Quote:
Originally Posted by bubbsy
stupid question....
was there ever any income splitting or refund splitting concepts prior to this? I typically do my taxes using software, and it simply asks if i want the tool to optimize our inputs across both our tax returns.
i also don't see what this policy change is intending to reward/punish (or help). Why would a family with X kids where both parents earn 75k/year garner less of a reward than a like sized family where 1 parent is a stay at home parent and the other earns 150k?
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Yes, but only really for people who are retired with private pensions. And its a good system for that generation, but private pensions have gone the way of the Dinosaurs for this generation outside of Unionized or Government work.
Quote:
Originally Posted by MarchHare
The Harper Government believes that the best way to raise a child is to have one parent (typically the mother) stay at home while the other is the sole breadwinner. Income-splitting provides a financial incentive for this type of family, or conversely, it provides a financial disincentive for families where both parents participate in the workforce.
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Thats one way of looking at it, the other way is that they're providing some relief on an overworked, understaffed and overly expensive daycare system.
For many people its actually cheaper to sacrifice an income in order to avoid daycare costs.
And remember, taking care of your kids is not the Government's job.