Juno News - Poilievre’s proposed tax cuts and how they’ll effect Canadians

00:00:00.000 What are the key policy platforms introduced? Let's start with the Conservatives. So can you

00:00:06.300 walk us through what you think are the most important policies that they've introduced so far?

00:00:12.000 Well, you know, let me just say, like, being with the Canadian Taxpayers Federation, I'm definitely

00:00:15.980 happy to see all the tax cuts that are coming into play here during the election. And, you know,

00:00:21.440 Mr. Polyevin, his Conservatives, he's offering some much-needed tax relief, and I think some

00:00:26.720 tax changes that could really supercharge Canada's economy. But let's start with the

00:00:31.660 income tax cuts, right? So Mr. Polyev is proposing to cut the lowest income tax rate by 15%.

00:00:39.580 Okay, so that would save your two income family up to about 1800 bucks a year, right? So that's

00:00:47.900 good news, because here's the thing, life is so unaffordable. I know a lot of media talking heads

00:00:53.200 want to talk about everything else, but look, the cost of living crisis is still here and keeping

00:00:58.740 1800 bucks in a family's budget every single year is big time savings, right? And look, like

00:01:04.920 the best way the government can help Canadians deal with all aspects of life in terms of

00:01:09.840 affordability, it just let us keep more of our own money, right? And Polyev's income tax cut would

00:01:15.640 do just that. But Candace, let's talk about actually growing our economy here for a second.

00:01:21.380 And this is a really interesting policy promise from Polyev.

00:01:24.800 He wants to defer capital gains taxes.

00:01:28.480 So if you sell an asset and then you reinvest that money back into Canada,

00:01:33.720 well, you're not going to be paying capital gains taxes on that when you make that reinvestment.

00:01:38.360 So I think that is a huge policy announcement to actually grow our economy

00:01:43.160 to encourage more reinvestment back here in Canada.

00:01:46.540 And, you know, Jack Mintz, a very reputable economist,

00:01:49.480 He says that could put $90 billion into Canada's economy over the medium term,

00:01:56.420 lead to more than 200,000 new job opportunities for Canadians.

00:02:00.400 So that's a huge move.

Juno News - April 12, 2025