COMPARING THE TAX POLICIES OF THE PARTIES.

Conservatives

• Cut the tax rate from 15 per cent to 13.75 per cent for income between $12,069 and $47,630

• Implement tax credits for sports and arts programs for children

• Implement a transit pass tax credits

• Allow Employment Insurance maternity benefits to be tax-free

• Remove GST from home heating

• Implement a tax credit for greenhouse gas-related home renovations

• Increase the age credit for seniors

Liberals

• Increase the basic personal amount from $12,069 to $15,000; these tax breaks would be phased out starting with incomes above $150,605.

• Impose a 10 per cent tax on luxury cars, boats and personal airplanes

• Tighten corporate tax loopholes around debt

• Impose a speculation tax on vacant residential properties

• Crack down on tech giants that do not pay corporate taxes

Greens

• No universal tax cuts

• Increase federal corporate tax rate from 15 per cent to 21 per cent

• Establish a commission to analyze fairness and accessibility of the tax system

• Increase capital gains tax by 50 per cent

• Implement a 0.5 per cent tax on financial transactions

• Implement a wealth tax on assets above $20 million

• Impose 5 per cent surtax on commercial bank profits

• Maintain current small business tax rates

• Increase targeted credits for firefighters and renovation of heritage buildings

NDP

• No universal tax cuts

• Increase corporate income tax from 15 per cent to 18 per cent

• Increase capital gains tax by 25 per cent

• Implement a wealth tax on assets above $20 million

• Increase marginal tax rate by two per cent for incomes over $210,000

• Double homebuyers tax credit

• Close tax loopholes, such as the CEO stock option deduction