Ontario NDP, Liberals release election platforms, promise billions in new spending [Video]

Ontario NDP Leader Marit Stiles talks with media after casting her ballot in her riding of Davenport in the Ontario provincial election, in Toronto, Thursday, Feb. 20, 2025. THE CANADIAN PRESS/Giordano Ciampini

Ontario’s NDP and Liberals are both pledging tens of billions of dollars in new spending to pay for their campaign promises, but are taking different approaches to the other side of the ledger, with the NDP proposing wealth taxes and the Liberals eyeing “efficiencies.”

The two parties released their full platforms Friday with less than a week to go until next Thursday’s election, and the Progressive Conservatives are set to release theirs on Monday. The Greens put out their platform on Feb. 12.

The NDP platform promises $70 billion in new spending over three years along with $37 billion in new revenue and savings, including tax increases.

The party estimates that new tax brackets for those earning $300,000, …