Policy alert - Macleans.ca

Policy alert

by

Jack Layton promises lower taxes for small businesses, higher taxes for big businesses.

Layton would push the corporate tax rate back up to the 19.5 per cent of 2008, instead of the 16.5 per cent under recent cuts by the Tory government … the NDP would cut the small-business tax rate to nine per cent from 11. It would also set up a job-creation tax credit that would give employers up to $4,500 for each new hire. And it would extend the accelerated capital cost allowance for four more years.