Mandate letter results so far: Finance Minister Bill Morneau
OTTAWA — FINANCE
Accomplished
Finance Minister Bill Morneau cut federal income taxes on the middle bracket and raised the rate on income higher than $200,000 per year, cancelled an income-splitting measure for families with kids introduced by the Harper government and enhanced child-benefit payments. He expanded the Canada Pension Plan and created the Canada Infrastructure Bank. He announced a new rate-setting mechanism to ensure employment insurance premiums are no higher than needed to pay for the program over time, introduced a new tax benefit to help offset cost of school supplies for educators and repealed the Conservatives’ Federal Balanced Budget Act.
Working on it