All the major parties, with the exception of the Bloc Québécois, are now promising to cut federal income taxes for low-income Canadians, by varying amounts. The Liberals have proposed a very small cut for the lowest income tax bracket, while the Greens want to eliminate income tax for Canadians earning up to $40,000 a year. You can compare all the party positions here: Conservative Party: Reduce the tax rate on the lowest income bracket (up to $57,375) from 15% to 12.75%. Source: party website Liberal Party: Reduce the tax rate on the lowest income bracket (up to $57,375) from 15% to 14%. Source: Financial Post NDP: Raise the basic personal amount (tax-free income) to $19,500. Source: party website Green Party: Raise the basic personal amount (tax-free income) to $40,000. Source: party website People's Party: “Cut personal income taxes… after the deficit has been eliminated, over the course of several budgets, as the fiscal room is found to allow it...
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