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Toronto Sun
2 days ago
- Business
- Toronto Sun
Average family to save $280 per year from Liberal tax cut: PBO
Published Jun 18, 2025 • 2 minute read Parliamentary Budget Officer Yves Giroux waits to appear before the Senate Committee on National Finance, Tuesday, Oct. 17, 2023, in Ottawa. Photo by Adrian Wyld / THE CANADIAN PRESS OTTAWA — The average Canadian family will save $280 on their taxes next year from the Liberal government's planned income tax cut, the parliamentary budget officer said in an analysis released on Wednesday. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account But some seniors and single Canadians are expected to save less, prompting criticism from Conservatives who argue the tax cut doesn't go far enough. The Liberal proposal would drop the tax rate to 14.5% from 15% on the first $57,375 of Canadians' taxable income this year, and down to 14% next year. The promise was a pillar of the Liberal campaign during the spring federal election. At the time, Prime Minister Mark Carney's plan pitched annual savings of up to $825 per dual-income family. When the legislation was tabled through a ways and means motion late last month, Finance Canada projected maximum tax savings of $840 per couple. Yves Giroux, the parliamentary budget officer, said Wednesday that the average family likely won't get that much back. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. On a per-person basis, the average tax filer is estimated to save $90 on their 2025 income taxes because the tax cut only takes effect on July 1. The PBO expects that average will rise to $190 in savings next year. Read More The PBO says a two-income couple in the second income bracket with a child would be expected to get the most back – $750 in average savings next year. For the average high-earning single Canadian with no children in the top tax bracket, the PBO said the typical savings would be roughly $350 annually. On the other end of the spectrum, a single senior in the first income bracket would get an average of $50 back next year. A single parent in the same tax bracket would save an average of $140. This advertisement has not loaded yet, but your article continues below. The PBO noted that the lower an individual's average income is, the less they can expect to save from a reduction in the first income tax bracket on a relative basis. Many low-income individuals also have existing tax credits to reduce their taxable income. The Conservative party said in a media statement Wednesday that the tax savings on a monthly basis wouldn't allow a low-income senior to buy a breakfast sandwich. RECOMMENDED VIDEO The Official Opposition accused Carney of tinkering 'on the margins to save Canadians mere cents a day.' The Conservatives promised a steeper income tax cut of 2.25 percentage points during the election campaign, though that plan would have phased the reduction in over four years. This advertisement has not loaded yet, but your article continues below. The Canadian Press reached out to Finance Minister Francois-Philippe Champagne for a comment but has not yet received a response. The PBO priced the cost of the Liberal tax cut at nearly $64 billion over five years, though the net cost would be closer to $28 billion after taking into account associated reductions in federal tax credits under the plan. Finance Canada costed tax savings at around $27 billion over five years. The Liberals tabled a ways and means motion last month that puts the tax cut in place starting July 1, but legislation to enact the change is still making its way through Parliament. NHL Editorial Cartoons Canada Columnists Soccer
Toronto Sun
5 days ago
- Toronto Sun
3-year-old dies after being struck by starting gate at N.B. horse racing track
Published Jun 16, 2025 • 1 minute read New Brunswick's provincial flag flies on a flagpole in Ottawa, Monday, July 6, 2020. Photo by Adrian Wyld / The Canadian Press Police in New Brunswick say a three-year-old child has died after they were struck by the starting gate at a horse racing track in Woodstock, N.B. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The town's chief of police Mark Bennett says the gate was being towed by a pickup truck as a harness race began Saturday afternoon around 1:20 p.m. This type of race involves drivers in two-wheeled carts, pulled by horses. The police chief says the child suffered major injuries and was pronounced dead at the Upper River Valley Hospital in Waterville, N.B. Bennett says police are treating the fatality as a 'tragic accident,' but they continue to investigate the matter. Police are also encouraging anyone who attended the race to seek mental health or counselling support if needed. RECOMMENDED VIDEO
Toronto Sun
13-06-2025
- Politics
- Toronto Sun
DND can't confirm if CAF officials, defence minister invited to U.S. military parade
A DND spokesperson was unable to confirm if any CAF members were attending Army parade, office of Defence Minister ignored Sun's inquires The facade of the headquarters of the Department of National Defence is pictured in Ottawa, on April 3, 2013. Photo by Adrian Wyld / The Canadian Press OTTAWA — The Department of National Defence was unable to confirm if Canada was invited to attend Saturday's military parade in Washington, D.C. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account And the Toronto Sun's inquires to the office of Defence Minister David McGuinty went unanswered on Friday on if he was invited, or was planning to attend the day-long spectacle celebrating the 250th anniversary of the United States Army, Flag Day, and U.S. President Donald Trump's 79th birthday. A DND spokesperson told the Sun Friday afternoon they weren't sure if anybody from the Canadian Armed Forces was attending, saying they had yet to hear back from all commands. The Sun made its inquiries to DND and the Minister's office Thursday evening. Read More Saturday's event, which will primarily take place on the National Mall in Washington D.C. and Arlington National Cemetery across in Virginia, features a day-long program of events, concerts and a wreath laying. The main event will consist of a parade of American military might — featuring 150 vehicles, including M1A2 Abrams battle tanks, troop transports and various artillery, missile and rocket launcher platforms, 50 aircraft including helicopters and Second World War-era U.S. Army Air Corps planes, and thousands of troops. The day will be capped by a fireworks display. bpassifiume@ X: @bryanpassifiume World World Canada Celebrity Canada
Toronto Sun
12-06-2025
- Politics
- Toronto Sun
EDITORIAL: A $6.6 billion climate boondoggle
