NDP Leader Tom Mulcair outlines party’s plan for sustainable economic growth

NDP Leader Tom Mulcair says if his party wins office he’ll restore the 15 per cent tax credit for union-sponsored corporations that invest in small and medium-sized businesses.

MONTREAL — NDP Leader Tom Mulcair says if his party wins office he’ll restore the 15 per cent tax credit for union-sponsored corporations that invest in small and medium-sized businesses.

Mulcair made the announcement Thursday during a speech at the Board of Trade of Metropolitan Montreal, where he discussed the party’s plan for sustainable economic growth.

The Conservatives removed the tax credit in their 2013 budget.

Individuals used to be able to receive the tax credit if they bought shares in these union-sponsored corporations.

“This purely ideological decision hurts the economy of all regions of Quebec and they’re already paying the cost,” Mulcair said.

Mulcair said he’d restore the credit, which helps working families save and invest in small and medium-sized businesses that are important to regional economies.

Liberal Leader Justin Trudeau also vowed to restore the credit when he outlined his party’s economic vision for the country in late February.

Mulcair also reiterated earlier promises to cut the small business tax rate by two points to 9 per cent as well as investing in infrastructure.

The federal NDP is riding high in the polls with successive surveys indicating the party is first place in Quebec and has a strong chance at winning government in the fall.

Mulcair will deliver another speech to Economic Club of Canada in Toronto next Tuesday.

Just Posted

Crime in Red Deer has risen from 2018, police commander tells council

Supt. Grobmeier is encouraged that second quarter is better than the first

Court dismisses challenge of deal that helps U.S. nab tax cheats in Canada

OTTAWA — A Canada-U.S. deal allowing Canadian financial institutions to send customer… Continue reading

Coke’s broadening palate drives sales

ATLANTA — Coca-Cola upped its revenue expectations for the year as new… Continue reading

Johnson’s win elevates ‘no-deal’ Brexit risks to UK economy

LONDON — With Boris Johnson confirmed as the next leader of the… Continue reading

Lamoureux twins start foundation to help disadvantaged kids

BISMARCK, N.D. — Jocelyne Lamoureux-Davidson and Monique Lamoureux-Morando, stars of the United… Continue reading

Canadian swimmer Kylie Masse wins second gold at world aquatics championship

GWANGJU, Korea, Republic Of — Canadian swimmer Kylie Masse has defended her… Continue reading

Pitt, DiCaprio and Robbie reconcile a changing Hollywood

LOS ANGELES — Once upon a time, not too far from Hollywood,… Continue reading

Toronto-raised sexologist Shan Boodram on winning ‘The Game of Desire’

Toronto-raised sex educator Shan Boodram wants to bring a more “human approach”… Continue reading

Oland murder case highlights costs required for successful defence

FREDERICTON — Dennis Oland didn’t receive special favours before the courts in… Continue reading

Tiny heart sensor giving Calgary doctors big advantage in ongoing patient care

CALGARY — A tiny wireless sensor is giving cardiovascular surgeons in Calgary… Continue reading

New NHL arena in Calgary back on the table, tentative agreement struck

CALGARY — Plans for a new arena in Calgary to replace the… Continue reading

‘Next big step’: Young Canadians lawsuit given approval to proceed

CALGARY — A lawsuit filed on behalf of several young men who… Continue reading

Most Read