Finance committee The main difference is that one is provided based on all income, whereas the working tax benefit is provided on the basis of employment earnings.
October 26th, 2006Committee meeting
John Stapleton
Finance committee Likely not, because with the way we've structured the supplement in our design, it would start at 600 hours of work per year. So you couldn't be working just a little bit and get the supplement.
October 26th, 2006Committee meeting
John Stapleton
Finance committee No. In fact, the proposal we have in the MISWAA report would have the various credits we propose actually end at that point. The reason is that at that level, the national child benefit supplement starts to phase out, so we want to make sure we don't try to occupy both zones.
October 26th, 2006Committee meeting
John Stapleton
Finance committee We're mostly in favour of refundable credits, especially for people who are making minimum wage, can barely make ends meet, and are trying to support their families. We think more money should go through the working income tax benefit. We're very pleased to see that Mr. Flaherty
October 26th, 2006Committee meeting
John Stapleton
Finance committee That's the most important part. If you take a province like Ontario where there's a 50% recovery rate on social assistance, when people start to earn and they reach a certain threshold amount, which we have suggested is about 600 hours a year, they would start to receive, through
October 26th, 2006Committee meeting
John Stapleton
Finance committee It would be a refundable credit that you would put through the tax system and through the income tax return. In fact, when somebody reported their employment income and that employment income was at a certain level, they would simply be paid a cheque, whether on a monthly basis o
October 26th, 2006Committee meeting
John Stapleton
Finance committee Well, the proposals we have for a working income tax benefit are already on the books. They were in the last economic statement of the Liberal government as well as carried over into the budget of Mr. Flaherty. So that's a very important entity to support. We also talked about r
October 26th, 2006Committee meeting
John Stapleton
Finance committee No, that money should go into income security programs.
October 26th, 2006Committee meeting
John Stapleton
Finance committee Thank you. Turning to our senior citizens, a resident of Ontario who turns 65 with no savings, no Canada Pension, or no other income of any kind receives a base guarantee of $15,200 a year through old age security, the guaranteed income supplement, and provincial credits of vari
October 26th, 2006Committee meeting
John Stapleton