Pages tagged “tax credit”
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Conservative Leader Erin O’Toole shares plan to support parents
Ottawa, ON – Today, the Hon. Erin O’Toole, Leader of Canada’s Conservatives, shared his plan to support parents. “The last thing I want new and expecting parents to worry about is their income or how they’re going to pay for essentials like cribs, car seats, and clothes when Justin Trudeau is driving up the cost of everything,” said O’Toole. “Canada’s Conservatives have a plan to help these parents keep more of their income and get relief when they need it most for these new costs.” Through Canada’s Recovery Plan, a Conservative government will: -- Improve Canada’s existing maternity and parental leave programs to allow new parents to earn and keep up to $1,000 per month without the government clawing back their maternity or parental leave. -- Provide expecting parents with the Canada Child Benefit starting in the seventh month of pregnancy to help them purchase essentials as they prepare for the arrival of their baby. -- Create a National Adoption Strategy that will include more generous benefits for adoptive parents, including an expanded EI benefit and an increase to the Adoption Expense Tax Credit from $15,000 to $20,000. “Making life more affordable for Canadians and ensuring our maternity and parental leave programs work for families in today’s modern workforce will remain top priorities for a Conservative government,” said O’Toole. “Only Canada’s Conservatives have a plan to secure the future for new and expecting Canadian families.”September 13, 2021 -
Conservative Leader Erin O’Toole announces plan to rebuild Main Streets
Saint-Hyacinthe, QC – Today, the Hon. Erin O’Toole, Leader of Canada’s Conservatives, introduced his plan to rebuild Main Streets across the country and help small businesses get back on their feet and create jobs. “Canada’s small businesses employ millions of people and have been hit hard by the pandemic,” O’Toole said. “They need real support to help rebuild or restart their business and hire back workers – and that’s exactly what Canada’s Recovery Plan will deliver.” To restore the one million jobs lost during the pandemic and rebuild Canada’s Main Streets, a Conservative government will introduce the Rebuild Main Street Tax Credit. The new incentive will give Canadians an opportunity to support small businesses by providing a 25 per cent tax credit on amounts of up to $100,000 that someone personally invests in a small business over the next two years. A Conservative government will also introduce the Rebuild Main Street Business Loan, which will immediately make available interest-free loans of up to $200,000 to help small and medium businesses, with up to 25 per cent forgiven depending on revenue losses. These loans are significantly more generous than the Liberals’ $60,000 Canada Emergency Business Account loan, which fell short of the needs of thousands of eligible businesses. In addition to the Rebuild Main Street Tax Credit and the Rebuild Main Street Business Loan, Canada’s Conservatives will introduce a Canada Investment Accelerator tax credit, which will provide five per cent back for any capital investment made in 2022 and 2023, with the first $25,000 to be refundable for small businesses. “Canadian small businesses have given back to their communities in countless ways – whether it was sponsoring the local kids’ soccer team or raising money for charity,” said O’Toole. “A Conservative government will have their backs and ensure we secure the future for Canada’s Main Streets.”August 29, 2021 -
The last time Justin Trudeau needed money, he raised taxes on Canadians living with disabilities
Trudeau can’t be trusted to make life more affordable for you and your family
Ottawa, Ontario – Yesterday, as part of the Liberal platform, Justin Trudeau announced an expansion of the Child Disability Tax Credit.
But the last time Justin Trudeau needed money for his out-of-control deficit spending he targeted Canadians living with disabilities to pay the bill.
In 2016 Justin Trudeau ordered the Canada Revenue Agency (CRA) to crack down on “tax cheats”. As a result, the CRA started clawing back disability benefits – cutting off diabetics, children with Autism, and a number of other Canadians living with chronic conditions.
The result was endless hardship for Canadians living with disabilities.
CRA policy change prompted diabetes tax credit denials, health groups allege https://www.ctvnews.ca/politics/cra-policy-change-prompted-diabetes-tax-credit-denials-health-groups-allege-1.3706393
The CRA makes it so hard to get the disability tax credit, many don’t even try https://globalnews.ca/news/3956042/cra-disability-tax-credit-canada/beta/?utm_expid=.kz0UD5JkQOCo6yMqxGqECg.1&utm_referrer=https%3A%2F%2Fwww.google.ca%2F
CRA backs down in row with diabetics denied disability tax credit
The CRA Is Denying The Disability Tax Credit To Some With Disabilities
When Justin Trudeau doesn’t need your vote but he still needs your money, Trudeau will again raise taxes on Canadians living with disabilities.
