Highest Earners Could Gain From Liberals’ New Income Tax Cut: Watchdog

Finance Minister Bill Morneau responds to a question in the House of Commons on Jan. 28, 2020.

A report Tuesday from the parliamentary budget office says Canadians earning between about $160,000 and $227,500 will, on average, save about $257 a year in taxes once the tax cut is fully implemented in 2023. The Liberals sold the measure during the election and in the first weeks of their new mandate as helping low- and middle-income earners, while ensuring those at the high end of the income scale didn’t get to pocket any savings.But the budget office says that isn’t likely to happen based on how the Liberals set up the income-tested tax break.

“You’d think that those above the income cutoff threshold for the basic personal amount would not benefit in any sense, but they do,” budget officer Yves Giroux said in an interview.

Is it worth the cost $187B so 900,000 Canadians won't have to pay any income tax? Lost revenue?

Bill moron looking after his rich buddies first JustinTrudeau

But of course.. We didn't believe them anyway..

You know, the middle class.

So, what else is new?

Done by a finance minister who understands DSUs, national dividends turned into DSUs or transferable to others. 99% don't know what I wrote...but u should. Morneau knows. Is it like in Alberta?

Big Surprise! Mor-NO is as brain dead, anti Canadian, Laurentian elitist as Comrade JustinTrudeau Neither recognize the disaster they have created nor do they care. Bill_Morneau got his financial certification from Kellogg’s. Time to revolt against this total mismanagement!

acoyne Blackface, massive corporate debt written off, completely missing Paris targets, this... Etc. If the leader of the CPC goes to a gay pride parade, I'm not going to know who the centre-right party is in this country anymore.

acoyne Obviously the highest earners are just trying to join the middle class that the liberals are trying for all us to become a part of.

Can you find out if AndrewScheer claimed his children's private school tuition on his past few years income tax returns? You know, where he used taxpayer subsidized dollars to pay for? cdnpoli

acoyne Just helping the middle class. Whatever that is.

All or just Liberals and Quebec high earners?

That’s so woke JustinTrudeau

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