NDP PLATFORM COSTS SEPTEMBER 28

 

 

None of the Parties are providing cost estimates for 2015-16

 

New Democratic Party Election Promises

 

 

2016-17

2017-18

2018-19

2019-20

 

($ millions)

 

 

 

 

 

 

 

 

 

 

 

1. Uses of Funds

 

 

 

 

 

    Jobs and Infrastructure

 

 

 

 

 

      Small business tax rate

 

375

525

225

 

      Extend ACC allowance

 

10

10

10

10

      Innovation Tax Credit

 

40

40

40

40

      LSVCC Tax Credit

 

140

140

140

140

      Infrastructure (1ct of gas tax)

 

420

1,000

1,250

1,500

      Transit Infrastructure Fund

 

1,300

1,300

1,300

1,300

      Auto Sector Jobs Strategy

 

25

50

50

75

      National Aerospace Jobs Plan

 

25

50

50

75

      Destination Canada

 

5

10

15

 

      Forestry

 

26

26

26

26

      Other

 

677

352

312

129

      Total

 

3,043

3,503

3,418

3,295

 

 

 

 

 

 

    Health and Seniors Care

 

 

 

 

 

      Seniors Initiative

 

355

450

450

450

      Other

 

 

490

1,140

2,050

      Total

 

355

940

1,590

2,500

 

 

 

 

 

 

    Helping Families Get Ahead

 

 

 

 

 

      $15 a Day Child Care

 

500

1,250

1,964

2,634

      Bringing Families Together

 

194

69

 

 

      EI Benefit Enhancements

 

1,650

5,500

5,500

5,500

      Total

 

2,344

6,819

7,464

8,134

 

 

 

 

 

 

    Opportunities for Young Canadians     

140

251

405

586

 

 

 

 

 

 

    Safe and Secure Canada

 

 

 

 

 

      Increase Funding for Policing

 

62.5

62.5

62.5

62.5

      Joint Disaster Assistance

 

9

9

9

9

      Funding for Veterans

 

114

114

114

114

      Other

 

 

115

212

309

      Total

 

184.5

300.5

397.5

494.5

 

 

 

 

 

 

 

 

    Helping Where It Is Needed Most

 

 

 

 

      Retirement Income

 

?

?

?

?

      Poverty Reduction

 

?

?

?

?

      Social Housing

 

420

489

565

636

      Women’s Shelters

 

10

10

10

10

      Other

 

142

136

172

310

      Total

 

572

635

747

956

 

 

 

 

 

 

    Stronger Communities; Stronger Democracy

      Democratic Reform

 

?

?

?

?

      Science & Technology

 

?

?

?

?

      Language and Arts

 

?

?

?

?

      Total

 

157.7

195.7

223.7

243.7

 

 

 

 

 

 

    Supporting Indigenous Peoples

 

604

579

529

594

 

 

 

 

 

 

    Sub-Total

 

7,400

13,223

14,774

16,803

 

 

 

 

 

 

    Measures Announced But Not Included Above

      Increase ODA to 0.7% of GNI

 

350

1,400

2,800

4,200

      Restore 6% CHT Escalator

 

 

866

1,462

2,096

      Sports Canada

 

7

7

7

7

      Total

 

357

2,273

4,269

6,303

 

 

 

 

 

 

    Total Uses of Funds

 

7,757

15,496

19,043

23,106

 

 

 

 

 

 

 

2. Sources of Funds

 

 

 

 

 

    Increase corporate tax rate

 

3,700

3,700

3,700

3,700

    Cancel income splitting

 

1,995

2,050

2,100

2,165

    Reduce TFSA limit to $5,500

 

160

235

295

360

    Tax Integrity Measures

 

500

500

500

500

    End Fossil Fuel Subsidies

 

240

240

240

240

    Close Stock Options Loopholes

 

500

500

500

500

    Reallocate Unspent P3 Canada Funds to Infrastructure Canada (1)

    Maintain EI premium rates

 

1,650

5,500

5,500

5,500

    Other

 

65

65

64

64

    Total

 

8,810

12,790

12,909

13,029

 

 

 

 

 

 

3. Net Impact

 

 

 

 

 

    Including Only Those Measures in A “Balanced Budget”

 

1,410

-433

-1,866

-3,775

    Including All Measures Announced to Date

 

1,053

-2,706

-6,135

-10,078

As of September 28, 2015

1.     There are no savings from this initiative as it is a reallocation within the federal government accounting entity. In fact, there could be a net cost if reallocation is from lapses prior to 2016-17.

 

 

 

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