Federal NDP has unveiled the estimated financial implications of its election

The federal NDP has unveiled the estimated financial implications of its election commitments, proposing that the wealthy contribute more and projecting an increase of approximately $48 billion to the national debt over four years .

At a campaign stop in Burnaby on April 19, NDP leader Jagmeet Singh presented his party's platform, emphasizing, "It's clear, it's bold, and it's focused on the people who build this country." When questioned about the feasibility of increasing Canada's debt by $48 billion, Singh defended the decision as essential. "Amid a recession and a trade war, these are some of the toughest times. You can't cut your way out of such situations; you need to invest," he stated.

 The NDP pledges that every Canadian will have access to a family doctor and primary care by 2030, supported by additional hiring of healthcare workers and a pan-Canadian licensing program for practitioners. Singh noted, "We'll create residencies for qualified, internationally trained doctors who are already in Canada." Additionally, the party aims to implement a universal pharmacare program to cover costs for diabetes medication and birth control. Singh also outlined plans for a national rent control system and the construction of three million new homes over the next five years. 
The party intends to eliminate the GST on essential items like home heating, internet, and diapers, while also capping grocery prices on necessities such as pasta, infant formula, and frozen vegetables. "We want to implement measures that make life more affordable. Lowering grocery prices is crucial. We have proposed a price cap on essential food items, which has worked successfully in other countries, and we want the same for Canada," Singh remarked. The NDP's platform includes an expansion of employment insurance through extended coverage and increased minimum weekly benefits. To fund its initiatives, the NDP plans to introduce a "wealth tax" of 1–3 percent for individuals with assets exceeding $10 million, along with a 2 percent surtax on significant corporate profits for companies earning over $500 million.
The party also aims to reintroduce capital gains tax reforms—recently repealed by the Liberals—that would impose tax on capital gains exceeding $250,000. Singh also addressed the costed platform released by the Liberal Party just hours earlier, expressing concern over the tax cuts proposed by Liberal Leader Mark Carney. "His plan involves substantial cuts, which are not clearly defined, but he has repeatedly stated that these cuts will affect the operating budget, encompassing services and transfers like healthcare. I am deeply worried about the implications of that," Singh stated. The Conservative Party has yet to release its own costed platform.