TORONTO – Justin Trudeau says a middle-class tax cut would be the first piece of legislation to be introduced in Parliament by a Liberal government after election day Oct. 19.
Trudeau is making the announcement at a Toronto grocery store, where he displayed the amount of food a typical Canadian family would be able to purchase each month with the resultant savings.
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The Liberal leader says Canadians earning taxable income of between $45,000 and $90,000 would save $670 per person per year, or as much as $1,300 for a two-income household.
Unlike Conservative tax cuts, he says, those eligible would see the money on their pay stubs right away, rather than having to wait for income tax season.
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To pay for it, Trudeau is also planning a new tax bracket of 33 per cent for those earning annual incomes of $200,000 or more.
He predicts that putting more money in the pockets of middle-class families would stimulate and grow the Canadian economy.
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