MP David Tilson Pleased with 2015 Federal Budget
OTTAWA – David Tilson, Member of Parliament for Dufferin-Caledon, said today he was happy with the 2015 federal budget tabled by Finance Minister Joe Oliver.
“We’re back in the black and are continuing our focus on jobs and growth, which is what constituents tell me is most important to them,” said Mr. Tilson. “We’ve also delivered on commitments made in the last election on tax relief for families and other measures, all while the economy has generated an impressive 1.2 million net new jobs since July 2009.”
Mr. Tilson outlined that Economic Action Plan 2015 includes key measures to strengthen Canada’s economy, including:
Supporting Families: Economic Action Plan 2015 benefits 100% of families with children by lowering taxes and increasing benefits. An average family will receive $6,600 in support per year due to measures our government has introduced.
Tax Free Savings Account: Economic Action Plan 2015 proposes to increase the Tax-Free Savings Account annual contribution limit to $10,000, effective for the 2015 taxation year. There are now 11 million Canadians who have opened accounts to save money for their priorities.
Supporting Seniors: Economic Action Plan 2015 proposes to provide more flexibility for seniors by reducing the minimum withdrawal factors for Registered Retirement Income Funds to permit seniors to preserve more of their retirement savings. Economic Action Plan 2015 also proposes to introduce a new, permanent, non-refundable Home Accessibility Tax Credit for seniors and persons with disabilities.
National Security: To ensure that our Armed Forces continue to have what they need to accomplish the dangerous tasks Canadians ask of them, Economic Action Plan 2015 proposes increase National Defence’s budget by $11.8 billion over 10 years. We are also providing new funding to help counter violent extremism and terrorism.
Cutting Tax for Small Business: Economic Action Plan 2015 proposes to further reduce the small business tax rate down to 9% by 2019. Due to measures taken since we formed government, we have reduced taxes for small businesses by almost 50%.
While our government focused on creating jobs, Justin Trudeau has the same old Liberal high tax, high debt agenda that will threaten jobs and set working families back. Meanwhile, the NDP continues to push risky high-tax schemes like a $20 billion carbon tax that would hurt Canada’s economy and kill Canadian jobs. Only our Conservative Government can be trusted to manage Canada’s economy and keep taxes low for the people of Dufferin-Caledon.
The Province of Ontario will receive record high transfer payments to support health care, education, and social programs. Specifically, Ontario will receive $20.4B in federal transfers this year – an increase of $9.6B (or 88%) from under the old Liberal government.
“We are proud of our plan that is lowering taxes and providing benefits directly to families in Dufferin-Caledon for them to reinvest in the Canadian economy,” said Mr. Tilson