HAH! #14 (en francais)

HAH! #14 - Fiscal

In honour of the Liberal's stellar budget forecasting performance, created on the back of average working Canadians.

For seven straight years, the federal government and the finance minister have been misleading Canadians on the country’s finances. Budget surpluses have been underestimated by $86 billion and reports indicate that the federal government will once again have a multi-billion dollar budget surplus this year, mirroring last year’s budget which was forecast at $1.9 billion but came in at $9.1 billion.

The Conservative Party of Canada believes in honest budgeting and will push for an accurate forecasting process by implementing an independent parliamentary budget office which will oversee government accounts and spending. More...

Conservative Party of Canada Policy - E) Fiscal

19. Tax Relief
i) A Conservative Government will provide immediate and long-term broad based tax relief, starting with reducing personal income tax rates and substantially raising both the Basic Personal Exemption and the Spousal Exemption under the Income Tax Act. Reducing personal income taxes will hike the take home pay and raise the living standard of all Canadians.

20. Family Tax Fairness
i) A Conservative Government will create tax fairness for families by eliminating inequities between single and dual income families and introducing a deduction for dependent children.

ii) A Conservative Government will amend the Income Tax Act to eliminate all tax disadvantages to families including those who care for children at home and to recognize the economic value of stay at home parents by introducing tax fairness measures such as income splitting.

(iii) The Conservative Party also recognizes that many of our seniors lived on single family incomes as one parent stayed home and cared for their children. Our seniors deserve tax fairness to eliminate the discrepancy between single and dual family income in retirement. A Conservative Government will review income splitting as a means of creating this tax fairness.

21. Spending Controls
A Conservative Government will strengthen enforcement and criminal code penalties for fraud involving the misuse of tax dollars.