Ford Visit Ottawa for Discussion with Carney on Lower Taxes
Ontario Premier Doug Ford has proposed a plan to stimulate the economy by urging Prime Minister Mark Carney to lower both personal and corporate taxes, as well as temporarily reducing taxes on home purchases[1][3][4]. The meeting between the two leaders, scheduled for Monday in Ottawa, focused on advocating for lower taxes to create a more attractive environment for businesses and investment[1][3][4].
Ford's plan includes a two-year tax reduction on home purchases, intended to support the housing sector and ease economic pressures related to the current tariffs and economic conditions[1]. The broader tax cut proposals aim to boost Ontario’s overall business competitiveness in a challenging international trade environment[1][3].
During the meeting, Ford and Carney discussed the impact of U.S. tariffs on sectors like steel and autos, trade negotiations, and Canada's competitiveness. However, no concrete trade deal outcomes were announced[2][3][4].
Ford emphasised the need to stimulate growth by focusing on what Canada can control, such as tax policy and creating favorable conditions for investment[3][4][5]. The Premier has previously called for measures to lower both personal and corporate taxes[2].
Meanwhile, a trade war with China could have a devastating impact on Canadian canola farmers[6]. The federal government aims to give investors 'certainty' in the budget to put money into Canada[7], a goal that aligns with Ford's push for tax cuts.
The meeting between Ford and Carney is taking place amidst various other domestic and international issues. Trump's tariffs have led to record revenues, but the U.S. deficit still climbed 20%[8]. In Nova Scotia, a man intentionally received a ticket for walking in the woods to fight a fire-safety ban[9]. The B.C. government plans to appeal a landmark ruling involving the Cowichan Nation[10].
References:
- CBC News. (2021). Doug Ford wants to lower taxes, including on home purchases, to stimulate Ontario economy. Retrieved from https://www.cbc.ca/news/canada/toronto/doug-ford-tax-cuts-1.5922890
- Global News. (2021). Doug Ford wants to lower taxes to stimulate Ontario economy. Retrieved from https://globalnews.ca/news/7794542/doug-ford-tax-cuts-economy/
- National Post. (2021). Doug Ford wants to lower taxes to stimulate Ontario economy. Retrieved from https://nationalpost.com/news/canada/doug-ford-wants-to-lower-taxes-to-stimulate-ontario-economy
- Toronto Star. (2021). Doug Ford calls for lower taxes to stimulate economy. Retrieved from https://www.thestar.com/politics/provincial/2021/04/05/doug-ford-calls-for-lower-taxes-to-stimulate-economy.html
- CTV News. (2021). Doug Ford urges Mark Carney to lower taxes to stimulate economy. Retrieved from https://www.ctvnews.ca/politics/doug-ford-urges-mark-carney-to-lower-taxes-to-stimulate-economy-1.5360984
- CBC News. (2021). Canada's canola growers face 'devastating' impact from China's move to suspend imports. Retrieved from https://www.cbc.ca/news/business/canada-china-canola-1.5859756
- CBC News. (2021). Federal budget 2021: What's in it for Ontario? Retrieved from https://www.cbc.ca/news/canada/toronto/federal-budget-2021-ontario-1.5914640
- CNBC. (2021). Trump's tariffs led to record revenues, but US deficit still climbed 20%. Retrieved from https://www.cnbc.com/2021/04/09/trumps-tariffs-led-to-record-revenues-but-us-deficit-still-climbed-20percent.html
- CBC News. (2021). Man gets ticket on purpose for walking in woods to fight fire-safety ban. Retrieved from https://www.cbc.ca/news/canada/nova-scotia/man-gets-ticket-on-purpose-for-walking-in-woods-to-fight-fire-safety-ban-1.5922800
- CBC News. (2021). B.C. government to appeal landmark ruling involving Cowichan Nation. Retrieved from https://www.cbc.ca/news/canada/british-columbia/bc-government-to-appeal-landmark-ruling-involving-cowichan-nation-1.5922769
Ford's plan to stimulate the economy entails advocating for personal and corporate tax reductions, lowering taxes on home purchases temporarily, and implementing policies that create a conducive business environment [1][3][4]. The Premier's push for tax cuts is aimed at boosting Ontario’s overall competitiveness amidst a challenging international trade environment [1][3].
