Increase the Age Credit to help our seniors get ahead
Today, Andrew Scheer, the Leader of Canada’s Conservatives, announced that a new Conservative government will increase the Age Credit by $1,000. This measure is part of the Conservative plan to put more money in the pockets of all Canadians to help them get ahead.
“The increase will benefit seniors with low or medium incomes most,” said Scheer. “Many seniors live on a fixed income and they are at the mercy of governments like Justin Trudeau’s, which has increased the cost of living and the price of everyday essentials.”
Since the Age Credit is income-tested, it will benefit low to middle income seniors. With this measure, an individual aged 65 could receive up to $150 more per year and a couple could receive up to $300 more per year.
“Our commitment is clear: it’s time for you to get ahead. This $300 tax relief for senior couples is on top of our Universal Tax Cut for all Canadians. We will also eliminate the GST from home heating costs and introduce the Green Public Transit Tax Credit. Seniors will benefit from all those tax cuts and file a single tax return in Québec, as we committed to do,” concluded Mr. Scheer.
This increase will be the third of its kind made by a Conservative government. In 2006, and again in 2009, Canada’s Conservatives increased the Age Tax Credit by $1,000.
Trudeau still hasn’t delivered on key promises for seniors he made in 2015
Justin Trudeau is planning to raise taxes on Canadian seniors and he still hasn’t delivered on key promises he made to seniors during the 2015 election.
Trudeau has raised taxes on seniors by hiking CPP premiums, cancelled tax relief for seniors that use public transportation, and will add 31 cents per litre to the price of gasoline.
He’s raised taxes all while failing to introduce the senior’s price index which has put even more financial pressure on Canadian seniors.
Unlike Justin Trudeau, Andrew Scheer has a plan to put more than $700 back in the pocket of seniors by reducing income taxes on pensions, taking GST off home heating, and cancelling the carbon tax.
Trudeau is making promises to seniors now because he needs your vote. But just like in 2015 he will break his promises because he is not as advertised.
Only an Andrew Scheer government can be trusted to stand up for seniors and help you get ahead.
That’s not even including the carbon tax, which will cost households (N.B. not individuals):
- In Ontario, the five-fold increase to the carbon tax would cost you $1,151.
- In New Brunswick, the five-fold increase to the carbon tax would cost you $959.
- In Manitoba, the five-fold increase to the carbon tax would cost you $1,116.
- In Saskatchewan, the five-fold increase to the carbon tax would cost you $1,930.
- In Alberta, the five-fold increase to the carbon tax would cost you $2,002.