A re-elected Liberal government will give families an extra $1,500 every year, by cutting taxes for the middle class and lowering cell phone bills by 25 per cent.
Families are feeling stretched. Taxes, fees, and bills pile up while wages are not keeping up. Cell phone bills in particular put a lot of pressure on a family’s budget, with Canadians paying up to twice as much for wireless services than people in other G7 countries. Canadians deserve affordable options.
“Even with our record unemployment and job growth, wages aren’t always keeping up with the bills. This announcement is about providing support where it’s needed the most,” said Adam Vaughan.
To start, a re-elected Liberal government will:
- Ensure middle class Canadians, and the people working to join the middle class, pay no federal taxes on the first $15,000 they earn — saving the average family $585 in taxes each year;
- This means that about 700,000 more Canadians, including seniors and young people starting their careers, will pay no federal tax at all;
- And will lift about 40,000 Canadians out of poverty.
This will be done by raising the Basic Personal Amount (BPA) by almost $2,000 for people earning under $147,000 a year.
While Andrew Scheer’s tax plan would give a bigger break to wealthier Canadians, our plan lowers taxes the most for people who make less. This is about helping the middle class, and ensuring that the wealthy don’t get an extra hand up. Our tax cut would also help lift twice as many Canadians out of poverty than the Conservatives’.
A re-elected Liberal government will also reduce the cost of wireless services by 25 percent within four years, putting almost $1,000 back in the pockets of the average Canadian family every year. This will be done by:
- Working with telecom companies to offer plans at globally comparable prices;
- Encouraging Canadian competition in the market, and allowing the CRTC to step if that competition isn’t leading to lower prices; and
- Prioritizing consumer choice and affordability, and not simply the highest bidder, when awarding new wireless expansions.
“The Conservatives spent a decade cutting taxes for corporations and millionaires,” said Justin Trudeau. “Now, Andrew Scheer’s tax cut would benefit the wealthiest more than those who need it most. We know better. Millionaires don’t need another tax break. But the middle class does.”
Backgrounder: More affordable cell phone bills