A new Conservative government will cancel hundreds of millions of dollars in corporate welfare handouts to wealthy executives, shareholders, and foreign companies and instead put that money in Canadians’ pockets so they can get ahead, Conservative Leader Andrew Scheer announced today.
Scheer said a new Conservative government will conduct a review of all business subsidy programs in order to eliminate $1.5 billion in corporate handouts that don’t create jobs and support economic growth in Canada.
Those savings would instead go towards new measures to help hard-working Canadians.
“Under Justin Trudeau, Canada’s wealthiest and most politically connected have received billions of dollars from Canadian taxpayers, who are working harder than ever and just not getting ahead,” Scheer said. “I will put an end to handouts to wealthy executives, shareholders, and foreign companies and instead put that money in Canadians’ pockets so they can get ahead.”
A new Conservative government will also review innovation programs to ensure that they are supporting Canadian companies with patents, technologies, and economic benefits that remain in Canada. Conservatives believe that government support should help Canadians by creating jobs and opportunities ….
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Life is getting more expensive for people like Reed and Gretchen, who I met with this morning in Surrey.
That’s why I was so proud to announce our Universal Tax Cut that will leave hundreds of dollars more in your pockets.
Because it’s time for you to get ahead! pic.twitter.com/ti0Z907b8J— Andrew Scheer (@AndrewScheer) September 15, 2019
The average Canadian family will save over $850 per year on their income taxes after a Conservative government reduces the rate of the lowest-income tax bracket with the Universal Tax Cut, Conservative Party Leader Andrew Scheer announced today.“It’s time for a universal tax cut that is focused on you,” said Scheer. “We’re going to deliver a tax cut targeted specifically at taxpayers in the lowest-income tax bracket. This means that every Canadian will see their income taxes go down, and those in the lowest tax bracket see the biggest benefit of all.”With the Universal Tax Cut, the tax rate on income under $47,630 will be reduced from 15 per cent to 13.75 per cent. This will allow an individual taxpayer to save as much as $440 on their taxes. A two-income couple earning an average salary would save over $850 per year.“That’s $850 back in your pocket each and every year,” said Scheer. “This means more money to pay the bills, to save up for your kids’ education or maybe even finally afford a family vacation.”
Prime Minister Justin Trudeau will visit Rideau Hall on Wednesday morning to launch the 2019 federal election, with voting day set for Oct. 21.
Informally the campaign has been well underway for months, as the party leaders have been criss-crossing the country to get their messages out and attack their opponents. But Wednesday will mark the formal start of the writ period as Trudeau visits Governor General Julie Payette to start the process to dissolve Parliament.