Patrick Brown and the Ontario PCs will lower the tax burden for families earning under $100,000 by at least 25%
“Families in every corner of the province are struggling to make ends meet. They need a break,” said Brown. “Ontario will cut taxes for middle class families to make life more affordable.”
Ontario families are working harder, paying more, and getting less. That’s why the government needs to do more to alleviate the tax burden on the middle class.
Over the course of the mandate, Patrick Brown and the Ontario PCs will cut personal income taxes for the middle-class tax bracket – on income between about $45,000 and $80,000 – by 22.5%.
“Households earning $100,000 or less will see at least a 25% tax reduction,” Brown said. “Families earning between $100,000 and $200,000 will see on average a 20% reduction in their tax owing, while families with incomes above $200,000 will see on average a 7% reduction in tax owing.”
Cutting middle class taxes by 22.5% is one of five key measures included in the Ontario PC Party’s plan to get Ontario back on track, called the People’s Guarantee. Additional measures in the People’s Guarantee include:
- 75% refund for child care expenses
- 12% more off your hydro bill
- The largest mental health commitment in Canadian provincial history
- The first-ever Trust, Integrity and Accountability Act