Layton announces plan to reward job creators
March 30, 2011
“Stephen Harper’s jobs policy is across-the-board tax breaks, even to large profitable companies shipping Canadian jobs overseas,” Layton said. “It doesn’t work”.
“My plan will give small businesses a break and provide incentives to companies investing in job creation at home.”
Jack Layton’s plan will:
- Drop the small business tax rate from 11% to 9% - a 2 percentage point tax break that will help create jobs.
- Create a Job Creation Tax Credit for employers of up to $4,500 per new hire.
- Extend the Accelerated Capital Costs Allowance for the next four years.
- Restore the current Corporate Income Tax rate to 2008 levels and ensure Canada’s corporate tax rate always remains below the tax rate in the USA.
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