ELECTION 2015: Conservatives pledge single seniors tax credit

Tory break would translate into $300 less in annual tax for widows, single seniors with private pension income

Prime Minister Stephen Harper speaking earlier in the campaign in Surrey.

Prime Minister Stephen Harper sought to shore up Conservative support among older voters by promising a new tax break for single and widowed seniors if his government is re-elected.

The $2,000 tax credit would translate into up to $300 a year in reduced income tax for nearly 1.6 million single seniors who have private pension income beyond CPP and OAP.

Eligible seniors could combine it with the existing $2,000 pension income tax credit for a combined benefit of up to $600 a year.

“It is an affordable commitment,” Harper said Tuesday in North Vancouver, noting it will be phased in over four years at an eventual annual cost of nearly $400 million. “It helps the seniors who need it most.”

Both the NDP and Liberals have promised to increase the Guaranteed Income Supplement for lower income seniors.

The Liberals say their proposed immediate 10 per cent hike to GIS payments would add up to an extra $920 a year for a low-income senior.

The Conservatives have sought to portray Liberal and NDP promises as unaffordable and therefore unreliable.

The Liberals and NDP have also pledged to scrap the Conservatives’ 2012 decision to make many future seniors wait an extra two years until age 67 before becoming eligible for OAP and GIS. That change is to be phased in starting in 2023.

Both Opposition parties aim to expand CPP, drawing criticism from Harper that their approaches amount to hefty payroll tax hikes.

The NDP and Liberals both would unwind another Harper government change they say benefits only the wealthy – the increased $10,000 contribution limit for Tax Free Savings Accounts.

But both parties say they would preserve income splitting for seniors.

Earlier in the week, NDP leader Tom Mulcair pledged to bolster health care transfers to the provinces with an extra $1.8 billion.

Just Posted

Parksville hopes ‘cookies and carols’ become annual holiday tradition

Free, all-ages community event set for next month

City of Parksville rejected sharps disposal containers from Island Health

Mayor says cost of maintaining boxes too much for city

Nine animals find fur-ever homes after special Parksville SPCA event

Province-wide half-price adoption deal homes 212 animals

Man, 50, dies following incident in downtown Parksville

Teenage girl hailed as hero for intervening after witnessing situation unfold

Teen with cancer whose viral video urged Canadians to vote has died, uncle tweets

Maddison Yetman had been looking forward to voting in her first federal election since junior high school

Rowing Canada, UVic investigate celebrated coach for harassment, abuse

Lily Copeland says she felt intimidated and trapped by Williams

Fisherman missing near Lake Cowichan’s Shaw Creek

Family is asking for everyone and anyone to keep their eyes open,… Continue reading

BC VIEWS: Action needed on healthcare workplace violence

While we’ve been talking about it, the number of B.C. victims has only grown

Poole’s Land finale: Tofino’s legendary ‘hippie commune’ being dismantled

Series of land-use fines inspire owner Michael Poole to sell the roughly 20-acre property.

Port Alberni mom takes school district to court over Indigenous smudging, prayer in class

Candice Servatius, who is an evangelical Christian, is suing School District 70

MacLean says “Coach’s Corner is no more” following Cherry’s dismissal from Hockey Night

Cherry had singled out new immigrants in for not honouring Canada’s veterans and fallen soldiers

Closing arguments begin in B.C. case launched in 2009 over private health care

Dr. Day said he illegally opened the Cambie Surgery Centre in 1996 in order to create more operating-room time

Cleanup in the works after tanker truck fire leads to oil spill in B.C.’s Peace region

The province said the majority of the spilled oil likely burned away in the fire.

Most Read