Minority Rights, Fair Government, & Democracy

Tax fairness platforms

Here's what the 2025 Canadian election parties are promising.

Liberal

  • Conduct an expert review of the corporate tax system

    "Conduct an expert review of the corporate tax system based on the principles of fairness, transparency, simplicity, sustainability, and competitiveness." — liberal.ca, retrieved 2025-04-23

  • Lead an international effort to get a fair and consistent set of international tax rules completed

    "Lead an international effort with partners in Europe and across the G7 to get a fair and consistent set of international tax rules completed, as proposed by the Organization for Economic Cooperation and Development (OECD). We will not surrender on rules that ensure large multinational companies pay a fair and consistent share of the profits they earn in a country." — liberal.ca, retrieved 2025-04-23

  • Use technology to identify and prosecute instances of tax evasion, fix loopholes, and enforce tax law

    "Leverage technology at the Canada Revenue Agency to better identify and prosecute instances of tax evasion, fix loopholes, and strengthen enforcement." — liberal.ca, retrieved 2025-04-23

Conservative

  • Create a task force to streamline tax rules, and task it to close offshore tax haven 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 we 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." — conservative.ca, retrieved 2025-04-17

    "After a decade of increasing complexity and loopholes that benefit the wealthy and well-connected, it’s time to bring fairness and simplicity back to our tax system. We'll put people who actually build things in charge of designing a tax code that works for the Canadians who actually do the work. Within 60 days of forming government, we will launch a Tax Reform Task Force made up of farmers, builders, entrepreneurs, economists and workers—not Ottawa insiders. Their job will be to deliver a simple, fair tax code that:

    1. Rewards work and saving.
    2. Closes loopholes for the wealthy and well-connected.
    3. Eliminates unnecessary red tape.
    4. Makes it easier for Canadians to file and understand their taxes."

    Change, retrieved 2025-04-23

  • Redirect CRA resources from auditing small businesses and charities to target offshore tax havens

    "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." — conservative.ca, retrieved 2025-04-17

  • Create a website to name-and-shame wealthy multinational corporations dodging taxes

    "Create a name-and-shame website to expose all the wealthy multinational corporations that are dodging taxes and refusing to pay their fair share." — conservative.ca, retrieved 2025-04-17

  • Give people who blow the whistle on illegal offshore tax schemes 20% of recovered funds

    "Expand the Offshore Tax Informant Program, giving whistleblowers up to 20% of recovered funds when they help expose illegal tax schemes." — conservative.ca, retrieved 2025-04-17

Bloc

  • Lutter contre l’évasion et l’évitement fiscal
  • S’opposer à toute normalisation du recours à l’évitement fiscal par le gouvernement fédéral au bénéfice des entreprises qui ne payent pas leur juste part d’impôt
  • Exiger que les revenus des compagnies canadiennes comptabilisés dans les paradis fiscaux ne soient pas exonérés d’impôt lorsqu’ils sont rapatriés au Canada
  • Appuyer un impôt minimal pour les multinationales, comme convenu à l’OCDE
  • Protéger les lanceurs d’alerte et agira pour enrayer la fraude

    Le Bloc Québécois déposera un projet de loi pour protéger les lanceurs d’alerte et agira pour enrayer la fraude plutôt que traquer les dénonciateurs.

  • S’opposer à l’annulation de la taxe sur les services numériques et militer pour que les fonds récoltés soient redistribués dans le milieu culturel

    Le Bloc Québécois s’opposera à l’annulation de la taxe sur les services numériques réclamée par Donald Trump. Il militera pour que les fonds récoltés soient entièrement redistribués dans le milieu culturel et gérés par celuici, et exemptent les entreprises canadiennes qui sont victimes du piratage de leur propriété intellectuelle.

NDP

  • Maintain the capital gains inclusion rate changes the current government introduced

    "We will maintain the capital gains inclusion rate changes which the Liberal government flip flopped on, and was opposed all along by the Conservatives. As the Minister of Finance said at the time, “only 0.13 per cent of Canadians—with an average annual income of $1.4 million—will be affected by this change in any given year. But millions more, especially younger Canadians, will benefit from it.”" — ndp.ca, retrieved 2025-04-19

  • Tax income from flipping stocks at the same rate as income from wages

    "Income from flipping stocks should not be taxed at a lower rate than the wages earned by a nurse, a carpenter, a pipefitter, or a teacher. We will rebalance the tax system to ensure it values work as much as wealth." — ndp.ca, retrieved 2025-04-19

  • Set a graduated wealth tax of 1% for wealth between $10M and $50M, 2% from $50M to $100M, and 3% for households with net worth over $100M

    "For those at the very top, super-rich multi-millionaires with over $10 million in wealth holdings, we will put in place a graduated wealth tax of 1% for wealth between $10 million and $50 million, 2% from $50 million to $100 million, and 3% for households with net worth over $100 million." — ndp.ca, retrieved 2025-04-19

  • Set a 2% surtax on corporations earning over $500M in profits

    "We will put in place a 2% surtax on the most profitable corporations – those earning over $500 million in profits." — ndp.ca, retrieved 2025-04-19

  • Set a 15% minimum tax on corporate book profits
  • End tax agreements with known tax havens
  • Require corporations to prove a genuine business reason for offshore accounts
  • Increase funding for the Canada Revenue Agency by $200M to help enforce laws against corporate tax avoidance

