Opinion: When it comes to tax cuts, remember it’s your money, not Ottawa’s
Most parties promise tax cuts, which is good. But analysis focuses on the 'cost' to Ottawa. Keeping your money is not a cost
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By Samantha Dagres
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A dollar for me, a dollar for them. That’s what being a taxpayer in Canada feels like. Between inflation, a trade war and economic stagnation, Canadians are stretched thin. But finally, like a crack in the wall that lets in the light, we’re hearing commitments from all parties about tax relief.
Nearly every major federal party is pledging income tax reductions. The Liberals want to reduce the rate for the lowest tax bracket from 15 to 14 per cent, saving the average Canadian about $400 a year. The Conservatives would go further, reducing the rate to