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Oh Dog.
Doug Ford's pledge of 'zero income tax' leaves minimum wage earners worse off
Ontario PC leader Doug Ford's big campaign promise for minimum wage workers, announced this week, is to offer them an income tax credit.
Ford is pitching this as relief for "folks that are working their back off for minimum wage." He said the move would give a full-time worker earning $14 an hour about $800 extra in a year.
Ford didn't mention that the same worker would get nearly twice that amount if the hourly minimum wage rises by $1 next year, something he is promising to stop.
CBC News did the math to compare Ford's income tax proposal with the Liberal and NDP pledge to boost the minimum wage to $15 per hour as of Jan. 1, 2019.
At the current rate of $14/hr, a full-time minimum wage earner has a gross annual income of $29,120. Factoring in the basic tax deductions available to all employees, that person would pay about $859 in provincial income tax. That would be the maximum tax credit available under Ford's plan.
How Doug Ford's pledge of 'zero income tax' leaves minimum wage earners worse off | CBC News
Oh Dog.
Doug Ford's pledge of 'zero income tax' leaves minimum wage earners worse off
Ontario PC leader Doug Ford's big campaign promise for minimum wage workers, announced this week, is to offer them an income tax credit.
Ford is pitching this as relief for "folks that are working their back off for minimum wage." He said the move would give a full-time worker earning $14 an hour about $800 extra in a year.
Ford didn't mention that the same worker would get nearly twice that amount if the hourly minimum wage rises by $1 next year, something he is promising to stop.
CBC News did the math to compare Ford's income tax proposal with the Liberal and NDP pledge to boost the minimum wage to $15 per hour as of Jan. 1, 2019.
At the current rate of $14/hr, a full-time minimum wage earner has a gross annual income of $29,120. Factoring in the basic tax deductions available to all employees, that person would pay about $859 in provincial income tax. That would be the maximum tax credit available under Ford's plan.
How Doug Ford's pledge of 'zero income tax' leaves minimum wage earners worse off | CBC News
