As the federal election entered its second week, Conservative leader Pierre Poilievre announced a new economic policy proposal aimed at reducing investment taxes and viewing his party as the best option to support U.S. President Donald Trump.
Speaking at a plastics manufacturing plant in North York, Ontario on Sunday, Poilievre said Canada’s first reinvestment tax cuts were designed to incentivize Canadian investors to delay their tax losses in Canada’s taxes, thereby incentivizing Canadian investors to reinvest domestically.
Meanwhile, during a campaign in Port Moody, British Columbia, New Democratic leader Jagmeet Singh said the Conservatives seemed to feel “internal chaos” about how to respond to the United States.
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Poilievre puts his campaign more directly on the threat posed by the United States, believing that tax cuts will put billions into the economy to help Canada crack down on Trump’s tariffs from a strength standpoint.
The conservative leader cites how the $460 billion invested to the U.S. in 2023 alone is more than returning to Canada.
He promised that the tax breaks would allow more investment in Canada and boost economic growth. “These investments will rebuild our industry, restart our economy, and make us self-reliance and sovereignty for Americans,” Poilievre said.
He further promised that such tax breaks would allow more pipelines, mines, factories and export terminals to use Canadian goods overseas.
Liberal leader Mark Carney has no plans to hold a public event on March 30.
Global news ipsos poll released on Sunday showed that 44% of Canadians view Carney as the best choice for the next prime minister, compared to 33% for Poilievre and 8% for Singh.
The election will be held on April 28.
– Canadian media files
& Copy 2025 Global News, a division of Corus Entertainment Inc.
