OTTAWA, ON: The Canadian Taxpayers Federation welcomes the Conservative Party’s promise to boost the basic personal amount for working seniors and calls on all parties to commit to further tax relief.
“Many seniors are working because they’re struggling to pay the bills and this tax relief will help them,” said Franco Terrazzano, CTF Federal Director. “Letting working seniors earn an extra $10,000 tax-free is a good thing and it will make their golden years more affordable.”
Today, Conservative Party Leader Pierre Poilievre announced he would expand the tax-free portion of seniors’ incomes.
Poilievre said he would “increase the basic personal amount for working seniors to $25,000, meaning seniors will be able earn an additional $10,000 of employment income tax free.”
Poilievre estimates this would “save a working senior making $35,000 a year an extra $1,300.”
The Conservative Party also promises income tax relief that would save a two-income family up to $1,800. The Liberal Party promises income tax relief that would save a two-income family up to $825.
“The best way the government can make life more affordable is to let people keep more of their own money,” Terrazzano said. “All parties should commit to further tax relief, especially for Canadian businesses which need to be competitive in the wake of American tariffs.”
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