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

German-born British Columbian warns against a ‘yes’ vote on proportional representation

Agassiz realtor Freddy Marks says PR in his home country shows party elites can never be voted out

Agassiz teacher’s Amazing Race takes students on Canada-wide adventure

AESS students say they had the experience of a life time

WATCH: Brother of missing Hope woman makes emotional appeal for more media attention

Next search for Shawnee Inyallie Nov. 18 along Highway 1 towards Boston Bar

Gas price drop expected to hit Fraser Valley today

Analyst says to take advantage, warns slight increase may follow

Players Guild challenges Chilliwack residents to solve classic Agatha Christie whodunit mystery

The Chilliwack Players Guild is performing Murder on the Nile from Nov. 22 to Dec. 2

Trudeau offers to help Pacific islands face climate change impact

Prime Minister Justin Trudeau met with the leaders from the Pacific island nations on Saturday during the APEC Summit in Papua New Guinea

BC Minister of Agriculture loses stepson to accidental overdose

Lana Popham announces death of her 23-year-old stepson, Dan Sealey

Canadian military’s template for perfect recruits outdated: Vance

Gen. Jonathan Vance, the chief of defence staff says that the military has to change because the very nature of warfare is changing, particularly when it comes to cyber-warfare

‘Toxic’ chosen as the Word of the Year by Oxford Dictionaries

Other top contenders for 2018 include ‘gaslighting’ and ‘techlash’

RCMP bust illegal B.C. cannabis lab

Marijuana may be legal but altering it using chemicals violates the Cannabis Act

1 woman dead, man in hospital after ‘suspicious’ crash: police

Homicide investigators and Burnaby RCMP are investigating the fatal collision

Canada defeats Germany 29-10 in repechage, moves step closer to Rugby World Cup

Hong Kong needs a bonus-point win over Canada — scoring four or more tries — while denying the Canadians a bonus point

Avalanche Canada in desperate need of funding

The organization provides avalanche forecasting for an area larger than the United Kingdom

5 B.C. cities break temperature records

Parts of B.C. remain warm, at 10 C, while others feeling chilly

Most Read