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Wednesday, 19 November 2014

Stephen Harper's Income splitting won't help majority of Canadians

By Ralph Goodale (Regina, Sask.)

Re- Posted  The Left Eye

Middle-class families should not have to pay more to give wealthier families like those of MPs and cabinet ministers at $2000 tax break. But that is exactly what is happening with Stephen Harper's new “income splitting“ scheme.

In families where the parents are in different tax brackets, it allows the higher income supposed to claim a tax credit of up to $2000 per year (as if a portion of his or her income were being taxed at the other parents is lower rate).

Former finance minister Jim Flaherty was concerned that such a policy would be expensive and unfair to most Canadians. more-->

1 comment :

  1. Liberals are full of shit with this one. It helps all kinds of families because of the unfair tax structure that exists. The Liberals just gave the middle finger to a whole bunch of families. They obviously don't care about the middle class or families if they oppose this. Typical media giving the Liberals a free pass on this and not calling them on their BS.