |
| Hold the line on taxes, both corporate and personal. |
| Abolish tax credit for private-school tuition. |
| Create tax credit for training employees. |
Create incentives for production of renewable energy sources. |
New Democratic Party Tax Platform [top] |
| Add two new tax brackets: one for people who earn between $100,000 and $150,000 a year, and another for people who earn more than $150,000 a year. The additional revenue would be used to fund the education funding recommendations made by Mordechai Rozanski. |
| Restore corporate tax rates to the same level as during the Tories' first term, using the additional money for "economic and social infrastructure." |
| Allow cities to levy hotel room tax, and use the money to promote tourism. |
| Allow cities to create special "Main Street" category of business tax. |
| Change law requiring homeowners to pick up entire property tax increases in some cities because business tax rates are capped and protected. |
Progressive Conservative Party
Tax Platform [top]
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| Make first $5,000 of mortgage interest tax deductible, which could save homeowners up to $500 a year. |
| Complete the delayed 20-per-cent cut to personal income taxes by Jan. 1, 2004. Cost estimated at $900 million. |
| Eliminate the provincial education portion of property taxes paid by seniors, which would save the average senior household $475. No cap proposed. Cost estimated at $450 million.
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| Raise individual surtax ceiling from $60,000 to $75,000 by Jan 1, 2005.
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| Provide tax credits for caregivers supporting disabled or elderly family members, for an estimated average saving of $300 a year. Cost estimated at $50 million.
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| Speed up full implementation of tax credit for private school tuition, saving up to $3,500 for those parents with a child in private school.
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| Cut capital tax rates on employers by 10 per cent for 2004.
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| Reduce small business income taxes to five per cent in 2004, and four per cent in 2005.
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| Cut corporate income taxes for manufacturing and processing companies to 10 per cent for 2004, nine per cent for 2005, and eight per cent for 2006.
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| Cut general corporate tax rate to 11 per cent for 2004, 9.5 per cent for 2005, and eight per cent for 2006.
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| Devise tax breaks for companies and farmers investing in creating their own renewable energy sources.
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| Prohibit new taxes or tax increases by a municipality without approval from citizens through a referendum. However, a council would be allowed to levy new local gasoline taxes or hotel room taxes if approved through a referendum.
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| Create some kind of tax incentive to encourage clean, renewable and alternative energy supplies, such as wind and solar power.
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