13. Summary
•
Progressive Conservatives
– PC goal is to increase the conditions that will support new jobs (100K/year)
– PC will reduce Corporate tax rates in year one with hopes that it will stimulate
investment
– PC’s transit strategy will result in $2B via interest income as well as $2M via
government savings
•
NDP
–
–
–
–
–
Elimination of the Tax loop holes $1.3B
Upping Corporate Tax Rates. I am assuming 2% increase
NDP has said little on transit funding
Tax Credits of $250M for new hires
NDP has said nothing on compensation restraint as such it will be difficult for
them to hold expenses to 1%.
– NDP have said nothing on up selling Crown Corporation opportunities to
maximized profit
14. Summary
•
Liberals
– New Pension Plan, which means new payroll tax. The assumption was 3% on
average salary of 40K
– New Gas Tax, Corporate Taxes, etc to fund Transit. The annual new revenue
would be $4B
– Liberals are trying to hold the line on expense growth to 1%. There will be
difficulties holding the line as part of the five-year run due to pressures by unions
to removed the wage freezes
– The equalization payment is being reduced. The analysis assumes the
equalization payment will be eliminated as part of a revenue source due to a
stronger economy in Canada
15. Assumptions
– The is presentation is design so people can asked questions to our elected
people on why they think their plan will work
– I assume the plan would kick in year one as way to get people asking how transit
and/or other priorities until 2017-2018. 2017-2018 was used as that is the date
the current government has said the deficit will be eliminated.
