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
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.
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?
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/
VERB the NOUN
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?