Conservative Leader Pierre Poilievre announced that he would introduce a new “Canada First TFSA Top Up,” allowing Canadians to invest an additional $5,000 annually in Tax-Free Savings Accounts if those funds support Canadian companies.
Poilievre says the measure will reward citizens who keep their money in Canada and strengthen the economy.
Under Poilievre’s plan, the current $7,000 TFSA limit would remain unchanged.
Canadians could invest up to $5,000 more each year, provided those contributions go toward businesses that employ Canadian workers and pay Canadian taxes.
Financial institutions and advisors would be responsible for identifying which stocks, mutual funds, and other investments qualify for the top up, using government guidelines.
“We’ve seen billions of dollars flow south over the past decade,” said Poilievre.
“Instead of allowing more of our industries and jobs to move abroad, we’ll make sure Canadians who invest at home get rewarded. This will help us stand up to Trump from a position of strength.”
Poilievre blamed Liberal policies for what he termed “The Lost Liberal Decade,” blaming higher taxes and blocked resource projects as drivers of investment leaving Canada.
“The Lost Liberal Decade has made Canada weaker, driving half a trillion dollars of investment south and making us more vulnerable to Trump’s threats,” said Poilievre.
“The choice for Canadians? A fourth Liberal term that keeps us weaker and poorer, or a new Conservative Government that puts Canada First – for a change – and brings home jobs and dollars. My Canada First TFSA Top-Up will do just that, by rewarding patriotic Canadians who invest in Canadian businesses and help grow our economy.”
He also criticized Prime Minister Mark Carney for relocating his company headquarters and investments to the United States and tax havens.
According to Poilievre, this weakened Canada’s economic position while benefiting Carney personally.
“Working with Trudeau, Mark Carney made Canada weaker and poorer; but working for himself, he made America stronger and himself richer,” said Poilievre.
”Instead of rewarding people for taking jobs and money out of Canada, as Carney and the Liberals did, we need a massive Bring It Home Tax Cut. The Canada First TFSA is about boosting Canadian businesses, unleashing our economy, so that we can stand up to Trump from a position of strength.”
