Economy Budget

The 2016 middle class tax cut combined with the new 33% tax bracket will be revenue neutral.

Liberal Document (Page 9) May 4, 2015
Dec 2015

Liberals accused of breaking vows as key income-tax pledge passes through House

National Post | December 10, 2015

The Liberals faced accusations of broken election vows Wednesday as their centrepiece pledge to raise taxes on the biggest income earners, while cutting them in a lower bracket, passed the House of Commons.

This comes after the Liberals told voters the headline change in that package - the income tax cuts and increases - would be revenue-neutral.

Earlier this week, the government acknowledged the $1.2-billion shortfall.