Posted at 6:00 am
(Ottawa) Cost of living
- Doug Ford’s Progressive Conservative Party promises to raise the minimum wage, currently at $ 15 per hour, to $ 15.50 per hour effective 1eh October to pay for inflation that is harder for low -wage earners to get. He proposed raising the tax credit for low -income people from $ 850 to $ 875 and offering it to 700,000 more taxpayers.
- The Liberal Party will raise the minimum wage to $ 16 per hour. He also promises to eliminate the provincial portion of the aggregate sales tax on prepared foods worth less than $ 20, purchased at restaurants or food counters. Large box stores and supermarkets with annual revenues in excess of $ 1 billion will pay the bill.
- The New Democratic Party promises to raise the minimum wage by $ 1 a year, until it reaches $ 20 per hour by 2026. This will freeze taxes for low- and middle-income families.
- The Green Party will also raise the minimum wage by $ 1 annually without cover and add income supplements in areas where the cost of living is highest.
- The Progressive Conservatives have proposed to build 1.5 million new homes over the next 10 years, as recommended by the Affordable Housing Task Force. They will remove the red tape to expedite the project approval process for municipalities and are willing to change provincial law to allow them to lease homes that do not occupy. Since March 30, 2022, the government has imposed a 20% tax on real estate speculation across the province.
- The Liberals also promised the construction of 1.5 million new homes in 10 years, the reduction of red tape and the taxation of vacant homes. They want to restore control over rent to avoid greed and sudden increases.
- The New Democrats will get even closer by preventing landlords from raising the price of their rents after their tenants leave. They will introduce a 2% tax on the value of houses left behind and zoning reform to favor the construction of duplexes, triplexes and townhouses.
- The Greens will build 182,000 community homes in 10 years, 60,000 of which are for the most vulnerable. They will make inclusive zoning mandatory so that new buildings contain 20% affordable housing. Inspections of homes for sale will be mandatory and at the expense of the seller. They also promise to regulate rent increases.
- The Progressive Conservatives had already given up to $ 120 per driver by waiving vehicle registration fees, months before the election campaign began. The Doug Ford government also passed legislation in April to reduce fuel taxes by 5.7 cents and other fuel taxes by 5.3 cents over six months to mitigate rising prices. This measure will take effect on 1eh July.
- Each public transport trip costs only $ 1 under a Liberal government, anywhere in Ontario. The price of monthly passes will be limited to $ 40.
- The new Democrats will set gas prices through the Ontario Energy Board. They reduce auto insurance premiums, which can double from city to city.
- The Greens will cut public transport fares in half for at least three months across Ontario in response to rising gas prices. They will increase the provincial share of funding for public transport to reduce fare increases for users.