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Anyway, I want my GST cut, but the first place the feds should do is increase the basic personal excemption. I believe its roughly at $8,000 right now
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For the record, the Liberals did exactly that in the last budget passed by Paul Martin's government. The CPC repealed that measure last year in order to offset their cut to the GST.
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Actually, I'm wrong on this. The Liberal budget in 2005 set a framework to raise the personal exemption from $8012 in 2005 to $10,000 in 2009. Harper's government made no change to this policy. They did, as albertGQ noted, raise the lowest tax bracket by 0.5%, though. Throughout last year's election campaign, Harper spoke of reducing the GST and scrapping the latest Liberal income tax break to offset the difference. I incorrectly assumed this also included reversing the changes the Liberals made to the personal exemption amount.