Tax credits are not budget line items
This is getting stupid. The cost of a tax credit is no different than spending the same amount of money.
Tax credits are not budget line items
So what? wealthy people also pay more personal tax than the poorest. And I am sure that the poor people would like to see ANYthing that benefits them regardless of what it does to the wealthy.Income splitting aids wealthiest families most, says study
"This is guaranteed to provide the wealthiest families with the biggest benefit and the poorest families with the least benefit, "said Macdonald in a phone interview.
Again, so what? I am pretty sure that the poor benefit from the basic personal exemption more than the rich would. I doubt the rich would even notice it.Macdonald, who says his study used the most recent Statistics Canada tax-modelling software, concluded that income splitting benefits sole-earner families the most.
Good point. There's a difference between being of benefit and being a benefit in this issue.Perhaps the argument hinges on the definition of benefitting. Some may argue that getting your own money back is not a benefit & they may be right as getting your own money back might be regarded as "neutral". -
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I agree with them, too......backpeddalling.....
Stephen Harper and Jim Flaherty are not squabbling over the so-called Family Tax Cut, as the opposition would have you believe.
On the contrary, they are of the same mind — income splitting is dead and the $2.5-billion earmarked for the tax cut would be better spent extending the universal child care benefit that gives $100 a month to families with children under six.
John Ivison: Flaherty and Harper agree child care benefit a better policy than income splitting
Harper.
Flaherty.
Socialists.
Which one? You asked if I agreed to one statement and then you quote 7 statements.You agree with this statement from Flaherty?
"It's an interesting idea. I'm just one voice. It benefits some parts of the Canadian population a lot. And other parts of the Canadian population virtually not at all," Flaherty told reporters following an event in Ottawa.
"And I like to think I'm analytical as finance minister, so I will, when we discuss it eventually in cabinet, in caucus, I will present my analysis to my colleagues."
Earlier, Flaherty said the measure needs "a long, hard, analytical look" by experts "to see who it affects in this society and to what degree. Because I'm not sure that overall it benefits our society."
Jim Flaherty backs away from income-splitting promise
Take a look at this scenario- you are walking down the road when all of a sudden I jump out of the bush and rob you and the next day I have feelings of guilt and return the money. Is that a benefit?
Transparency eh?Which one? You asked if I agreed to one statement and then you quote 7 statements.
What I agreed with was that the child care tax credit would be of benefit.
Do you expect anyone in this forum to believe this load of B. S. ?
Which one? You asked if I agreed to one statement and then you quote 7 statements.
What I agreed with was that the child care tax credit would be of benefit.
Nope. I don't think that was stated anywhere, though.Do you agree with the notion that it is questionable that this policy (income splitting) benefits society?
I'm not saying firefighters don't benefit. I'm saying that society doesn't benefit, unless somebody can show me that retention or recruitment has increased because of the credit.In the rural areas the firefighters tax credit is quite popular. Most of us don't have much money for pay and few volunteers make much over 500/Year. Helps make up for lost work and out of pocket expenses. I think this is the group it is actually targeted towards.
Out of curiosity what does your association do with it's money?
This is getting stupid. The cost of a tax credit is no different than spending the same amount of money.
I agree. It's just less easy to track
Nope. I don't think that was stated anywhere, though.
You agree with this statement from Flaherty?
"It's an interesting idea. I'm just one voice. It benefits some parts of the Canadian population a lot. And other parts of the Canadian population virtually not at all," Flaherty told reporters following an event in Ottawa.
"And I like to think I'm analytical as finance minister, so I will, when we discuss it eventually in cabinet, in caucus, I will present my analysis to my colleagues."
Earlier, Flaherty said the measure needs "a long, hard, analytical look" by experts "to see who it affects in this society and to what degree. Because I'm not sure that overall it benefits our society."
Jim Flaherty backs away from income-splitting promise
It was in the Flaherty quote. It's not word for word but he did admit his uncertainty about the policy.
I'm not saying firefighters don't benefit. I'm saying that society doesn't benefit, unless somebody can show me that retention or recruitment has increased because of the credit.
Off the top of my head, we have paid to train at least 5 members to full 1001 standards and have a few others one their way. We sprent 20k on new BAs, 30k on new bunker gear, 15k on a TIC, 20k on a new pump for our tanker among other things. We also donated 15k toward a new playground in town. Those are just some of the big ticket items we have done. All told we probably averaged close to 20k per year on donations of some kind.
I agree. It's just less easy to track