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I think it's unethical to say, "I'm sorry but the money that your parents set aside for your education is only worth a fraction of what it was before."
The changes are designed to distribute benefits and programs more fairly based on income. Families and students are the main beneficiaries of the new budget, though many of the proposed changes will not take effect until next year's tax return.
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Ottawa's fiscal monitor says the improvement was boosted by higher personal income tax and Goods and Services Tax revenues.
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In an attempt to increase transparency, Prime Minister Justin Trudeau has made "mandate letters" to his ministers publicly available. These letters are intended to clarify the focus of each minister's portfolio. When it comes to the mandate delineated for the minister of finance, the prime minister should seriously rethink some of the priorities.
YouTube: Conservative Party
income splitting primarily benefits middle- and upper-income families, provides relatively little tax relief for low-income families and skirts single parents altogether. Just as importantly, it acts to deter both parents from equal engagement in the workforce and devalues family policies that promote dual engagement.
The spots make it more difficult for Trudeau to clear up a misconception about his plans.
This is a rather short list of the shortfalls of Harper and the disgrace he brings to our country and I urge everyone to fully research candidates and get out and VOTE. I think the newest campaign launched by our veterans says it best when they say ABC: Anyone but Conservative
Higher TFSA limit and tax breaks for Canadians with children take up a very large piece of the pie
Prime Minister Stephen Harper announced major fiscal policies in Vaughan, Ont., last fall against the advice of Canada's senior public servant, who said Parliament should be informed first, a newly di...
Since 2010, annual funding for the RCMP has declined in every year except one. The Conservatives claim they need to put new powers in the law, but police forces and security officers cannot fully utilize the laws already there when their budgets don't give them the necessary resources. And new laws will be meaningless without the funding to make them work. The well-being of Canadians is put at risk when these things are undermined. Honest or not, dangerous or not, Stephen Harper has been prepared to compromise even public safety to concoct the claim of a balanced budget before the 2015 election.
OTTAWA - The Conservative government has introduced legislation to enact its family tax-and-benefit package — a multibillion-dollar suite of measures that includes the controversial income-splitting p...
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A former speechwriter for Prime Minister Stephen Harper says the Harper government’s income-splitting plan is “like socialism for the wealthy,” and is warning the Tories that the policy is bad politic...
MONTREAL - Young Canadian families are beginning to learn the size of savings they'll glean from new federal tax cuts as they prepare their 2014 tax returns.The controversial income-splitting plan kno...
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Plan will be expensive and will cut jobs, but won't do anything for poor families, finds Parliamentary Budget Officer
OTTAWA - The parliamentary budget office has found that the Conservative government's new income-splitting tax plan may encourage some low-wage workers, especially women, to leave or stay out of the w...
It appears Eve Adams’ perspective on the Conservative government's tax plans changed wildly in less than two months. Adams, first elected under the Conservative Party banner in Mississauga-Brampton So...
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OTTAWA - "Friends, our opponents have been clear. They would take away the Universal Child Care Benefit. They've said so on many occasions." — Prime Minister Stephen Harper in a speech Sunday prior to...
OTTAWA -- Of all the families eligible for the Conservative government's controversial family tax-and-benefit measures this year, those earning between $30,000 and $60,000 will see by far the smallest...
Prime Minister Stephen Harper drew attention to the personal finances of one of his key rivals Wednesday while deflecting criticism about the Conservatives' income-splitting promise. For months now, L...
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OTTAWA — The federal Conservatives' pre-election promises targeted at families are already starting to take a toll on the country's books. The new income splitting plan and the doubling of the childre...
With a projected budget surplus in 2015, what the Conservative government announced is the Family Tax Cut. Although it sounds like the original campaign promise, the Family Tax Cut does not deliver true income-splitting. Rather, it is a lookalike offering.
OTTAWA — The NDP is lodging a formal complaint with Advertising Standards Canada about the Conservative government’s new ads promoting a family tax cut that has yet to be passed by Parliament. “We are...
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An ad touting the Conservative government's new tax cuts has hit the airwaves and it's being paid for by Canadian taxpayers. The ad, set in suburbia, promotes four tax measures that have not yet been...
The Conservatives should be commended for sticking to their commitment to the balance budget. But balancing the budget cannot become an end in itself or it can come to serve as a justification for spending increases with limited economic benefit. Reducing personal income tax rates and capital gains taxes would be a productive use of future surpluses.
OTTAWA - "The prime minister and the finance minister in the past week haven't been able to say the words 'income splitting' in this House. They are running from their own policy. They clearly don't w...
Tax policy may not be sexy. But it can change things for the better. Or make them worse. The current system exacerbates the problem of growing income inequality, which is now recognized by a growing number of economists as one of the main causes of our stagnant global economy. Once again this looks like a case of politics trumping the facts. The Harper government is proceeding with this give away to the rich even before the budget is balanced and despite warnings that the fall in the value of oil could mean revenue shortfalls.
By allowing households to move income from one spouse facing higher rates to the other spouse, income splitting is one way to help fix this distortion. Income splitting, however, does virtually nothing to improve economic incentives or Canada's competitiveness. Therein lies the missed opportunity.
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Income splitting would not benefit single parents because the majority are considered low income, says the Minister of State for Social Development, Candice Bergen. In an interview airing Saturday on...
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OTTAWA -- Prime Minister Stephen Harper is pressing ahead with income splitting for families with kids under 18 -- a multibillion-dollar Conservative election promise from 2011 that critics have said...
OTTAWA -- There will be big cheques coming for 4 million Canadian families with children under 18 on July 1, 2015. The federal government will provide six months' worth of increases to the Universal C...
OTTAWA - Prime Minister Stephen Harper is pressing ahead with income splitting for families with kids under 18, a multibillion-dollar Conservative election promise from 2011 that critics have said wou...
Prime Minister Stephen Harper will on Thursday unveil a scaled-down version of the Conservatives’ 2011 campaign commitment to allow income-splitting by parents with children younger than 18 once the f...