What are the main parties saying about tax?

After a prolonged period of economic disruption, many Canadian business owners want to understand the main political parties’ tax platforms. Grant Thornton LLP has prepared an overview of what to expect in the 2021 Federal Election from the Liberal, Conservative, NDP, and Green parties.

Our report includes the following: 

  • COVID-19 recovery
  • Business Tax
    • Corporate income tax rates
    • Other corporate income tax measures
    • Sales and excise tax
  • Personal Tax
    • Personal income taxes
    • Capital gains
    • Other personal tax measures
  • Tax administration and enforcement
  • Housing
  • Environment

Stay tuned for additional updates on the elected party’s policy positions following the September 20 election. In the meantime, if you have any questions about how these proposed tax changes may affect you or your business, please contact your Grant Thornton advisor.