CANADIAN PLATFORMS OF THE BIG THREE
ECONOMY, TAXES AND POCKET BOOK ISSUES Cosnservatives: - Introduced a "family tax cut'' that allows couples with children under age 18 to split up to $50,000 of income; caps non-refundable benefit at S2,000. - Retain Income Splitting for families. - Increased annual contribution limit for tax-free savings accounts (TFSAs) to $10,000 from $5,500. - Increased Universal Child Care Benefit to $ 6o a month for children under age six, up from $100; added new monthly benefit of $ 6o for children age six to 17. - Reduced small-business tax rate to nine per cent from current 11 per cent by 2019; have reduced corporate tax rate from about 22 per cent to 15 per cent. - Promise to balance the budget this fiscal year. - Increased eligibility age for receiving Old Age Security benefits to 67 from 65. - Are examining ways for Canadians to voluntarily contribute more to the Canada Pension Plan. *********************************************************** The Liberals promi