CONSERVATIVE Leader Pierre Poilievre said on Tuesday: “In [Liberal Leader Mike] Carney’s Canada, there’s a two-tier tax code: one for the rich like him, and one for everyone else. While you’re double-checking your tax return to avoid a penalty, Carney and his friends dodge theirs and then tax you more to make up the difference.”
Poilievre said that last year alone, the Liberals, with Carney advising them, wrote off $5 billion in corporate taxes—including $1 billion for just five companies. Meanwhile, the CRA was busy auditing small businesses and charities.
A Poilievre government will end Carney’s two-tier tax system, where elites get loopholes and working people get audited.
Conservatives will:
- Close Carney’s offshore tax loopholes. Poilievre has already announced that he will appoint a Bring It Home Tax Task Force to make tax rules fairer, simpler and easier to administer. The same task force will also ensure that the Conservatives close all the loopholes that allow companies like Brookfield to stash their money in offshore tax havens to avoid paying their fair share here in Canada.
- Redirect CRA resources away from auditing and harassing small business owners and charities towards cracking down on offshore tax havens — collecting at least $1 billion more every year from those who try to hide their wealth overseas.
- Create a name-and-shame website to expose all the wealthy multinational corporations that are dodging taxes and refusing to pay their fair share.
- Expand the Offshore Tax Informant Program, giving whistleblowers up to 20% of recovered funds when they help expose illegal tax schemes.
“After the Lost Liberal Decade, Canadians earn less, are taxed more, and pay higher prices for everything. But well-connected Liberal insiders like Mark Carney have never had it so good,” said Poilievre. “It’s time to flip the script. My new Conservative Government will put hard-working Canadians First—For a Change, letting them keep more of what they earn, while cracking down on offshore tax havens for rich insiders.”
