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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The corner of North Bluff Road and Stayte Road in White Rock was a hot-spot for signs promoting the five candidates vying for the MLA seat in the Surrey-White Rock riding. (Tracy Holmes photo)
South Surrey/White Rock voters have their say on issues that matter to them

Transportation, trains to COVID-19 are top of mind for Semiahmoo Peninsula residents

Upgrades underway at the Sunnyside Reservoir, adjacent to Sunnyside Acres Urban Forest, raised concerns among some residents Tuesday (Oct. 20), however, stewards of the park say everything went off without a hitch. (Tracy Holmes photo)
‘No issue’ with South Surrey reservoir drainage, despite trail user concerns: urban forest steward

Forest visitor taken aback by ‘unprecedented flooding’ of trails

A new 23-storey condo development – which might also house a new White Rock city hall space – is proposed for the current site of 3 Dogs Brewing on Johnston Road, and will be discussed by the Land Use and Planning committee on Oct. 26. (File photo)
Civic centre could be part of new 23-storey White Rock condo tower

Development proposal to be discussed Oct. 26 by council’s land use committee

(Image: CDC)
Fraser Health orders Surrey food-processing facility to close amid COVID-19 outbreak

Staff member at Surrey long-term care facility also tests positive for the virus

B.C. provincial health officer Dr. Bonnie Henry gives a daily briefing on COVID-19 cases at an almost empty B.C. Legislature press theatre in Victoria, B.C., on March 25, 2020. (Don Craig/B.C. government)
B.C. sees 223 new COVID-19 cases, now 2,009 active

Two new care home outbreaks in Surrey, Burnaby

BC Hydro map showing where power has been knocked out is dotted with over a dozen outages. (BC Hydro map screenshot)
Thousands without power on election day

One outage in Langley and Surrey is afecting over 4,000 customers

file
One dead after fiery crash near Agassiz

Agassiz RCMP report a 56-year-old man died Friday night

BC Liberals Leader Andrew Wilkinson, BC Greens Sonia Furstenau, BC NDP John Horgan (The Canadian Press photos)
British Columbians vote in snap election called during COVID-19 pandemic

At dissolution, the NDP and Liberals were tied with 41 seats in the legislature, while the Greens held two seats

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

The possibility of the Canadian Premier League expanding to the Fraser Valley has been floated online. (Facebook photo)
Canadian Premier League possibly eyeing Fraser Valley expansion

Soccer league looking to add ninth team to the mix, B.C. markets potentially rumoured

100 Mile Conservation officer Joel Kline gingerly holds an injured but very much alive bald eagle after extracting him from a motorist’s minivan. (Photo submitted)
B.C. driver thought he retrieved a dead bald eagle – until it came to life in his backseat

The driver believed the bird to be dead and not unconscious as it turned out to be

Most Read