On March 28, while campaigning in Vancouver, B.C., Stephen Harper promised to allow families with children under 18 years of age to share up to $50,000 of household income. For example, under Harper’s plan, two parents earning $60,000 and $20,000 each would pay the same amount of tax as two parents earning $40,000 each. But there’s a catch: the ‘Family Tax Cut’ would not be implemented until the deficit is eliminated, which the Conservatives say won’t happen until 2015.
$1,300 income-sharing tax break for families with children under 18
FILED UNDER: conservatives