Mr. Speaker, I pleased to present two petitions today.
The first petition is from Single Seniors for Tax Fairness. They recognize that the current income tax system for seniors gives couples numerous ways to lower their taxes while singles get none. They note that senior couples can split their pension income and that senior singles have no such benefit. They pay higher taxes, and they often forfeit the age amount tax credit and endure OAS clawbacks.
Therefore, the petitioners are calling upon the Government of Canada to offer tax benefits to single seniors that are equal to those now in place for senior couples, which would include offering a reduction of 30% on their income to be taxed and allowing single seniors to transfer their RRSP, RRIF and TFSA to a beneficiary of their choice.