ONT ELECTION: CAR INSURANCE, TAX CUTS, PENSIONS

May 13, 2014

By Bob Komsic

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The leaders of the three major parties took it easier today.

Not as many stops for Kathleen Wynne, Tim Hudak and Andrea Horwath.

The premier was first out of the gate, addressing the Bloomberg Economic Summit in Toronto.

Wynne promoted her proposed pension plan, pointing out that Canadians have under-contributed into their RRSPs by $280-billion.

That, combined with Ottawa’s refusal to touch the Canada Pension plan, in her view, could put Canadians in a desperate situation come retirement.

Tim Hudak unveiled another part of his plan to create a million private sector jobs.

Speaking in Ottawa, the PC Leader promised the Tories would cut personal taxes once the budget’s balanced in 2016.

The 10 percent cuts would be phased in over four years, possibly sooner if the PCs have more money.

Hudak says they’d also cut corporate taxes 30 percent. 

Meanwhile, Andrea Horwath says the Liberals broke a promise to cut auto insurance premiums by 15 percent, which is a reason New Democrats did not support the budget.

During a stop in Scarborough, the NDP leader vowed to force insurance companies to pass on reductions immediately.

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