Wednesday, March 4th-9.4°C
25405
23829

Flaherty has doubts about benefits of promised income-splitting

OTTAWA - Finance Minister Jim Flaherty says he's not sure whether income-splitting for tax purposes will benefit society.

It's a promise the governing Conservatives made in the last election, but were unable to fulfil as they fell into a fiscal hole during the recession.

Flaherty is now projecting a $6.4 billion surplus in 2015, just in time for the next election.

But he's expressed doubts that income-splitting for families with dependents under the age of 18, expected to cost about $2.5 billion, is the right way to spend that surplus.

He says he doesn't like shiny election baubles and would personally rather use the surplus to pay down the country`s debt.

He`s also blasting the provinces and territories on job training, the latest salvo in a battle over a contentious federal program.

He says provinces are getting billions of dollars to train workers, but there's still a mismatch between the jobs that need to be filled and the skills workers have.

The Canadian Press


Read more Business News

24896


Recent Trending




Today's Market
S&P TSX15133.85-130.20
S&P CDNX702.30-2.05
DJIA18203.37-85.26
Nasdaq4979.901-28.195
S&P 5002107.78-9.61
CDN Dollar0.7992-0.0014
Gold1202.30-1.70
Oil51.59-0.55
Lumber294.00-0.40
Natural Gas2.699-0.035

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.600.00
Cantex0.035-0.005
Anavex Life Sciences0.175-0.005
Metalex Ventures0.0450.00
Russel Metals25.21-0.33
Copper Mountain Mining1.25-0.04
Colorado Resources0.1350.00
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.215-0.01

 





FEATURED Property
22154892 - 382 Braeloch Road
5 bedrooms 4 baths
$3,350,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


25107