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

Tackling ‘one fear after another:’ ‘Spirit Orca’ swimmers ready for next challenge

Victoria swimmers with developmental disabilities preparing for ocean relay in Great Bear Rainforest

Verdict expected on July 22 in trial of care aide accused of sexual assault

Closing arguments heard Monday in Victoria courtroom

Victoria HarbourCats edge Elks in series opener

Claire Eccles’ jersey retired at Monday’s game

Easter Seal’s Drop Zone gives participants chance to rappel down 13-storey Victoria building

Event supports Easter Seal’s services, specifically their camp in Shawnigan

ArtsAlive voting begins Thursday in Oak Bay

Residents can vote for the 2019 ArtsAlive top prize

WATCH: Barbers battle it out in Victoria

‘Barber Battle’ saw stylists and barbers from across North America go head-to-head

Sexting teens at risk of harms including depression, substance use: study

Use of alcohol, cigarettes and marijuana were also found to be associated with sexting

Deadline for cabinet to decide future of Trans Mountain expansion is today

International Trade Minister Jim Carr described the decision as ‘very significant’

Dash-cam video in trial of accused cop killer shows man with a gun

Footage is shown at trial of Oscar Arfmann, charged with killing Const. John Davidson of Abbotsford

Suicide confirmed in case of B.C. father who’d been missing for months

2018 disappearance sparked massive search for Ben Kilmer

Eight U.S. senators write to John Horgan over B.C. mining pollution

The dispute stems from Teck Resources’ coal mines in B.C.’s Elk Valley

Threats charge against Surrey’s Jaspal Atwal stayed

Atwal, 64, was at centre of controversy in 2018 over his attendance at prime minister’s reception in India

Anti-vaxxer Robert F. Kennedy Jr. to speak in Surrey

He’s keynote speaker at Surrey Environment and Business Awards luncheon by Surrey Board of Trade Sept. 17

Otters devour 150 trout at Kootenay hatchery

The hatchery has lost close to 150 fish in the past several months

Most Read