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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

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

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