Robin Hood reversed: Income-splitting benefits mainly wealthy breadwinners

Jody Dallaire, Dieppe Advisory Committee on Equal Opportunity between Women and Men;Straight Goods

The federal government has promised to introduce a tax change that will benefit only higher income families, favour couple-families over lone-parent families, favour men over women, and create an incentive to women being economically dependent. The change also will be very expensive to taxpayers.

Gee, what’s not to love, eh?

Income splitting will also:

  • reduce the share of government revenue paid by high-income Canadians,
  • probably reduce provincial governments’ revenues,
  • remove people from the labour force at a time when Canada needs more labour force participation, and
  • widen the gap between the rich and the rest of us.

Not exactly what we need these days.

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