Income Splitting Takes Centre Stage in Election Campaign
ARPA Note: Allowing families to split their income for tax purposes so that it isn’t a penalty to have one parent stay at home has been promoted for years by Christians. And it looks like it is now finally being raised as a possibility. But there are strings attached.
Globe and Mail, March 28 2011: Stephen Harper is kicking off the 2011 campaign battle for the middle class vote with a $2.5-billion tax break pledge aimed at parents of children under 18. But there’s a huge catch to this: It wouldn’t take effect until the deficit is eliminated – a date that could be four years in the future. Read more