Canada's NDP

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September 1st, 2021

Trudeau’s plan lets richest Canadians pay the lowest taxes

Justin Trudeau’s platform admits that the ultra-rich are using loopholes and deductions to avoid paying their share of taxes. Instead of closing those loopholes, the Liberal plan lets the highest earners pay the lowest tax rate:

“Create a minimum tax rule so that everyone who earns enough to qualify for the top bracket pays at least 15 % each year (the tax rate paid by people earning less than $49,000), removing their ability to artificially pay no tax through excessive use of deductions and credits.” (Page 79)

This means Trudeau’s plan officially condones billionaires paying a lower tax rate than middle income Canadians.

People in the top income tax bracket are supposed to pay 33%. Why does Justin Trudeau think they should pay less than half their share?

Jagmeet Singh:

“Justin Trudeau says the right things at election time, but he has no intention of doing them. He voted against our plan to make big corporations and the wealthiest pay their share. And today his plan confirms he’ll keep letting billionaires pay a far lower tax rate than most Canadians. People can’t afford Justin Trudeau’s free ride for the ultra-rich.”