Mr. Speaker, here is an important quote. “It benefits some parts of the Canadian population a lot and other parts of the Canadian population, virtually not at all.” That is what the late Jim Flaherty said of the type of income splitting announced last week.
A single mother working as a nurse and raising an 8-year-old child would get nothing from income splitting. However, a senior bank executive whose husband stays home with their 8-year-old would get $2,000. How does that pass Jim Flaherty's test of fairness?