本文发表在 rolia.net 枫下论坛The Liberal government is committed to providing tax relief - putting more money in the hands of Canadians and making Canadian businesses more competitive. To create the right investment for future prosperity, our government recently announced a new tax reduction plan that will deliver more than $30 billion in personal and corporate tax relief over the current year and the next five years. The majority of this, 95 per cent, , will go to individual Canadians – especially low- and modest-income Canadians.
In Budget 2005, we increased to $10,000 the amount of income that all Canadians can earn without paying federal income tax. This will remove 860,000 taxpayers, including 240,000 seniors, from the tax rolls.
And we are reducing personal income tax rates, starting immediately by reducing the lowest rate to 15 per cent from 16 percent effective January 1, 2005, followed by 1-percentage-point reductions in each of the two middle rates by 2010. [ 相约加拿大:枫下论坛 www.rolia.net/forum ]
These measures will result in tax savings of about $3,300 over the current and next five years for a two-earner family of four with a $60,000 annual income.But while tax relief is important to maintaining a prosperous economy, it must be done in a balanced way. Our approach has allowed the Liberal government to pay down $61 billion on the national debt and moved Canada from having the second worst debt-to-GDP ratio in the G7 to having the best! Our decisive and responsible fiscal action has enabled us to transform Canada’s $42 billion deficit into record surpluses that are projected to total $54.5 billion over the next five years.
The Liberal government’s strong fiscal position and lower debt burden have meant more resources for building a better country rather than paying creditors. It has resulted in savings of more than $3 billion annually that can be reinvested in the highest priorities of Canadians, including health care, education, children and seniors.
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By introducing the Unanticipated Surplus Act, the Liberal government has demonstrated its commitment to budgets with balance. Under the Act all future surplus revenues will be equally split among personal income tax cuts, social spending and debt reduction.更多精彩文章及讨论,请光临枫下论坛 rolia.net