Tories: Finance Minister Jim Flaherty

Finance Minister Jim Flaherty: Income-splitting for families with dependents under the age of 18 was a key promise the governing Tories made in the last election, but with a catch: it was contingent on a balanced budget, according to 660 News. On Wednesday, however, Flaherty lobbed a grenade into the Conservative caucus room when he said he personally thinks blowing part of that money on a promise thats expected to cost upwards of $2.5 billion is not the way to go and Finance Minister Jim Flaherty opened a rift within the Conservative cabinet on Wednesday by casting doubt on the wisdom of using next years expected budget surplus to expand income-splitting ahead of the next election. The federal budget Flaherty introduced Tuesday projects a $6.4-billion surplus in 2015, just in time for the coming election. (www.immigrantscanada.com). As reported in the news.