Workers Making The Least Are Hit Hardest For Extra Earnings: Federal Docs

  • 📰 HuffPostCanada
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Making more money can mean losing benefits aimed at alleviating poverty.

The Canada Revenue Agency headquarters Connaught Building is pictured in Ottawa on Aug. 17, 2020.

Understanding who loses more from earning more, and what federal programs are involved “can guide the development of approaches to ease the burden … and encourage additional work,” officials wrote in the documents. Paying more in taxes was the culprit for those making the most, while those near the bottom faced a double-whammy of taxes and drops in income-tested benefits, such as the Canada Child Benefit.Overall, the country’s 19 million workers would have lost, on average, $341 for each $1,000 boost in their earnings based on the 2017 data the paper relied on, but the burden was heavier for workers with children.

The Canadian Press obtained a copy of the reports and associated briefing note through the Access to Information Act.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 61. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Why a Canadian toy maker is joining the mask-making businessA well-known Canadian toy maker is adding mask-making to its business model, in hopes of ensuring Canada doesn’t experience another dangerously low supply of personal protective equipment. ... because they want to go bankrupt very soon. We don't need more fast mask fashion! Enough with companies making there own to sell. I get that they needn't find a way to make business but, how much do they think they can really sell with so many other companies having their own before them? Just a thought... Money?
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Federal study details workers hit hardest by tax, benefit system for extra earningsNewly released documents show Finance Department officials calculated that workers near the bottom of the income ladder are dinged hardest for extra earnings than anybody else, including those at the top. Of course. That’s how all pyramid schemes work. The guys at the bottom always get screwed the hardest. Their was paying work, people are just to lazy to do manual labor.
La source: CTVNews - 🏆 1. / 99 Lire la suite »

Workers at bottom of ladder hit hardest for earnings, new federal study showsWorkers with modest incomes, between about $25,000 and $34,000, lost $413 for every $1,000 in extra earnings, the highest clawback of any income level Gotta lower the tax burden for lower income people and let the wealthy carry the burden . It's always the poor(est) that are effected! Food prices going up. Carbon Taxes. Small businesses closing: unemployment up. The poor vote Trudeau? Karma 🤔 . And the National recovery plan will be?
La source: nationalpost - 🏆 10. / 80 Lire la suite »