Mr. Speaker, last week we fulfilled our commitment to balance the budget and to introduce income splitting for families with kids.
I have polled my constituents and the vast majority support income splitting because it is fair and pro family, and it acknowledges the real value stay-at-home parents provide their families and society in general.
Do not be fooled by opponents who say it will only help the rich. They just want to keep taking the money of families.
I grew up in a family of 14 kids. My dad was a school teacher and my mom was a stay-at-home mom. Income splitting would have definitely helped my parents. In fact, it would have helped most families in my small town, and none of us were rich.
It will not solve every problem in the universe, and nobody said it would, but income splitting will help most two-parent homes. Unless people are in the same tax brackets as their spouses, or their family does not pay taxes at all, they will benefit from income splitting. Single parents will benefit from the other measures in our family tax program.
I am proud to keep this election promise as an important measure to bring justice and fairness to all families.