The party also wants to increase the top income tax rate, which applies to those making more than $210,000, by two points, to 35 per cent.The platform further reiterated previous commitments to close tax loopholes, including the CEO stock option deduction, and to tax 75 per cent of profits on investments, up from the current rate of 50 per cent.A large behavioural response is expectedThe NDP would likely need the extra tax revenue to pay for major spending promises, including a pledge to enact universal pharmacare in 2020 with annual federal funding of $10 billion, and to publicly fund dental care, vision care, mental health care and hearing care within 10 years. The party has not provided estimates of how much those promises would cost.deserve expanded health care services to cover people head to toe and we can do this when the very richest pay their fair share, Singh said in the news release.The Liberals added the costing of party platforms to the parliamentary budget officer mandate in 2017. To date, the PBO has estimated costs for just two NDP proposals the wealth tax and a promise to eliminate interest on all current and future federal student loans..
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