THUNDER BAY – “Since taking office in 2006, our Government has consistently lowered taxes on Canadian families so they can keep more of their hard-earned money and have the financial security to raise their children and plan for a stable future,” stated Prime Minister Harper. “Thanks to our low-tax plan, the average Canadian family is already paying $3,000 less in taxes each and every year.”
As part of his low-tax plan, Stephen Harper’s Government created the Tax-Free Savings Account in 2008 to help Canadians save and invest up to $5,000 per year to spend — tax-free — on their future priorities. This measure has been a tremendous success. Over 4.7 million Canadians are now taking advantage of the Tax-Free Savings Account to save for the future and enhance their financial security and stability.
“Clearly this is a good plan to help families, and lower taxes for hard working families,” stated Richard Harvey, the Conservative candidate in Thunder Bay Superior North.
“By increasing tax-free savings accounts families can lower their taxes and plan for the future. I believe in putting more money in the pockets of hard working canadian families and helping them plan for their future. Letting them plan the type of future they want,” added Harvey. “This is in stark contrast to the opposition parties whose high tax agenda makes every day life harder for struggling families and makes it difficult to plan for the future”.
“The choice is clear”, says Harvey, “A low tax plan that respects families abilities to plan their future or a high tax agenda that will set families back”.
The Prime Minister noted that doubling the annual limit Canadians can contribute to their Tax-Free Savings Account will make it easier to save and plan for the future, and will reduce their taxes over time. “The Tax-Free Savings Account lets Canadians keep more of their own hard-earned money to invest in their own priorities,” said Harper. “Doubling the annual contribution limit will help families save to purchase a car, renovate their home, start a small business or retire with greater financial security and stability.”