Trudeau simply cannot be trusted to make life more affordable for these families, he is simply not as advertised.
Only Andrew Scheer and the Conservatives can be trusted to put more money back in your pocket to help you and your family get ahead.
September 30, 2019 -
Scheer announces Green Home Renovation Tax Credit to lower greenhouse gas emissions
New tax credit will allow Canadians to save up to $3,800 on green home renovations
Conservative Leader Andrew Scheer was at Potvin & Bouchard today, highlighting the Conservatives’ proposed Green Home Renovation Tax Credit, a two-year program to encourage homeowners to renovate their homes in ways that lower their power bills and reduce greenhouse gas emissions.
Canadians will be eligible to receive a 20% refundable credit on their income tax for green improvements to their homes of over $1,000 and up to $20,000. This would allow Canadians to save up to $3,800 on their renovations each year.
Eligible renovations would include:
- Installation of high-quality insulation
- Investments in high-efficiency furnaces
- Replacement of doors and windows with more efficient models
- Upgrading of ventilation, heating and cooling systems
- Installation of solar panels
In 2017, emissions from buildings represented 12% of Canada’s overall emissions.
“No environmental plan is complete without a serious plan to tackle emissions from buildings,” Scheer said. “Our Green Home Renovation Tax Credit will help lower these emissions and fight climate change while putting more money in Canadians’ pockets so they can get ahead.”
This measure is one of the 55 policies of our environmental plan, A Real Plan to Protect Our Environment, introduced earlier this year. It is a realistic plan that balances Canada’s obligation to fight climate change with the core Conservative promise to put more money in Canadians’ pockets so they can get ahead.
FACTS:
- Justin Trudeau’s signature so-called environmental policy is, in reality, not an environmental policy at all. His Carbon Tax gives big polluters a pass while punishing Canadians for driving to work and heating their homes.
- Canadian families and small businesses pay 92% of Trudeau’s Carbon Tax, while big polluters are only on the hook for 8%.
- Justin Trudeau and his environment minister have confirmed that a carbon tax hike is on the table, and the Conservative Party conducted research to determine just how much it would cost the average Canadian household. At the $102/ tonne level, Trudeau’s Carbon Tax would
- Increase the cost of natural gas by $469 per year
- Add 31 cents/litre to the price of gasoline.
- This means $2/litre gasoline is just around the corner if the Trudeau Liberals are re-elected. It is Canadians who bear the cost of Justin Trudeau’s Carbon Tax.
- In Ontario, the five-fold increase to the carbon tax would cost you $1,151.
- In New Brunswick, the five-fold increase to the carbon tax would cost you $959.
- In Manitoba, the five-fold increase to the carbon tax would cost you $1,116.
- In Saskatchewan, the five-fold increase to the carbon tax would cost you $1,930.
- In Alberta, the five-fold increase to the carbon tax would cost you $2,002.
Andrew Scheer’s Plan for you to get ahead:
- Scrap the Trudeau Carbon Tax, lowering the cost of everyday essentials like gas, groceries, and home heating.
- Introduce the Universal Tax Cut, saving an average couple $850 per year.
- Take the GST off home heating costs, saving your family $107 every year.
- Introduce the Green Public Transit Tax Credit, saving a family of four who take transit up to $1,000.
- Make maternity benefits tax-free, putting up to $4,000 back in the pockets of new parents.
- Introduce the Children’s Fitness Tax Credit, allowing parents to claim up to $1,000 for sports activities.
- Introduce the Children’s Arts and Learning Tax Credit, letting parents claim up to $500 for arts and learning programs.
- Expand the Age Credit, benefiting the lowest income Canadians the most and giving a senior couple up to $300.
- Boost the RESP matching by 50%, helping parents get more for their kids education.
Background Documents:
September 25, 2019