Published on May 10, 2018
Cutting second tax bracket by 20% will put more money in pockets of middle class families
Ontario PC Leader Doug Ford today announced that an Ontario PC Government will put more money in the pockets of middle class families by cutting the second provincial income tax bracket by 20%.
“Our plan takes more out of the hands of government and out of the pockets of connected insiders and elites,” said Ford. “Because we understand that this money belongs to you, and is best spent by you.”
An Ontario PC Government will deliver a targeted tax cut to Ontario’s second tax bracket, with the biggest relative savings realized by those earning $42,960 to $85,923 per year.
“Our plan will save taxpayers as much as $786 per year,” said Ford, “this is just one more way an Ontario PC Government will put more money back in your pocket.”
Ford’s announcement was the latest in a series of measures that will put more money in the pockets of Ontario families. They include:
  • Reducing Hydro Bills by 12%, saving the average family $173 per year.
  • Introducing a minimum wage tax credit that ensures minimum wage earners pay no provincial income tax, saving low-income earners as much as $850 per year.
  • Introducing a child care rebate that respects parents to make their own child care decisions, with rebate of up to 75% on child care expenses, saving parents up to $6750 per child.
  • Eliminating Kathleen Wynne’s ‘cap-and-trade’, saving drivers over four cents per litre at the pump.
“The other parties want to tax more, spend more and force you to pay more,” said Ford. “We are the only party who understands how hard you work and how much you pay.”
“For all the people out there who are struggling to get by because of Kathleen Wynne’s higher hydro bills, higher taxes and higher fees, I have a clear message for you,” Ford concluded. “Change is coming and help is on the way.”