Commissioner of the Environment and Sustainable Development Jerry DeMarco is seen during a news conference, Thursday, Nov. 25, 2021 in Ottawa. Photo by Adrian Wyld / THE CANADIAN PRESS One of the least controversial and most effective ways to address climate change is to adapt to it. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The other strategy — mitigation — is a long-term program that will have no discernible effect on the frequency of severe weather for decades, and is reliant on global action rather than initiatives by Canada alone. By contrast, adaptation, which Canada can do on its own, can have immediate health, safety and economic benefits for Canadians. The purpose of adaptation is to limit the damage caused by wildfires, floods and droughts by making public and private infrastructure more resilient to extreme weather and enacting sensible planning and building code policies to provide communities with maximum protection. Despite the fact the environment ministry claims that investing in adaptation can save up to $15 for every $1 spent, a report by federal environment commissioner Jerry V. DeMarco released Tuesday suggests the more than $6.6 billion the Liberals have spent on developing a national adaptation strategy has become a boondoggle. This advertisement has not loaded yet, but your article continues below. DeMarco found the federal government has been slow to implement its national adaptation strategy and that when it was finally announced in 2023, it lacked essential elements to make it effective, while progress since then has been slow. DeMarco said the missing elements included 'a prioritization of Canada's climate change risks, an economic analysis to assign appropriate resources to different federal adaptation actions, a comprehensive federal action plan, and an effective framework for measuring and monitoring results.' He found the key component of the plan — actions to be taken by the federal government to adapt to climate change — 'was neither systematic nor comprehensive' and that the 73 actions it outlined, 'were a mix of new and existing federal programming' lacking any assessment of the outcomes for vulnerable communities. DeMarco said his audit of seven important actions within the plan found their implementation was limited and that two other important strategies — joint action plans by the federal, provincial and territorial governments and actions to be taken in co-operation with Canada's Indigenous communities, had not been established as of late 2024. Given that the Liberals say climate change is an existential threat, their lack of progress on helping Canadians to adapt to it raises serious questions about their credibility on the issue. Toronto & GTA World Toronto Blue Jays Toronto & GTA World
Toronto Sun
12-06-2025
- Politics
- Toronto Sun
Former MP Angus says NDP became too focused on leader, TikTok likes
Published Jun 11, 2025 • 3 minute read NDP MP for Timmins-James Bay Charlie Angus rises during question period, Friday, Dec. 1, 2023, in Ottawa. Photo by Adrian Wyld / THE CANADIAN PRESS OTTAWA — The NDP suffered an 'unmitigated disaster' in the last election because it lost touch with its grassroots and became too 'leader focused,' former MP Charlie Angus said Wednesday. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The longtime NDP stalwart said he toured the country during the election and spoke with many rank-and-file members. He said the party now needs to do a lot of soul-searching to reconnect with that base, renew itself and rebuild. 'People feel that the party lost touch by becoming very much a leader-focused group as opposed to the New Democratic Party of Canada,' he said, when asked about the dismal April election results. 'We have to be a democratic party from the grassroots. We have to re-engage with people. We lost touch and we have to be honest about that.' The NDP saw the worst results in its history in the April 28 election. It won just seven seats, lost official party status and watched then-leader Jagmeet Singh lose his own seat in British Columbia. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Angus did not run in that election after representing the northern Ontario riding of Timmins-James Bay since 2004. That riding was recently redistricted and grew significantly in size, and was won by the Conservatives on April 28. Read More Angus said he has not met with Singh since the election. Interim NDP Leader Don Davies said later Wednesday that while it was a tough election, he does not think the party lost touch with its supporters. Davies said he will wait to see what the party base has to say about why the NDP lost so badly. 'The key thing is to engage in a really authentic visioning process with our membership to really explore where we've come from, why we're in the position we're in, but more importantly, to chart a better path forward,' Davies said. This advertisement has not loaded yet, but your article continues below. 'I don't want to second-guess what our membership and our grassroots and our progressive allies have to say because there's different opinions on why we're in the position we're in.' NDP MP Leah Gazan said the party needs to study why the campaign ended in such a 'catastrophic result. 'We need an independent post-mortem on the election and I hope that the party takes this very seriously,' she told reporters outside the Parliament buildings on Wednesday. RECOMMENDED VIDEO Angus said the party should be less online and more on the ground. He said the NDP should ditch its virtual meetings — which became commonplace during the pandemic — and pointed out that the party was built from the ground up through simple in-person community events, such as bean dinners. This advertisement has not loaded yet, but your article continues below. 'We became a party very focused on TikTok likes. I'm sure that helps, but TikTok didn't get us elected,' he said. 'We became focused on data. Data is very important. But to be a social democratic movement, you need to go back to reinvigorating the riding associations.' Angus, who said he has no plans to run for the party leadership, made the comments at a press conference on Parliament Hill on Wednesday, which he called to talk about the upcoming G7 summit Canada will host in Alberta later this month. Angus took shots at U.S. President Donald Trump and the person he called Trump's 'MAGA' Ambassador to Canada Pete Hoekstra. He said the Trump administration is an 'authoritarian regime that's on the rise' and poses a threat to Canada. 'We're not talking about creeping fascism here. This is full-on police state tyranny from the gangster president Donald Trump. And this is the man who will soon be crossing our border to attend the G7 meetings in Canada,' he said. Trump recently deployed thousands of National Guard troops to Los Angeles — a decision made without the governor's consent — in response to protests against immigration enforcement raids. Celebrity NHL Editorial Cartoons Toronto Maple Leafs Columnists
