Promise tracker: What the parties are pitching on the campaign trail
OTTAWA — A running list of specific promises announced by the Liberals, Conservatives, NDP and Green party since the official start of the federal election campaign on Aug. 15.
Liberals
Aug. 25: Raise the corporate income tax rate paid by banks and insurance companies on all earnings over $1 billion from 15 per cent to 18 per cent. Establish a Canada Recovery Dividend to be paid by large banks and insurance companies.
Aug. 24: Build, preserve or repair 1.4 million homes over four years. Make $4 billion available to cities through a Housing Accelerator Fund. Introduce a Multi-generational Home Renovation tax credit. Introduce a Home Buyers’ Bill of Rights that would ban blind bidding. Commit $1 billion in loans and grants to develop and scale up rent-to-own projects so renters can own their homes in five years or less. Introduce a tax-free First Home Savings Account to let Canadians under 40 save up to $40,000 for their first home, and withdraw it tax free for their purchase with no requirement to repay. Double the First-Time Home Buyers Tax Credit from $5,000 to $10,000. Reduce the cost of mortgage insurance. Ban new foreign ownership of Canadian houses for the next two years.