It will not be a surprise to hear me speak this week in support of the Federal Budget that was introduced last week. It has been very well received across the country, and it is good for South Western Saskatchewan. It is a budget of restraint – limiting spending but finally balancing the books.
- It allows Canadians to keep and invest more of their own money.
- Tax Free Savings Accounts have been extremely popular with people in all income brackets and we have raised the contribution limits for them.
- We are allowing seniors more freedom to manage their investments by lowering RRIF minimums.
- We are providing a new Home Accessibility Tax Credit for seniors and persons with disabilities.
- Business benefits with the small business tax rate gradually being reduced to only 9%.
- Farmers will be glad to hear that the Lifetime Capital Gains exemption will be raised to 1 million dollars.
And, still, our province receives 1.5 billion dollars in federal transfers. Both health and social transfers are at an all time high. It is unfortunate that the Liberals and NDP have insisted that taxes must be raised – that we have gone too far in letting Canadians keep their own money.
David Anderson, MP
Cypress Hills – Grasslands