The Ches Crosbie-led Tories are pledging to cut the payroll tax as an incentive for some businesses to employ more full-time staff over part-timers.
It’s one of several tax-related policies unveiled by the PC Party in St. John’s this morning.
Crosbie cited the recent Dominion strike as an example of where the payroll tax cut might’ve come in handy after the grocery chain was criticized for converting more and more full-timers to part-time as a way to save money on salaries and benefits.
He says in essence, he’s telling such companies they won’t get the payroll tax relief if they continue to turn full-time employees into part-timers. He says it’s an incentive for companies, especially the bigger corporations, to keep their full-time staff on the payroll.
The Tories also announced a hiring tax credit as another mechanism to spur businesses to hire more workers, with a plan to invest some of the income tax paid by new hires back into the business that hired them.
A third tax policy relates to a credit for relocating to the province while still working with technology that links them to their employer wherever they’re based around the world.