What’s the real cost of the Trudeau-NDP Coalition to your wallet? We did the math

October 18, 2019

Justin Trudeau is scheming up a plot to cling to power by forming a coalition with the NDP. This is the coalition that you cannot afford.

We know that the Trudeau-NDP Coalition will mean:

  • Higher taxes;
  • Higher deficits;
  • And, fewer good-paying jobs.

But, what exactly does it mean for you? We did the math.

NDP Leader Jagmeet Singh has listed his five demands to be a part of the coalition:

  1. Wealth Tax
  2. Pharmacare
  3. Universal Dental Care
  4. Affordable Housing
  5. Removing Interest from Federal Student Loans

When you combine these promises with the Liberal platform, it will mean even bigger deficits and higher taxes.

The Liberal/NDP Coalition Deficits will average $34.7 billion over the next four years.

To pay just half of their deficits, the coalition would have to:

  • Raise the lowest personal income tax bracket from 15% to 19.5%
  • Raise the GST from 5% to 7.5%
  • Cut the Canada Health Transfer by 41%
  • Cut the Canada Social Transfer by 100%

Source: Liberal PlatformNDP Fiscal Plan

Source: PBO Ready ReckonerPBO Election Costing Baseline