Mr. Speaker, I rise today to mark 2007 as “the year of lower taxes”.
In the past year, our Conservative government has aggressively reduced the tax burden for all Canadians. Budget 2007 set the stage for lower taxes with the new $2,000 per child tax credit.
Farmers, fishermen and small business owners will enjoy substantial tax savings through the increase to the lifetime capital gains exemption.
The fall economic statement went even further. All Canadians will pay lower taxes because we reduced the GST another percentage point.
This, combined with the reductions to income tax and our commitment to having the lowest corporate tax rate in the G-7, means that Canadians will save a total of $60 billion over the next five years.
Unlike the Liberals who want to go back and raise taxes, we believe hard-working Canadians deserve a break.
As 2007 draws to a close, Canadians can rest assured that they have a government that will continue to fight for lower taxes for all Canadians.