Conservative leader makes stop in Pictou County
COALBURN – Small business was the focus of Jamie Baillie’s campaign Monday.
Nova Scotia’s Progressive Conservative leader made a stop at MacGregor’s Fabrications in Coalburn to announce the province would be a tax-free zone for small businesses if his party is elected in the Oct. 8 provincial election.
Baillie said by eliminating the tax, small businesses would be able to play workers instead of sending money to the government.
“Over four years, this single measure will put more than $62 million into the hands of small business owners,” he said. “When there are 43,000 unemployed Nova Scotians and many more who have gone out west or have given up hope, reducing the small business tax rate to zero is a concrete measure that will help create jobs and restore hope of a job to many.
“It’s change that works.”
In addition to the tax announcement, Baillie said the Progressive Conservative government would raise the small business threshold to $500,000.
The PC leader said the party will lay out the details of plan during release of its platform in the next week.
However, he did say government is going to eliminate the “cabinet slush funds” that give bailouts to companies.
As of 2013, the lower corporate income tax rate is 3.5 per cent. This rate applies to taxable income earned in the province of Canadian-controlled private corporations up to the Nova Scotia business limit of $400,000.
Baillie also promised to increase the small business threshold from $350,00 to $500,000. He believes that reducing that rate to zero will put more than $62 million into the hands of small businesses.
He said the high taxes that Nova Scotians pay now are not having an impact on the education and health care systems.
“We pay the highest tax in the country, but they don’t see that getting to our schools or hospitals because we have way too much administration,” he said.
He said his plan will get more money into the front lines of the schools and hospitals.
Baillie, who was joined at the press conference by Pictou County candidates Pat Dunn, Karla MacFarlane and Tim Houston, said he is confident he has a winning team here in the county.
“I do acknowledge in 2009, the last election, a lot of people who tend to vote blue, switched their vote and voted NDP and Pictou County is an example of that. I believe they were voting for changing the way the province has run and they were responding to promises by the NDP that they wouldn’t raise our taxes, they would balance the budget, they would keep (emergency rooms) open and they would create more jobs. None of those things happened.”