Australians are in line for more than $30 billion in income tax cuts regardless of who wins next month's federal election, but that pales in comparison to Canada.
The Canadian Government has announced nearly $70 billion in tax cuts over the next five years.
From January, Canada’s GST will be cut from 6 to 5 per cent, while the personal income tax rate will be 15 per cent.
The corporate rate will also drop to 15 per cent by 2012.
All that – and a projected budget surplus of more than $13 billion for the current financial year.