Stephen Harper and Trudeau

Trudeau: We can afford to do more for the people who need it by doing less for the people who don’t, Trudeau said at a family restaurant in Gatineau, Que., as he delivered his first major pre-election pledge, according to The Toronto Star. The money earmarked for Prime Minister Stephen Harper family allowance program, the Universal Child Care Benefit, would be channeled into Trudeau proposed overall plan, the Canada Child Benefit . And to fund the CCB, which would cost Ottawa an extra $4 billion annually, the Liberals would also cancel the Conservatives’ increase in annual contribution limits for Tax-Free Savings Accounts. At the same time, the Liberals, if elected, would combine a handful of existing federal child support plans into a single program that Trudeau said will provide more money to middle-income and lower-income families than under Conservative programs. Trudeau says the increased TFSA limits help mainly well-off Canadians. This measure, which allows families with minor children to split their income for tax purposes, costs $2 billion a year in foregone tax revenues and, according to the Liberals, disproportionately benefits the rich. Also gone would be Harper Family Tax Cut. (news.financializer.com). As reported in the news.