«The election is quickly approaching, so here’s a breakdown of what the two main parties are actually promising on the issues that matter most to Canadians.
Let’s start with taxes. The Liberals want to cut 1% from the lowest tax bracket. This would save a family $825. The Conservatives would lower it from 15% to 12.75%, which translates to savings of $1,800 per family.
Capital Gains The Liberals say they will not increase the capital gains tax. So, congratulations, I guess. Not raising taxes isn’t really something to brag about. In contrast, the Conservatives will allow you to defer the capital gains tax if you reinvest in Canada. This is significant because it can accelerate the growth of your personal wealth and help grow the economy.
Housing The Liberals are offering a $50,000 GST rebate for first-time homebuyers purchasing houses under $1 million. The Conservatives responded with up to $100,000 in savings through a larger GST reduction and by cutting municipal fees for all new homes.
In terms of volume, the Liberals are promising 500,000 homes per year. The Conservatives have pledged 2.3 million homes over five years, with permitting speeds tied to federal funding to accelerate the approval process. The big difference here is that the Conservatives will cut bureaucracy, while the Liberals will invest more in government agencies. So you tell me which one will get built faster.
Immigration The Liberals want 395,000 new immigrants in 2025, decreasing to 365,000 by 2027. The Conservatives are pushing for pre-Trudeau-era numbers with a maximum of 200,000 to 250,000 people, directly linked to housing supply, and are also promising stricter border controls.
So, I think we know which option is better for Canada.»
