Issue
Tax & Fiscal Policy
Federal income tax brackets, corporate tax, GST/HST changes, capital gains inclusion rate, and deficit/surplus targets.
Where parties stand
Compare side-by-side- Bloc QuébécoisBLOC
Supports targeted excess-profits taxation. Wants tax co-ordination with Quebec (single tax return administered by Quebec, retained as a long-standing demand).
Source - Conservative Party of CanadaCONSERVATIVE
Would reverse the 2024 capital-gains change, axe the carbon tax including the consumer rebate, and pursue 'dollar-for-dollar' spending review with a balanced-budget commitment by year four.
Source Supports a carbon-fee-and-dividend model, a financial-transactions tax, and progressive estate taxation. Frames fiscal policy as a climate and inequality tool.
Source- Liberal Party of CanadaLIBERAL
Maintains the 2024 capital-gains inclusion-rate increase for amounts over $250k. Targets a falling debt-to-GDP ratio over four years. Continues GST-rebate and child-benefit indexation to inflation.
Source Wants an excess-profits tax on banks, oil & gas, and grocery chains, a 1% net-wealth tax over $10M, and closure of stock-option deductions. Defends the capital-gains change as a fairness measure.
Source
Bills affecting this issue
- C-8Federal45-1In committee
An Act respecting cyber security, amending the Telecommunications Act and making consequential amendments to other Acts
Implements the 2026 federal budget.
- C-7Federal45-1Royal assent
An Act for granting to His Majesty certain sums of money for the federal public administration for the fiscal year ending March 31, 2026
- C-44Federal44-1Royal assent
An Act for granting to His Majesty certain sums of money for the federal public administration for the fiscal year ending March 31, 2024