The Liberals are taking on the Tories on taxes, which will add to their electoral problems, according to a new poll.
While most Canadians support the Liberals’ plan to increase the top tax rate, that number is still a bit below their own Conservative counterpart.
The poll from Angus Reid shows that 51 per cent of respondents approve of the Liberals plan, while 38 per cent disapprove.
And that’s just the ones who’ve voted.
The Liberals will also be the first party to announce a tax hike in its first 100 days in power.
The Tories have been promising a tax increase for years.
And the Liberals aren’t just going to do it all in one go.
The government has also promised to increase some provincial and territorial sales tax rates, which have been among the highest in the country.
And if you want to get an idea of how the Liberals might be doing on taxes overall, look no further than a national survey released Monday that found the Conservatives leading the way on personal income taxes.
The Angus Reid survey found that while 35 per cent approve of all the policies of the Liberal government, that includes increases in the top marginal tax rate for high-income earners, a cut in personal income tax for people with children and a reduction in the corporate income tax rate.
It’s the first national poll Angus Reid has done on tax policy.
It also found that the Liberals would cut the top corporate tax rate by half, from 35 per per cent to 20 per cent, and that would add $1.4 trillion to the deficit.
The Conservatives would increase the rate to 28 per cent and cut it to 16 per cent.
The NDP would cut taxes for lower-income Canadians by $1,000 a year.
The Greens would increase taxes for everyone else.
The New Democrats are proposing to increase taxes by $600 a year for people earning $50,000 to $100,000 and $1 million to $1 billion a year and by $500 a year to $600,000.
That would add an extra $500 to the national debt.
And it would also result in a $2 billion deficit.
But the NDP would also increase taxes on capital gains and dividends and for individuals earning more than $200,000 per year, while the Conservatives would lower them for everyone earning less than $150,000 annually.
On top of that, the NDP says it would introduce a new corporate income taxes rate of 25 per cent on businesses that are publicly traded.
And in the final analysis, the Liberals are proposing $1 trillion in tax hikes over the next 10 years, which the Liberals have said they will cut if elected.
The numbers The Angus, Reid and Forum polls have been conducted since January and have an error margin of plus or minus 2 percentage points, 19 times out of 20.
This is a weekly look at how the federal election is shaping up, and what Canadians are thinking about it.