Mr. Speaker, unlike the Liberal leader who suggested that income splitting for seniors is an ideological tax cut that he would reverse, forcing seniors and families to pay more in taxes, this Conservative government believes that seniors, and all Canadians, deserve to keep more of their hard-earned dollars. That is why it cut the GST, introduced pension income splitting, created tax-free savings accounts that are now benefiting more than 10 million Canadians by allowing them to save tax free, and removed almost 400,000 seniors from the tax rolls completely.
It will not stop there. We recently announced the small business hiring credit, which will lower EI taxes by 15% and save small businesses over $500 million.
While a Liberal government would introduce a carbon tax and run up deficit budgets, this Conservative government will continue to stand up for seniors and small business owners by building an economy that is envied by the world while keeping taxes low for all Canadians.