{"id":16304,"date":"2025-02-12T00:34:55","date_gmt":"2025-02-12T00:34:55","guid":{"rendered":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/12\/cut-taxes-capped-credit-card-fees-among-liberal-leader-hopeful-chrystia-freelands-platform\/"},"modified":"2025-02-12T00:34:55","modified_gmt":"2025-02-12T00:34:55","slug":"cut-taxes-capped-credit-card-fees-among-liberal-leader-hopeful-chrystia-freelands-platform","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2025\/02\/12\/cut-taxes-capped-credit-card-fees-among-liberal-leader-hopeful-chrystia-freelands-platform\/","title":{"rendered":"Cut taxes, capped credit card fees among Liberal leader hopeful Chrystia Freeland\u2019s platform"},"content":{"rendered":"


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Liberal leader candidate Chrystia Freeland<\/a> released her campaign platform on Tuesday, based on saving money for Canadians.<\/p>\n

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She said that she would cut taxes on income and new housing, cap credit card interest rates, tackle rising grocery costs and build more child care spaces.<\/p>\n

Freeland said she would cut taxes for middle-class Canadians and in her first year as prime minister she would cut the second income tax bracket rate from 20.5 per cent to 19 per cent, saving Canadians $550 per year, or $1,100 for a couple.<\/p>\n

She plans to eliminate the GST on new homes for first-time buyers and remove the federal tax on new homes worth up to $1.5 million for first-time buyers.<\/p>\n

Freeland said she will cap credit card interest rates at 15 per cent and work towards a 10 per cent cap.<\/p>\n

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When it comes to lowering grocery prices, Freeland said her government will cap profit margins on \u201cessential\u201d groceries, including eggs, milk, fruits and vegetables, canned goods, and baby formula.<\/p>\n

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She would bring competition to the grocery market by banning grocers from owning the entire supply chain and offer low-cost financing to attract new and independent grocers and will consider opening the market to foreign grocers, excluding American chains.<\/p>\n

Freeland said she will also build 100,000 more $10-a-day child care spaces by \u201crequiring new or renovated federal office buildings to build child care spaces; and, Offering new or renovated space in federal buildings to non-profit providers free of charge, and lowering existing rents for non-profit providers to zero dollars within sixty days,\u201d according to her campaign press release.<\/p>\n

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