Party Platforms

Conservative

The Conservatives promise to cut the lowest income tax bracket from 15 to 12.75 per cent. This would save a person making $57,000 about $900 per year.

The Conservatives are also promising to allow Canadians to save an additional $5,000 in their Tax-Free Savings Accounts (TFSAs) if that money is invested into Canadian companies.

Liberal

The Liberals promise to cut the lowest income tax bracket by one per cent. This would save a dual-income family up to $825 per year.

NDP

The NDP are promising to raise the basic personal amount to $19,500 for anyone earning less than $177,882. They say the move would save workers about $505.

The NDP say they would also permanently remove the GST from essentials like grocery store meals, diapers and strollers, as well as from monthly bills such as cell, internet and heating bills.

In addition, they would double the Canada Disability Benefit.

Conservative

The Conservatives promise to eliminate the federal GST on new homes up to $1.3 million to save homebuyers up to $65,000.

Liberal

The Liberals promise to eliminate the GST for first-time home buyers on homes at or under $1 million, saving homebuyers up to $50,000.

NDP

The NDP promises to invest $1 billion over five years to acquire more public land for rent-controlled home construction through the Public Land Acquisition Fund.

Liberal

The Liberals promise to accelerate Canada’s defence spending to reach the two per cent NATO target by 2030.

The Liberals also promise to boost salaries for members of the armed forces in an effort to bolster recruitment efforts.

Conservative

The Conservatives say they won’t cut pharmacare or dental care programs if elected.

Conservative

The Conservatives say they would allow working seniors to earn up to $34,000 tax free. They would also allow seniors to keep growing their savings in RRSPs until age 73, up from 71. They would keep the retirement age set at 65.

NDP

The NDP are promising to “lift all seniors out of poverty” by raising the Guaranteed Income Supplement (GIS).

Conservative

The Conservatives would allow Canadians to save an additional $5,000 in their Tax-Free Savings Accounts (TFSAs) if that money is invested into Canadian companies as part of a strategy to bolster investment in the country.

Liberal

The Liberals would create a $2 billion fund to bolster the auto sector.

NDP

The NDP say they would protect the auto sector, protect Canadian jobs and “make sure working families aren’t left behind.”

Conservative

The Conservatives are promising a “responsible federalism” that treats the provinces as partners. They are promising to protect Quebec’s autonomy, language and culture if elected.

Conservative

The Conservatives say they would slash foreign aid to focus on Canada instead.