|
|
A Stronger, Safer, Better Canada
Innisfil Scope
April 3, 2007
By Peter Van Loan, MP, York-Simcoe
Canada’s New Government’s has delivered its
second budget. This economic plan reduces
taxes for hard working families, pays down
debt and invests in Canadians’ key
priorities like improving health care,
protecting our environment and making our
communities safer.
Here in York- Simcoe parents struggle daily
with the challenge of raising a family. We
need to make it more affordable for people
to have children, and to raise them. In
Budget 2007 we are creating a Working
Families’ Tax Plan. This plan has three
components:
- First, for families with children it includes a brand new
$2,000-per-child tax credit for children
under 18 that will help families to get
ahead.
- Second, we are ending the marriage penalty through an increase of the
spousal and dependant amounts to the same
level as the basic personal amount.
- Third, we are helping parents save for their children’s education, by
strengthening the RESP program.
We are also taking action to ensure that our
seniors can live in dignity. In Budget 2007
we’re helping seniors by raising the age
limit for RRSPs to 71 from 69 years,
increasing the age credit by $1,000 and
permitting pension income splitting.
75% of the personal income tax reductions in
Budget 2007 will go to Canadians earning
$75,000 or less. Since being in power,
Canada’s New Government has introduced
nearly $38 billion in individual tax relief
over this and the next two fiscal years.
Our government is also lowering our national
mortgage by $9.2 billion – on top of the
$13.2 billion we have put against the debt
since elected. That is the equivalent to
$700 dollars in debt relief for every
Canadian.
Lower debt will mean lower interest
payments, which will mean lower taxes.
Through our Tax-Back Guarantee, every dollar
saved from lower interest payments will be
returned to Canadians through personal
income tax reductions.
Budget 2007 also provides a total of $2.6
billion in new health care investments, as
well as an increase in health transfers.
This means our government will transfer $44
billion in health care funding to the
provinces and territories over the next two
years.
Preserving our environment is a priority for
all Canadians. In Budget 2007, Canada’s New
Government has invested $12 million to
protect Lake Simcoe’s environment.
We have also taken action to make our
communities safer. Many serious crimes that
we read about today, including gang
activity, link back to the drug trade. As a
result, we are launching a new National
Anti-Drug Strategy to combat the use of
illegal drugs. We are also providing funding
to protect children from online sexual
exploitation and to assist investigators in
suspected cases of human trafficking.
Our actions today will create a Canada that
we will be proud to pass on to our children
and grandchildren—a Canada with a standard
of living and quality of life that are
second to none. Canada’s New Government is
working for all Canadians to build a
stronger, safer, better Canada.
>>> Read More
Articles <<<
|
|
