VANCOUVER – Conservative Leader Stephen Harper has announced plans to provide tax relief for single and widowed seniors.
At a campaign stop Tuesday in North Vancouver, Harper said a $2,000 single seniors tax credit would help nearly 1.6 million seniors who have pension income.
Harper said when combined with the existing $2,000 pension income tax credit, it would double the tax relief available to single seniors beginning in January 2017.
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He said seniors have saved and worked their entire lives and they know best how to make financial decisions about their retirement.
Under the policy, a single senior would received tax relief of up to $600 a year, the Conservatives said.
It would be phased in over four years – initially costing $23 million and up to $397 million when fully implemented.
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