A PC government will provide tax relief for families

One important step that a PC government would take to provide tax relief for families is to allow all couples to share up to $50,000 of their income for tax purposes.

For a typical family earning $70,000 – one spouse earning $50,000 and another earning $20,000, this plan would provide $476 in savings. For a single earner family earning $70,000 the savings would be nearly $1400.

Under Dalton McGuinty, Ontario families have been hit with more and more new and unexpected taxes, taking more and more out of the family budget. If Dalton McGuinty is re-elected, he will hike taxes again, just like he has done in the past.

QUICK FACTS
1) In 2003 Dalton McGuinty promised not to raise taxes but after the election brought in the largest income tax hike in Ontario history with his so called health tax – that doesn’t even go to health care.
2) In 2007 Dalton McGuinty promised not to raise taxes but after the election brought in the largest sales tax hike in Ontario history with his HST tax grab and sneaky eco-taxes.
3) Under Dalton McGuinty, hydro rates have increased eight times since 2003 by a total of 84 percent, and a whopping 150 percent for families with activated smart meters.
4) Despite promising Ontario families that his expensive energy experiments and Green Energy Act would only raise rates by 1 percent, Dalton McGuinty now admits in last year’s Fall Economic Update that bills will rise 46 percent by 2015.

BACKGROUNDER
How an Ontario PC Government Will Help Families:
- For the past eight years, more new and unexpected taxes and costs have been sprung on families in Ontario. The HST, health tax, eco taxes and skyrocketing hydro bills are just some examples.
- If Dalton McGuinty is re-elected he will raise taxes again, just like he has done twice before. And Ontario families will pay the price.
- A Tim Hudak government will provide tax relief for families and let all couples reduce their taxable income through income sharing.
- An Ontario PC government will change the tax system to allow all couples to share up to $50,000 of their income for Ontario tax purposes. For a typical family earning $70,000 – one spouse earning $50,000 and another earning $20,000, this plan would provide $476 in savings. For a single earner family earning $70,000 the savings would be as much as $1400
- This income sharing plan builds on the Government of Canada’s proposed Family Tax Cut. That plan is scheduled for implementation when the federal budget is balanced. A Tim Hudak government will call on Ottawa to implement their tax relief for families earlier, at the same time as Ontario’s in order for families to receive more tax relief sooner.
- While the federal government’s Family Tax Cut would enable income sharing for couples with dependent children under 18 years of age only, the Ontario PC income sharing plan would apply to all couples in Ontario, regardless of their family size.

What Else An Ontario PC Government Will Do To Help Families:
We will create more opportunities for newcomers to Ontario. We will make Ontario a magnet for the world’s best and brightest by reducing barriers for potential new Canadians. To ease newcomers’ transition we will improve transparency of foreign credential recognition and create a tax credit for employers who sponsor language training.

We will lower income taxes on middle-class families. A PC government will give families tax relief and spur economic growth by lowering income taxes 5% on the first $75,000 of taxable income, putting $258 back in the pocket of taxpayers earning $70,000 per year.

We will provide relief for families from rising hydro costs. A PC government would provide relief for families and seniors facing rising energy costs by removing the HST from home hydro and heating bills, and removing the debt retirement charge from home hydro bills.

We will unplug the mandatory “smart” meters. We will end mandatory so-called time of use pricing. We will stop forcing families to be showered and ready for school and work before 7 a.m. or compelling seniors to do laundry late into the night. The smart meters forced on our homes – at a cost that recently blew by $1 billion – have become nothing but government-sponsored tax machines. We will let you decide whether to use the time-of-use pricing system.

Changebook - the Ontario PC Party plan to bring change for Ontario families

For three days this weekend, more than 1,700 members of the Ontario Progressive Conservative Party (including 14 from this riding) attended training, education and technology presentations, and also listened to reports from the campaign manager, director of policy, staff and executive of the Party. On each day, there was also an important presentation by Tim Hudak.

At the conclusion, delegates were presented with the document that we will spend the next 18 weeks convincing Ontarians is a balanced plan for government. "Changebook" is the culmination of three years of consultations with Party members and citizens - the inspiration of thousands of conversations, letters, emails and phone calls.

Please take the time now to read it for yourself online at: http://www.changebook.ca

Or download it, here: http://www.ontariopc.com/pdf/Changebook_en.pdf

If you wish to obtain print copies (the party will make it available in 16 languages), please contact us.