With regard to the tax reductions and child care support introduced by the government since the beginning of 2006, how much would a two income employed couple earning $35,000 and $52,000 (for a combined total of $87,000) living in Ontario, with two children under 18, including one under 6: (a) save in taxes as the result of (i) the reduction of the goods and services tax, (ii) the reduction of personal income tax rates, (iii) the increase of the basic personal amount, (iv) the introduction of the child tax credit, (v) the introduction of the employment tax credit, (vi) the introduction of the children's fitness tax credit, (vii) the introduction of the transit tax credit, assuming the cost of the monthly pass is $566 a year; and (b) receive from the Universal Child Care Benefit?
In the House of Commons on May 6th, 2008. See this statement in context.