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.