- Introduced a 2% increase in the HST (from 13% to 15%) in their most recent budget to help offset the decline of government revenues from falling oil prices (1)
- Introduced taxes on those earning over $125,500 in their last budget: from 13.8% to 14.3% on income from $12,500 to $175,700 and from 14.3% to 15.3% on income over $175,700 (6, 7)
- Will work with municipalities to create a new progressive tax regime less reliant on property assessment and taxes (2)
| - Will eliminate the 2% increase in the HST introduced in the most recent provincial budget (from 15% to 13%), and borrow more to cover the government’s deficit (1, 4, 8)
- Will create a comprehensive review of tax expenditures [credits provided to reduce the tax burden to businesses and individuals] to make it more simple and reduce the costs of paying taxes on businesses and individuals (8)
- Will work with municipalities to create a new progressive tax regime less reliant on property assessment and taxes (2)
| - Pledge to raise the personal income tax rate for the top tax bracket, those maknig over $175,000 from 14.3% to 17.3% (10)
- Will work with municipalities to create a new progressive tax regime less reliant on property assessment and taxes (2)
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- Pledge to reduce small businesses taxes to the lowest in Canada, currently that rate is 3% in Newfoundland and Labrador with the lowest being Saskatchewan at 2% (2, 3, 5)
| - Will create a comprehensive review of tax expenditures [credits provided to reduce the tax burden to businesses and individuals] to make it more simple and reduce the costs of paying taxes on businesses and individuals (8)
| - Promises to eliminate the tax on small businesses to ensure that their proposed increase of $1 to the minimum wage does not negative affect them (9)
- Pledges to increase the wage top-up for those taking parental leave (9)
- Would increase corporate income tax by 1.5% (10)
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