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Is income splitting good?
Yes
85%
 85%  [ 6 ]
No
0%
 0%  [ 0 ]
Don't care
14%
 14%  [ 1 ]
Total Votes : 7

Author Message
kwlafayette





Joined: 03 Sep 2006
Posts: 6155
Reputation: 156.2Reputation: 156.2
votes: 28
Location: Saskatoon Saskatchewan

PostPosted: Fri Sep 22, 2006 2:24 am    Post subject: Income splitting Reply with quote

So, the honorable Garth turner, Kim Campbell's minsiter of national revenue, wants to introduce income splitting for pensioners. There is a conference in Ottawa on the subject soon.

http://www.garth.ca/weblog/2006/09/22/oy/
McGuire





Joined: 05 Sep 2006
Posts: 369
Reputation: 20.2Reputation: 20.2
Location: Soviet Pictouwestistan

PostPosted: Fri Sep 22, 2006 9:19 am    Post subject: Reply with quote

A very good idea, a tax cut that will help many people. But it should be available for everyone, not just seniors.
kwlafayette





Joined: 03 Sep 2006
Posts: 6155
Reputation: 156.2Reputation: 156.2
votes: 28
Location: Saskatoon Saskatchewan

PostPosted: Fri Sep 22, 2006 10:59 am    Post subject: Reply with quote

Garth's stated preference is to move to a family tax return; tax would be based on total household income and number of people in the household rather than individual income. I think he wants to start with senior income splitting because it is cheap ($300 mil per year) and simple to get the ball rolling.
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Income splitting

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