“We are lowering taxes for middle class families and people working hard to join them, which means more money that can be used to do things like buy healthy food, send kids to camp,” Fortier said in the House of Commons.
Fortier was talking about the Liberal government’s increase of the basic personal exemption from $12,298 to $15,000 a year by 2023.
According to the Parliamentary Budget Office, the change would only save Canadians $90 each year, or $1.73 a week. The amount is considerably less than the $300 a year in savings originally advertised by Finance Minister Bill Morneau, who called it a “very significant measure.”
