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Election 2021: Where the parties stand on financial issues

Here’s what's been proposed for financial institutions, taxes, housing and more

NDP capital gains tax proposal would raise $45B over 5 years: PBO

The party pledged to increase the capital gains inclusion rate to 75%

The White House in Washington DC, United States

Democrats seek corporate, wealthy tax hikes for $3.5T plan

The proposed top tax rate would revert to 39.6% on couples earning more than $450,000

Wheeling his way into recovery

Tory pledge to expand DTC eligibility would cost $177M over five years

Promise to extend sickness benefits would cost $4B over the same time period

Parliament buildings at sunset

NDP’s proposed wealth tax would generate $60 billion over five years: PBO

The party has pledged a 1% tax on those with over $10 million in wealth

Greens would tax financial transactions, close capital gains “loopholes”

The party would also cap the small business tax rate at 9% but raise the corporate tax rate to 21%

Wooden cubes tax with canadian dollar

Help your client avoid losing GRE status

Contributions and loans to a graduated rate estate can have tax consequences

Parliament Hill building closeup in Ottawa, Canada

Liberals propose 15% minimum tax on highest earners

The party platform also calls for a new financial sector ombudsperson with binding arbitration power

young man in wheelchair on a Zoom call

Repay RDSP grants and bonds to eligible people, demand advocates

People who lost DTC eligibility under now-changed rules had to close their RDSPs and repay $34.4 million in grants and bonds

Side view of a serious businessman scrolling on a tablet

Liberals pledge to raise GIS

A qualifying senior couple would receive $750 more per year

golden steps leading up, made of stacks of dollar coins in increasing height

Liberals target banks, insurers with tax hike on profits over $1 billion

Big financial institutions would also have to pay a pandemic recovery dividend

close up, business man or lawyer accountant working on accounts using a calculator and writing on documents

Conservatives call for transparency in investment management fees

The party's election platform also contains various tax proposals and targets an "overly aggressive" CRA

Parliament buildings at sunset

Fate of unfulfilled 2021 budget proposals uncertain with election underway

Certain measures from the 2019 election, such as a luxury tax, are sure to resurface in this campaign

NDP pledges to raise top marginal tax rate, capital gains inclusion rate

The corporate tax rate would also go to 18%

Feds launch public consultations on new luxury tax

The tax on expensive vehicles was part of the Liberals' 2019 election platform

  • August 11, 2021 August 11, 2021
  • 12:21

Feds launch consultations on increasing charities’ disbursement quotas

Finance is seeking comments about raising the rate and giving the CRA better enforcement tools

Potential tax implications from renting a principal residence

A change in use could result in a deemed disposition

Don’t let real estate add to relationship woes

Consider the tax consequences before transferring property after a separation

Estate experts seek resolution on beneficiary designation issue

Stakeholders want it to be clear that beneficiary designations indicate the deceased's wishes