Justin Trudeau has cut important measures that helped families get ahead. He has raised taxes, with over 80% of middle-class families facing higher income taxes under his government (1). Under Justin Trudeau, people in our community are struggling to get by.
Conservatives have a plan to make life more affordable for you, which includes the following:
Universal Tax Cut
Our Universal Tax Cut, which is targeted specifically at taxpayers in the lowest-income tax bracket, will mean the tax rate on income under $47,630 will be reduced from 15 per cent to 13.75 per cent, making life more affordable for each and every Canadian.
This will allow an individual taxpayer to save as much as $440 on their taxes each year. A two-income couple earning an average salary would save over $850 per year. This means more money in your pocket, so you can get ahead.
Green Public Transit Tax Credit
This 15% tax credit for public transit users will result in hundreds of dollars of savings for every Canadian that uses it. Trudeau eliminated a similar tax credit, while simultaneously introducing a carbon tax, and failing to build public transit.
Unlike Justin Trudeau and his carbon tax, our plan will make life more affordable for transit users in our community.
Children’s Fitness Tax Credit
This tax credit will mean that parents can claim up to $1000 per child for expenses related to fitness or sports activities. Parents with children with disabilities can claim an additional $500 per child. We will also make the credit refundable, so low-income Canadians benefit most.
Justin Trudeau canceled a similar tax credit.
Children’s Arts & Learning Tax Credit
This important tax credit will allow parents to claim up to $500 per child for expenses related to arts and educational activities. This measure would also allow parents of children with disabilities to claim double the amount, up to $1,000 per child, per year. We will also make this credit refundable, so low-income Canadians benefit the most.
A new Conservative government would make this tax credit flexible, so children can get extra help studying a language or learning science, math or coding.
Boosting the Registered Education Savings Plan (RESP)
Under the Conservative plan, the government’s contribution to an RESP will rise from 20 per cent to 30 per cent for every dollar invested up to $2,500 a year. This important change would boost the maximum annual grant from $500 to $750, making life more affordable for families and students.
Removing GST off home heating costs
A new Conservative government would make life more affordable for Canadians by taking the GST off home heating costs. This measure could save a Canadian family $107 every year.
Green Home Renovation Tax Credit
Our Conservative Party has a real plan for the environment, one that does not include an ineffective carbon tax.
Under a new Conservative government, Canadians will be eligible to receive a 20% refundable credit on their income tax for green improvements to their homes of over $1,000 and up to $20,000. This would allow you to save up to $3,800 on your renovations each year.
Making home ownership more affordable
Justin Trudeau's damaging policies have put the dream of home ownership further and fighter out of reach for many in our community.
Conservatives have put forward a four-point plan to make home ownership more affordable. A new Conservative government will: