Cut federal tax to 15% on income between $15,001 and $100,000, and 25% tax rate on income above $100,000
Canadians are paying too much tax. The Income Tax Act is a complicated mess that costs Canadians nearly $7 billion a year to comply with. Every Canadian deserves a tax cut. Simplifying the Income Tax Act by reducing taxes on all income above $15,000 and below $100,000 will mean that those earning in this range will save as much as $2,163 per year in taxes. Taxing income earned over $100,000 at 25% will keep more money in the pockets of Canadians. It is a tax cut for every single Canadian. This is the right plan.