this post was submitted on 14 May 2025
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I think that increasing the basic personal exemption would have helped a lot more lower income Canadians
Yes, but functionally no one voted NDP this year, and that was their pitch, IIRC.
Wasn't it also the CPC plan?
The CPC had a plan?
VERB the NOUN
My bad, it was to lower the rate on the lowest bracket. https://www.conservative.ca/poilievre-to-cut-income-tax-by-15-for-the-average-canadian/
I don't know what Carney has planned, but a middle class tax cut could be this.
Edit: It is, but going from 15% to 14% instead of Poilievre's proposed 12.5% https://globalnews.ca/news/11180306/liberals-budget-middle-class-tax-cut/
It may yet be part of things: a promised cut to middle class taxes should infer inclusion of the poorer.
One would hope so, but I won't hold my breath.
why do they say it's for "middle class" if it's for poor people?
Make it an official tax bracket too, instead just a refund everyone qualifies for. I don't know why TF it's set up that way.