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Finance committee Yes.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee For 2016-2017, yes.... I'm sorry; it goes from about $80 million in 2016-17 to $330 million in 2020-21.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee Yes. These brackets are indexed to inflation, so yes, they increase on that basis year after year.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee I haven't made the calculation myself.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee I assume that you did the calculation correctly. I can't confirm because I haven't done it.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee Yes.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee You want me to do the calculation and confirm?
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee It looks like 330 divided by 365, in all logic, is below a dollar.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee We do have a calculation, a number here. If you take the new Canada child benefit into account, combined with the middle-class tax cut, and also take into account the repeal of the family tax cut and of the children's fitness tax credit and arts tax credit with it, all that net
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee Yes.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee It's a bit more than 1%, roughly 1%.
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee Well....
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee Yes. The participation rate, maybe that's one way to look at that—
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee The participation rate of individuals, for instance, earning between $20,000 and $40,000 is about 40%, so it's a good participation rate in that level of income. The participation rate does increase somewhat with income, and it reaches about 67% for those earning more than $250,0
April 12th, 2016Committee meeting
Miodrag Jovanovic
Finance committee About 60% of those maximizers have incomes less than $60,000.
April 12th, 2016Committee meeting
Miodrag Jovanovic