Conservatives promise a “universal tax cut” of 1.25 per cent over three years on taxable income under $47,630. They would make EI benefits for new parents tax free, remove GST from home heating costs, and revive Stephen Harper’s public transit and children's fitness and arts tax credits. The party would tax online tech giants at three per cent on revenues, and promises a single tax form for Quebecers.
Liberals plan to raise the basic personal income tax deduction to $15,000 for those earning under $147,000. In 2015, they added an upper tax bracket for people making more than $200,000 a year, while dropping the tax rate on earnings between $45,282 and $90,563. They plan to tax luxury vehicles and tech giants generating revenue in Canada.
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