Income splitting among new tax breaks aimed at families

Andrea Janus, CTVNews.ca

 

The federal government has introduced a new income-splitting benefit for couples with children under the age of 18 as part of a series of proposed new tax measures designed to appeal to young families.

The proposal consists of three new measures the government says will provide about $4.6 billion in tax relief for some four million Canadian families. Continue reading “Income splitting among new tax breaks aimed at families”

Income Splitting: Huge Tax Cuts for Rich Families

by Kathleen A. Lahey

After running up $164 billion in total annual deficits between 2008/9 and 2014/15, the Harper government says it will have a $3.7 billion surplus in 2015/16 – and plans to spend nearly $3 billion of it on parental income splitting. Although government references to this plan have been muted, with vague references to ‘new tax cuts,’ the promise of parental income splitting has been on the agenda for years. And there is good reason to keep the details vague. It is beyond dispute that parental income splitting will give lavish tax benefits to the richest families while giving shockingly small benefits to those who actually need them the most. Continue reading “Income Splitting: Huge Tax Cuts for Rich Families”

Teachers’ strike daycare cheques are in the mail: finance minister

The Canadian Press

VICTORIA : The cheque is in the mail says Finance Minister.

Finance Minister Mike de Jong says parents should begin getting their government payout to help cover daycare costs incurred during the recent teachers’ strike. Continue reading “Teachers’ strike daycare cheques are in the mail: finance minister”

Some federal laws police and spies can use to fight extremism

The Canadian Press

OTTAWA – Some federal laws police and spy agencies can use to fight extremism:

Anti-Terrorism Act: Significant changes passed following the 9-11 attacks. Defines terrorism, provides for listing of terrorist entities, spells out penalties for taking part in, facilitating, financing terrorism. Strengthens security of information law. Continue reading “Some federal laws police and spies can use to fight extremism”