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going to scrap those sneaky eco taxes and leave moremoney in the household budget.
When it comes to the household essentials, we’re going
to provide relief and remove the HST from home hydro
and heating bills. We’ll also take th
e Debt RetirementCharge off of residential hydro bills. Taken together, our
home energy relief measures will make the costs of
homeownership more affordable and give Ontario
families $275 in yearly relief from rising energy bills.And to leave more money for the purchase of a new
house, condo, or home renovation, we willlower the overall tax burden on middle-class families byreducing income taxes by 5% on the first $75,000 intaxable income, saving a middle-class taxpayer $258each year. For couples, we will change the tax system to
allow them to share up to $50,000 of their income for tax
purposes, which could save a family up to $1,400 peryear in income taxes.Given the significant risks that remain in the worldeconomy, and the ever-increasing forces of globalcompetitiveness, it is more important than ever that we
stay on track with our long-term economic plan, and
reject both the deep cuts proposed by the PCs and the job-killing taxes offered by the NDP.Ontario Liberals also took specific measures to help
Ontarians with the costs of homeownership. We
introduced a rebate so that first-time home buyers can getup to $2,000 back on their land transfer tax. We helpedwith home energy costs by reducing hydro bills by 10 per
cent through our Ontario Clean Energy Benefit. We
introduced the Ontario Energy and Property Tax Credit,as well as the Northern Ontario Energy Credit. Our
Senior Homeowners’ Property Tax Grant helps seniors
stay in their homes by providing them up to $500 per
year to help with the cost of property taxes.
daily essentials that don’t need a new tax.
We’ve also released a det
ailed home retrofit program
that is detailed below. We’ll also ban credit scoring by
insurance companies so property owners can get thecoverage they need at a price they can afford.
Question #2:How would your government make home ownership more affordable for first time buyers?
*** No response provided. Please see PC Platform at
Ontario Liberals have long been committed to ensuring
that low- and moderate-income families have access tosafe and affordable housing options. Down paymentassistance offered under the Homeownership component
of the Affordable Housing Program Extension (2009)
helped low- and moderate-income households purchase
affordable homes, while encouraging new affordableownership housing development.In response to feedback from service managers, we alsoThe HST has made the overall carrying costs of home
ownership much more expensive.
Ontario’s NDP will
take the HST off essentials such as electricity and home
heating. We’ll also
ban credit scoring by insurance
companies so property owners can get the coverage
they need at a price they can afford.