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Fiscal Policy

The Green Party will reform the tax system so that our urge to pay less in taxes is aligned with our need for a more sustainable lifestyle.

The Green Tax Shift

greening our policy
No one enjoys paying taxes. We would all like to avoid them if we could. The Green Party will reform the tax system so that our urge to pay less in taxes is aligned with our need for a more sustainable lifestyle. This is the essence of the green tax shift - make payrolls less expensive and resources more expensive so the market will create more jobs and less waste.

Lowering taxes on income is one of the best ways to support job creation. The Green Party will reduce the marginal tax rate on the lowest federal tax bracket to give Canadians a tax cut of $3.5 billion.

The Green Party will maintain the current schedule for reducing corporate income taxes to encourage reinvestment. We will revise the corporate capital tax to allow a tax cut for businesses with progressive social and environmental practices.

Increasing Taxes on Pollution

Acid raindrops?
The Green Party will phase in tax increases on CO2 and health damaging emissions, moving toward a full-cost accounting of these harmful pollutants. We will phase out subsidies that encourage waste and unsustainable business practices. These taxes will be a step toward a heather economy, the creation of "green collar" jobs and meeting our Kyoto targets.

The Green Party will:
  • Increase gasoline and diesel taxes by ten cents per litre over three years.
  • Phase in a tax of $10 per ton on coal consumption over three years.
  • Remove tax breaks on pesticides.
  • Exclude ethanol blends and biodiesel from fuel tax increases.
  • Use half the revenue from pollution taxes to decrease income taxes - one quarter for efficiency-increasing tax breaks and one quarter toward industry initiatives that reduce fuel consumption.
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