Conservative Leader Pierre Poilievre on Tuesday released his party’s election platform, a day after millions of Canadians have already voted in the advanced polls and with less than one week until Election Day.
The Conservative plan comes after the Liberals and the NDP both released their platforms over the weekend.
The Tory platform promises to cut the deficit “by 70%” while simultaneously lowering income taxes by 15 per cent.
Poilievre said a Conservative government would cut the deficit “with less spending on bureaucracy, consultants, foreign aid, and handouts to insiders and special interests, while boosting growth with resource jobs.”
“Canadians have been pinching their pennies long enough. It’s time for government to start pinching pennies,” Poilievre said.
Poilievre was asked about some of the costing projections in his platform, and how tariff revenue from Canada’s counter-tariffs on the U.S. factors in, given those measures would be removed if the U.S. tariffs that spurred them are removed — for example, during trade talks expected to take place under the next government.
“What I’m committed to is redistributing that money to Canadians through tax cuts and through targeted aid to industries that are directly affected. I have said that we will be cutting taxes by more than $20 billion,” he said.
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These tax cuts, he said, would include an already-promised 15 per cent reduction in federal income tax, cutting the sales tax on homes and cutting the sales tax on Canadian-made automobiles, among others.
“We will use the money to cut taxes on work, investment, energy and home building. And also to eliminate the capital gains tax on any monies reinvested in Canada,” he said.
He said the Tories would also launch a loan program called the Keep Canadians Working Fund to support businesses during U.S. President Donald Trump’s trade war on Canada.
“It’s going to target those businesses that we know can survive and thrive in the future but are trying to avoid layoffs in the short term while we go through this unfortunate and frankly wrong-headed tariff dispute that the president has wrongly pursued,” he said.
Poilievre said he would also incentivize municipalities to cut taxes on home building.
“What I’ve said to the cities is, you need to follow my example of cutting taxes on home building. If you do, I will pay half the cost of your building tax reductions,” he said.
Poilievre said he will set home-building targets for municipalities.
“If they hit that target and beat it, they’ll get more money. If they refuse, then they’ll be getting less money. It’s very simple. We cannot continue to pay local bureaucracies to block home building. We have to incentivize more construction,” he said.
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