LIBERAL-NDP POWER PACT PROMISES TO TACKLE HOUSING COSTS, TARGETS REITS, BANK PROFITS
The Liberal-NDP deal also promises to move ahead with a Homebuyer’s Bill of Rights that bans blind bidding for homes, establishes a legal right to a home inspection and requires real estate agents to disclose if they’re involved on both sides of a transaction.
The agreement also makes it nearly certain the Liberals will raise corporate income taxes on banks and insurance companies that earn more than $1 billion per year. The surtax, another Trudeau election promise, is supported by the NDP and the prime minister said Tuesday it’s a priority for the government.
In exchange for its support, the NDP gains greater legislative traction for its own priorities, including national dental care and prescription drug programs.
The parties said in a joint statement the deal will also advance efforts to create a previously-announced affordable child care program, boost green jobs that can help confront the climate crisis and introduce anti-scab legislation for federally regulated industries.
Story by: Financial Post
