If everything is bought and paid for $29K is plenty. It pays to work hard and coast through life independently in the golden years. No bills, no income tax.
Are you suggesting that Peter was living on 29K per year?
Our department is funded by the municipality, by insurance companies, billed expenses, by grant monies from the province and (here's where it gets interesting) donations, grants and casino revenue raised by the firefighter association. Casino money and grant money come directly from the province. The donation come from the energy sector and the farming community mostly. We write tax receipts as we are a charity. In effect, we are getting taxpayers dollars. We are not required by law to spend this money on firefighting, only "services to the community", so we could (and have) spent funds on playground equipment for instance.
My issue is that I expect value for dollars spent and tax credits limit the ability to track that. The firefighter tax credit is a perfect example. What is it's purpose? Is it to attract firefighters? Is it to retain firefighters? I'm not saying it these questions cant e answered. I'm saying nobody is asking them or tracking whether the credit is having success in achieving its purpose. The reason for that is that the credit doesn't show up on anybody's budget so nobody is accountable.
