Income Splitting Accomplishments
As you know Income Splitting is a highly popular device right now to stop the discrepancy in thecurrent tax system for these reasons.
1. Double income and single income families have up to a 42% difference in their in their taxcalculations.
2. In general families with double incomes one family member sacrifices through childbirth and usually one parent takes a lower paying job. In this case the double income family is still paying higher taxes than the family that is each making the same salary.
3. Unpaid caregivers want and need an acceptance’s through all levels of government. This appreciation will able the caregivers to officially have respect.
We have successfully advocated for Income Splitting from 2006 - current we were able to,
Committee of the Finance Department report on Income Splitting by Sara Landriault
Income Splitting conference held Sept 30th, Parliament Hill for Pension Splitting
Pension Splitting Conference - CAPS
Before Sara Landriault became President and founder of NFCA Sara volunteered to work with Dan Braniff, Garth Turner and Frank Stokes for the Pension Splitting Conference.
Pension Tension Conference Oct 3,2006
Another Income Splitting Conference was held on Jan 30th/2007 by Sara Landriault (Current President of NFCA), Beverley Smith and Garth Turner (MP).
Pictures of Its fair to share Income Splitting Conference
This conference was acknowledged by the Finance Minister Jim Flaherty. Yet since Income Splitting did not make it in the 2007 finance budget were are still grateful for pension splitting and strongly working towards family income splitting. Our advocating for income splitting has made a big play in the media and even further with the voters across Canada.
Canwest Global News recently did a survey on Income Splitting across Canada.
Income Splitting Petition (currently over 1,300 signatures)
Income splitting has overwhelming support, poll shows
Ipsos Reid News Release go HERE
Jack Aubry, The
Ottawa Citizen
Published: Tuesday, February 27, 2007
Canadians overwhelmingly favour giving married couples a tax break through income splitting in the next federal budget, even if it means a cut in government social spending, a new national poll shows.
About three out of four respondents said they believe income splitting is a “good thing” after being told it potentially represents a $5-billion cut in government revenues, allowing the money to be kept by couples.