01-27-2009, 03:22 PM
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#58
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Franchise Player
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This is what I care about the most
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Personal tax reductions: $20 billion in personal income tax reductions, including an increase in the basic personal exemption to $10,320 from $9,600. As well, you would stay in the lowest tax bracket (15 per cent) if you make $40,726 this year. It used to take $37,885 to trigger a jump into the next (22 per cent) tax bracket. The upper limit of that bracket would be increased by 7.5 per cent to $81,452. A single person earning $40,000 would save $115 from measures announced in this budget. A one-income family with two children earning $40,000 would save $148.
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