Federal study details workers hit hardest by tax, benefit system for extra earnings

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Newly 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.

Besides paying more tax, making more money can mean losing other benefits aimed at alleviating poverty.

Just behind them were the top 10 per cent of workers, with incomes over $114,570, who gave up $402 for every $1,000 of additional earnings. Officials noted that being not much better off, or faring even worse, after a boost in earnings could be a disincentive for taking extra work for those employed, and could keep others out of the job market.

The reports delivered in early November, days after the federal election that saw the Liberals returned to power with a minority in the House of Commons, came as the public service was trying to solve a suite of issues facing an aging workforce. It's politically problematic, and likely would take two years to get done, Hughes said, but "I don't know how you avoid one now."

 

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I mean, when the PM and Finance Minister are uniquely unqualified for their jobs, and completely incompetent in every way, this is to be expected.🤷‍♂️

The liberals don't care about the working class and yet the working class keeps voting them in...

Here is Health Minister Patty Hadju at the airport this weekend with NO MASK. Remember how Trudeau paid his media to go after Andrew Scheer like pitbulls for the exact same thing?

Govt should try to lower taxes so that people could have some money left in their hands to spend or save

TRY TAXING THE RICH.

Hardest hit is working a lifetime to study deemed to poverty disabled injured worker & balancing the family budget, like WSIB union front desk on up that castle tower.

Guarantee the higher earners pay more tax annually. If you over pay at some point cause you got extra hours, you will see it on your return. Sounds like the feds are gearing up for another tax increase off of the middle classes backs again.

so much for our progressive tax system incometaxisstupid

What a bunch of losers this Liberal party.

Good old snake oil salesmen fucking over the little guy again. Has no balls to tax the rich. Cause then his friends would not play with him

And that is the big news

Trudeau is punishing hard working Canadians.

Why are we still paying taxes on CPP and OAS. We payed taxes all our lives and pensions should be tax free.

put someone in charge of Canada's Finances who doesn't have an experience or know how - Canada is going to end up like Ontario the other Liberal who thot spending her way to get votes was the way to go - politics = which politician can bull crap the most with taxpayers money

Dont provide a livable minimum wage and tax extra income Government capitalism

My husband works a LOT of overtime. It's a punitive system where the less life balance you have, the more you are punished for it. If anything, overtime should be rewarded with a lower tax rate. People give up their evenings and weekends for what?

No sh*t Sherlock. If any of then had been of the people they’d have known this, amd experienced it themselves. A $1000 raise is far less than $1000 takehome.

The need to lower taxes to give us some extra amount to spend. Giving one hand and taking away from the other leave us in surprise and shocks

“ helping the middle class and those thriving to join it “ another lie by the sunny ways bunch .

Should just make a flat tax for income. Maybe 15% or something?

Trudeau gives it and takes it away.

This isn’t new, why did we need another federal study?

Their was paying work, people are just to lazy to do manual labor.

Of course. That’s how all pyramid schemes work. The guys at the bottom always get screwed the hardest.

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