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Home 🌿 Marijuana Politics 🌿 Goodbye F-35s, hello marijuana: What the Liberals are likely to do first 🌿Goodbye F-35s, hello marijuana: What the Liberals are likely to do first
The National Post’s Graeme Hamilton rounds up five things that are likely to be priorities for a new Liberal government, based on the party platform and comments made during the campaign by leader Justin Trudeau.
1. Tax cut for the middle class
Leader Justin Trudeau said a Liberal government’s first piece of legislation would cut income taxes for Canadians earning between $45,000 and $89,000 a year. The promised reduction in the middle income tax bracket to 20.5 % from 22% would reduce the annual tax burden by up to $670 per person, the party platform says. But in order to cover the projected loss of tax revenue the Liberals are asking “the wealthiest one percent of Canadians to give a little more.” A new federal tax bracket of 33% for people making more than $200,000 a year would push the combined federal-provincial income tax rate above 50% in some provinces...
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