Canada New Democrats vow to hike corporate taxes, run surpluses


  • World
  • Thursday, 17 Sep 2015

Canada's New Democratic Party (NDP) leader Thomas Mulcair speaks during the Maclean's National Leaders debate in Toronto, August 6, 2015. REUTERS/Mark Blinch

OTTAWA (Reuters) - Canada's left-leaning New Democratic Party said on Wednesday it would raise the corporate tax rate to 17 percent from the current 15 percent in its first term in office if it wins the Oct. 19 federal election.

The party, which has never governed federally, also vowed to run budget surpluses between C$3.02 billion (US$2.29 billion) and C$4.11 billion in each of its first four years in power.

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