‘Victory Bonds’
Jagmeet Singh just announced an NDP government would launch Canada Victory Bonds -- which New Democrats describe as “secure, tax-free savings bonds” as a way for Canadians to resist “Donald Trump’s reckless trade war.”As detailed in an NDP news release, the bonds would be:
- Available in 5-year and 10-year terms, these bonds will pay a compounding interest rate of 3.5%—set 0.25% above the average 5-year bank GIC.
- Tax-free if held to maturity, a $100 bond will grow to $118.77 in five years, or $141.06 in ten.
- Bonds will be available via payroll deduction or over the counter, making it easy for Canadians to participate.
- Every dollar raised will be dedicated entirely to public infrastructure—not general revenue—supporting shovel-ready projects like roads, bridges, transit, ports, housing, and water systems that we will own for generations.
