April 22, 2015
Touted as family-friendly, the 2015 federal budget misses its target by providing costly tax cuts to the wealthy at the expense of the pressing needs of the majority of Canada’s children and families, including those in poverty.
“This budget is out of step with the realities of the majority of families in Canada who struggle to afford child care and housing on virtually stagnant incomes from coast to coast to coast. Over 19% of children in Canada, 1.3 million, live in poverty, yet this budget will not address their struggles,” said Anita Khanna, National Coordinator of Campaign 2000. “Low and moderate income families are left out of the vision for Canada outlined in this budget. Targeting tax relief to those in the highest income brackets through income splitting and increasing the limit on Tax Free Savings Accounts, while increasing the Universal Child Care Benefit, is expensive, inefficient and a sure path to greater income inequality.”