Columnist Andrew Coyne is a huge fan of the Conservative government's new income splitting proposal. It's in the interest of fairness, you see. Single-earner couples, so his logic goes, aren't getting a fair shake in being taxed more than their dual-earner couple counterparts with the same total income.
By now, however, we are familiar with some of the patently unfair aspects of the Conservative scheme. There's the fact that the tax giveaway stands to exclude single parent families that need the most help. Or that even with the $2,000 cap, benefits from income splitting will accrue disproportionately to wealthy single-earner families.Read more
This article originally appeared in the Globe & Mail.
The Conservative Party’s 2011 election platform titled “Stephen Harper’s Low-Tax Plan” promised a bountiful menu of tax goodies. The government has delivered appetizers such as the Children’s Art Tax Credit and the Family Caregiver Tax Credit as well as an amuse-bouche in the form of a Search and Rescue Volunteers Tax Credit.Read more