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Harper government to hand voters spring tax cuts aided by shrinking federal deficit

The Harper government is gearing up for a bonanza tax-cut giveaway in its fall fiscal update that would see cheques landing on voters' doorsteps next spring.

Stephen Harper said Thursday that his government is about to implement major promises from the last election campaign, likely to include income-splitting for families with children and increased annual contributions for tax-free savings accounts to $10,000.

In addition, the Prime Minister revealed the federal government's deficit in the year ended March 31, 2014, was $5.2-billion - dramatically lower than the $16.6-billion projected in the budget. He said the government expects a small shortfall in 2014-15.

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