Canadian Champion (Milton, ON), 9 Mar 2007, p. 11

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Turner continues push for income splitting Calling for it to be pat offederal budget Haiton MP Garth Turner is caliing on the Canadian government to bring in famiiy income splitting as part of the federal budget that'l soon be tabled. The move cornes as part of Turners contmnued push wo aiiow [amulies to spit income between husband and wife for tax purposes. "This is something Tve fought foi sînce being eiected more than a year ago. and its a direct resuit of ail thc requests 1 heard lrom people on doorsteps across Halton," Turner said. "Many families are under financial stress, and allowing spooses to, share their income could cui taxes and give a huge boost wheni it cornes to famnily expenses." Turner recentx hosted a national conlerence on the topic iii Ottawa, whichi attracted experts and childcarc advocates lrom across the country. [he Halton MP reports hie hias been able to raise support for the idea from MPs of A lioliticai parties. faniily incomne splitting would alloxv couples to allocate cxîstîng income hetween husband and wvife in a way that drops the overali tax rate and increases cash flow By shifting income from one wotking spouse to one who stays at home and cares for children, for exampie, taxes are cut and the caregiv- er gets to enjoy earned income, whicb also allows RRSP contributions. Would alleviate disparity: Turner Turner said income splitting would also even out the current tax dîsparity between single-income and diiai- income [amies. "The tîme has comne îo exteud this income splitting prînciple to tamilies wîth kids," he emphasized. "Families are the foundcation of this country and middle-class lamilies are the ones pay- tng most of the freighi. its time they had some hack.- Turner is ollering Halton rcsidents a free analysîs of the federal hudget with- in hours of its release on March 19. Thc report, which xviii be written hy Turner, will he ax ailable hy e-mail oniy To ohtain a copy, send an e-mail to help@garth.ca and write 'budget report' in the suhlect fiue. For more inforimation contact Esther Shaye iii Garth Turners office at (905) 693-0166. The Canadian Champion, Friday, March 9, 2007 - All Active kîdz a re kunstoppable rF When you start them off with a healthy, active lifestyle, kids have more energy and self-confidence to pursue their goals for the future. Contact us today to get a Physical Activity Guide, to learn about the benefits of physîcal activity and sport participation, and how the new Children's Fitness Tax Credit can help you keep your child moving. For information on the Children's Fitness Tax Credit, coui Physical activity. lt's for lite!

Powered by / Alimenté par VITA Toolkit
Privacy Policy