    "We will take additional measures to tackle corporate tax avoidance, including instituting a 15% minimum tax on corporate book profits, ending tax agreements with known tax havens, requiring corporations to prove a genuine business reason for offshore accounts, and providing additional resources to the Canada Revenue Agency to step up enforcement." — ndp.ca, retrieved 2025-04-19

Green

  • Increase the corporate tax rate from 14% to 21% for businesses with profits over $100M

    "Increase the corporate tax rate from 14% to 21% for businesses with profits over $100 million ($44 billion in revenue)." — Change: Vote For It, retrieved 2025-04-25

  • Introduce a permanent 15% Excess Profit Tax on large corporations, including banks, grocery chains, and fossil fuel companies

    "Introduce a permanent Windfall Tax (Excess Profit Tax) on large corporations, including banks, grocery chains and fossil fuel companies, to prevent profiteering at the expense of Canadians. This tax will apply at a rate of 15% on profits exceeding 120% of a company’s average profits over the previous four years, ensuring that large corporations contribute fairly when they generate excessive gains." — Change: Vote For It, retrieved 2025-04-25

  • Implement a 0.35% Financial transaction Tax on trades involving stocks, bonds, derivatives, and currencies, to curb speculation

    "Implement a 0.35% Financial Transactions Tax (Tobin Tax) on trades involving stocks, bonds, derivatives, and currencies. This measure will help curb speculative trading practices that destabilize markets and generate significant revenue for social, economic, and environmental programs."

  • Apply a corporate tax on transnational e-commerce companies operating in Canada
  • Implement a progressive wealth tax on net wealth above $10M

    "Implement a progressive wealth tax on net wealth above $10 million. The tax would apply at a rate of 1% on net wealth over $10 million, 2% on net wealth over $50 million, and 3% on net wealth over $100 million. This policy would impact only .5% of Canadian households." — Change: Vote For It, retrieved 2025-04-25

  • Apply a net wealth-based exit tax of 35% on assets over $10M for individuals renouncing Canadian tax residency

    "Strengthen Canada’s exit tax to prevent the ultra-wealthy from avoiding taxes by moving assets abroad. We will apply a net wealth-based exit tax of 35% on assets over $10 million for individuals renouncing Canadian tax residency, ensuring those who have benefited the most from Canada’s economy must contribute significantly before leaving. Loopholes that allow tax avoidance through corporate structures and exempt assets will also be closed." — Change: Vote For It, retrieved 2025-04-25

  • Apply a progressive tax only to profits over $10M, and limit the ability to deduct past investment losses to a maximum of 10 years

    "Ensure fair taxation of extreme capital gains by applying a progressive tax only to profits over $10 million. To prevent wealthy investors from avoiding taxes indefinitely, we will also limit the ability to deduct past investment losses to a maximum of 10 years." — Change: Vote For It, retrieved 2025-04-25

  • Revise the Select Luxury Items Tax to remove loopholes, increase tax rates on private jets and super-yachts, and exempt Canadian-made vessels

    "Revise Canada’s Select Luxury Items Tax Act to eliminate the “lesser of” rule and apply a flat luxury tax rate (e.g., 10% or higher on the full purchase price).

    » Increase the tax rates for extreme wealth purchases (e.g., higher rates for private jets and superyachts.)

    » Close corporate loopholes that allow businesses to buy these assets to avoid the Select Luxury Items Tax.

    » Exempt Canadian-made commercial and recreational vessels from the Select Luxury Items Tax, to support small manufacturers and coastal industries."

    Change: Vote For It, retrieved 2025-04-25

  • Work with international partners to implement a global minimum corporate tax and combat tax evasion
  • End tax agreements with known tax havens
  • Close stock options and capital gains tax loopholes

    "Close stock options and capital gains tax loopholes, which primarily benefit wealthy executives." — Change: Vote For It, retrieved 2025-04-25

  • Tax hidden funds and require proof of foreign business operations

    "End off shore tax evasion by taxing hidden funds and requiring proof of foreign business operations." — Change: Vote For It, retrieved 2025-04-25

  • Focus the CRA on identifying hidden wealth and recovering tax revenue lost in offshore tax havens, rather than auditing low-income Canadians
  • Eliminate the 50% corporate meals and entertainment expense deduction
  • Review and phase out corporate subsidies that don't deliver proven economic, environmental, or social benefits

    "Review and phase out corporate subsidies that fail to deliver proven economic, environmental, or social benefits, with priority given to eliminating subsidies that:

    » Distort markets without improving public well-being.

    » Contribute to corporate concentration of key industries.

    » Benefit large corporations disproportionately over small businesses and workers.

    » Are provided to corporations with majority foreign ownership, particularly U.S.-based firms, undermining Canadian economic sovereignty.

    » Fail to pass a cost-benefit analysis."

    Change: Vote For It, retrieved 2025-04-25

  • Mandate full public reporting on corporate tax benefits, grants, and loans

    "Increase transparency on business subsidies by mandating full public reporting on corporate tax benefits, grants, and loans — including which corporations receive them and their economic impact." — Change: Vote For It, retrieved 2025-04-25

  • Create an independent Federal Tax Commission to continuously review tax fairness

Looking for the parties' positions on other topics?

See our full 2025 Canadian election platform comparison