Mr. Speaker, today the Liberal government is using a smoke screen of words referring to tax increases as making the system fair or having everyone pay their fair share. Canadians denounce this tactic. A classic example from last year's budget is the $100,000 lifetime capital gains exemption.
The Department of Finance and Revenue Canada are currently disadvantaging thousands, if not hundreds of thousands of senior citizens who depend on OAS and guaranteed income supplements.
Revenue Canada has structured the income tax return in such a way as to disadvantage pensions at the bottom end of the economic scale. Low income Canadians are being frozen out of passing their assets to their heirs and successors in a way that middle and upper income pensioners can.
Once again the Liberal government has fallen on its own politically correct sword. While saying it is going to make everyone pay their fair share it has created gross inequities in the income tax system.