Election 2021 news brief: August 18, 2021

Future of Good members get an in-depth Election 2021 news brief sent right to your inbox 3x a week, giving you the high-level info you need to stay current. Our special coverage equips you with actionable insights to help you and your team understand and prepare for what a new federal government could hold. If you like our content, please consider becoming a member. See a snippet of the brief below.


As Canada’s election kicks into full gear, the federal parties have been unveiling their visions for the country’s COVID-19 recovery. The Conservative Party was the latest to do so on Monday, with leader Erin O’Toole debuting a plan focused on addressing the economic devastation wrought by the pandemic. The Parliamentary Budget Officer has yet to cost out the plan, but party officials say it’s in the works. When it comes to social policy, the Conservatives’ platform includes:

  • The creation of one million jobs to recover those lost during the pandemic by paying up to 50 percent of the salaries of new hires once the current Canadian Emergency Wage Subsidy (CEWS) expires
  • The commitment to connect all of Canada to high-speed internet by 2025
  • The replacement of the current national childcare plan with a refundable tax credit to cover up to 75 percent of the childcare costs for lower-income families
  • A revision of the current carbon pricing regime that would see the levies paid on fossil fuels banked in personal “low carbon savings accounts” instead of channeled into tax money
  • An increase to employment ownership of Canadian companies by creating trusts with tax advantages for company owners to sell to their workers
  • The building of one million homes in three years, alongside incentives for the private sector to help build affordable housing
  • A boost in funding to provinces for mental healthcare, including incentives for employers to provide mental health coverage
  • The creation of a Canadian Indigenous Opportunities Corporation to support First Nations and Inuit organizations seeking to purchase equity stakes in major projects

 

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