Quote:
Originally Posted by CaptainCrunch
fair enough, though I don't really believe that 35k is really low income, I would class that as lower to middle. I believe that the higher exemption rate helps low income earners.
If you adjust to lets say $24,000
Alberta 24k exempt 10% = 600
Ontario 5.05 = 1267
BC 5.06 = 1271
But like I mentioned, if you raised the exemption rate in Alberta to lets say 24k
Then on a 35k line
Alberta would be $1100.00
Ontario 1267 at their current plan
BC 1270.00
You could even increase the flat tax rate by a 1 or 2% to compensate and it would still be a fairer system to the poor at or below the exemption point then the other taxes.
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24K is just over $11/hr. Minimum wage is $10.20
Can't find anything from the gov sites so it's unconfirmed, but the average hourly wage in AB is $27.80 which is about 58K.