π¨π¦ A word for Canadian About Canadian Taxes π¨π¦
Episode Stats
Words per Minute
92.49841
Summary
A Canada First Government will eliminate your personal income tax, small and medium businesses tax, large corporations tax, GST and carbon tax, and a Canada First government will completely eliminate your carbon tax. I have also included special provisions to invite Canadian corporations who have gone offshore in the past years and decades to come to Canada.
Transcript
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Hello Canada, I'm Romana Didulo. I'm the founder and leader of Canada First.
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Today I would like to speak with you about taxes. Personal income tax, small and medium
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businesses tax, large corporations tax, GST, and carbon tax.
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Let's start with your personal income tax. If you are earning fifty thousand dollars
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a year or less you will pay zero income tax and from fifty thousand to five hundred thousand you
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will pay five percent. If you are a senior citizen earning one hundred thousand dollars a year or less
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you will pay zero income tax and from one hundred thousand to five hundred thousand you will pay
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five percent. Now on to our small and medium-sized corporations paying nine percent net tax yearly.
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That tax will be reduced from nine to four percent. And as for our large corporations paying
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fifteen percent net tax, that tax will be reduced from fifteen to nine percent.
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percent. As for our GST, that will be reduced from five percent to two percent and a Canada First
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Government will completely eliminate your carbon tax. I have also included special provisions to invite
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Canadian corporations who have gone offshore in the past years and decades.
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foreign corporations in high-end manufacturing, space technology, artificial intelligence,
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mining, refining, and shipbuilding industries to come to Canada. And the special provision for these
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companies is that they will pay a total net tax of one percent for the first 20 years in operation in Canada.
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These changes to our taxes will be retroactive to January 1st of the same year I take office as Prime Minister of Canada.