Income splitting should be expanded

A version of this appeared in the National Post on March 30, 2015

March 30, 2015 | by Andrea Mrozek , Executive Director, Institute of Marriage and Family Canada
PDF:  Income splitting should be expanded

Endnotes

  1. Scholz, T. and Shaw, T. (2015, March 17). The Family Tax Cut. Office of the Parliamentary Budget Officer. Retrieved from http://www.pbo-dpb.gc.ca/files/files/Family_Tax_Cut_EN.pdf
  2. Ibid, p. 1.
  3. In 2012, 37% of working mothers in the United States thought full-time work was “ideal.” From http://www.pewresearch.org/daily-number/more-working-mothers-now-prefer-full-time-work/
  4. “Higher income households representing only 24 per cent of the tax base claim 38 per cent of tuition fee and education cost credits. They also claim two-thirds of registered retirement deductions (although the principal and investment returns are fully taxed when cashed in). High-income households are also responsible for two-thirds of charitable donation tax credits.” Bazel, P. and Mintz, J. (2014, December 11). Income splitting not perfect, but it is a step in the right direction, National Post. Retrieved from http://business.financialpost.com/2014/12/11/income-splitting-taxes/
  5. Kozhaya, N. (2006, October). $7-a-day childcare. Are parents getting what they need? Montreal Economic Institute. Retrieved from http://www.iedm.org/files/octobre06_en.pdf
    Editorial. (2014, September 23). Change to Quebec’s $7-a-day daycare can’t come soon enough. Maclean’s. Retrieved from http://www.macleans.ca/news/canada/quebecs-plan-to-end-7-a-day-daycare-is-a-breakthrough-for-economic-fairness-and-common-sense/
  6. Broadbent Institute. (2014, June). The big split: Income splitting’s unequal distribution of benefits across Canada. Retrieved from https://www.broadbentinstitute.ca/en/issue/big-split-income-splittings-unequal-distribution-benefits-across-canada
  7. “For the first time in 2006, there were more households comprised of couples without children (29.0%) than households comprised of couples with children (28.5%). This gap widened in 2011, with 29.5% of households comprised of couples without children and 26.5% comprised of couples with children.” Minister of Industry. (2012). Canadian households in 2011: Type and growth, p. 1. Retrieved from http://www12.statcan.gc.ca/census-recensement/2011/as-sa/98-312-x/98-312-x2011003_2-eng.pdf
  8. Kesselman, R. (2014, November6). The real problem with income splitting? It targets the wrong parents. Retrieved from http://www.ipolitics.ca/2014/11/06/the-real-problem-with-income-splitting-it-targets-the-wrong-parents/