Archived - On Family Day, Minister Oliver Celebrates Tax Cuts for Canadian Families by Highlighting Tax Cuts and Benefits for Families
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February 16, 2015 – Ottawa, Ontario – Department of Finance
Families across Canada are celebrating Family Day, Louis Riel Day, Heritage Day and Islander Day today, and to mark the holiday, Finance Minister Joe Oliver is celebrating the Harper Government’s latest action to cut taxes for every family with children.
Announced by Prime Minister Stephen Harper last October, these measures include:
- an increase to the Universal Child Care Benefit (UCCB) to $160 per month from $100 per month for children under the age of 6, effective as of January 1, 2015;
- an expansion of the UCCB to include a new benefit of $60 per month for children aged 6 through 17, effective as of January 1, 2015;
- a $1,000 increase to the Child Care Expense Deduction maximum dollar limits, effective as of the 2015 taxation year; and
- the Family Tax Cut, a new federal non-refundable tax credit, which would provide up to $2,000 in tax relief to couples with children under the age of 18, effective as of the 2014 taxation year.
On average, these measures will put about $1,140 per year back into the pockets of every family with children.
- Since 2006, the Harper Government has cut taxes of all kinds—the GST, personal taxes, business taxes, and others.
- Under the leadership of Prime Minister Harper, the Government has provided tax relief over 180 times since taking office.
- Taken together, these tax cuts have led to the lowest overall federal tax burden in more than 50 years.
- Low- and middle-income families will receive the overwhelming majority of the benefits from this latest package of tax relief for families.
"Today is Family Day, and I am reflecting with pride on all of the actions our Government has taken to put more money back in the pockets of hard-working Canadian families. Prime Minister Harper knows that strong families make for a strong Canada. We also know that parents have a lot to pay for: child care, sports, and much more. For a more affordable life, parents need a more affordable tax burden. We believe in putting more money into the hands of those who care about children most—Mom and Dad. We are doing exactly that."
- Joe Oliver, Minister of Finance
Director of Communications
Office of the Minister of Finance
Department of Finance