Canadian Manufacturing

Wynne and Horwath campaign in southwestern Ontario while Ford holds Toronto rally

The Liberals, NDP and PCs have outlined where they sit on corporate taxation and policy

May 15, 2018  by The Canadian Press

TORONTO—Two of the major party leaders will be campaigning for the June 7 election in southwestern Ontario today.

Liberal Leader Kathleen Wynne is to make an announcement this morning in Waterloo, and in the afternoon makes an announcement in London and visits a brewery in Guelph.

NDP Leader Andrea Horwath plans to make a campaign announcement in London this morning and attend a campaign event in Paris this afternoon before holding a health-care focused town hall this evening in Kitchener.

Progressive Conservative Leader Doug Ford has a relatively light day with a morning rally in Toronto—the only item on his schedule.

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The Green party released its platform Monday, with billions promised for energy conservation grants and mental health supports.

The Greens say they would move to a clean economy by supporting jobs in cleantech and would commit to a 100 per cent renewable energy supply by 2050.

Here’s a glance at promises Ontario’s three major political parties have made on corporate taxation and policy:

LIBERALS: Most recent budget suggests plans to maintain general corporate tax rate of 11.5 per cent and small business corporate tax rate of 3.5 per cent.

NDP: Gradually raising the corporate tax rate from 11.5 per cent to 13 per cent, with increases taking effect over time and peaking in 2021-22, leaving the small business corporate tax rate steady at 3.5 per cent, limiting small business exemptions to companies with payrolls of less than $3 million and lowering the threshold to $1.5 million in 2021.

PROGRESSIVE CONSERVATIVES: Lowering the existing general corporate rate from 11.5 per cent to 10.5 per cent, scrapping the provincial Jobs and Prosperity fund while retaining some regional economic development funds.


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