The government is committed to a low-tax plan that supports hardworking Canadian families. Keeping taxes low allows Canadians to keep more of their hard-earned money and meet the financial challenges of raising a family.
“Canadian families are seeing the results of our Government’s low-tax plan and can reinvest their refunds in important family priorities,” said Minister Shea. “We will continue to support tax relief measures that will help reduce the cost of every-day living.”
The average individual tax refund so far for the 2012 tax year is approximately $1,620. That is a significant increase from the average individual tax refund of $1,230 in 2007.
The Harper Government has increased the amount of income that all Canadians can earn before paying federal income tax and reduced the lowest personal income tax rate from 16% to 15%.
Minister Shea joined many hardworking Canadian families at a Soccer Nova Scotia’s event celebrating 100 years of soccer in the province, where she took the opportunity to highlight the many tax-saving measures that are available to Canadian families.
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