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Lower incomes exempt from health-care levy6 }$ h& O) u( L$ k" d. ?4 v0 |
* P; e) L' p$ k7 }However, the government is taking measures to reduce the effects on lower income earners. Unlike the old health premiums that were killed in 2008, the new health-care contribution levy will be assessed according to income.9 |# L& k8 P7 K7 b4 U. p
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People who make under $50,000 a year in taxable income will be exempt.
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( d, r0 J& n4 SFor example, someone earning between $50,000 to $70,000 will pay a maximum of $200 a year. The amount will be capped at $1,000 a year for those earning over $130,000 a year. The payments will be deducted from people’s paycheques and will not be paid by employers.
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" h9 C( C6 h2 Y0 V0 bBy 2016-17, the first year the levy will be in place for the entire year, government will take in $530 million.* c' Q+ v0 D7 f" ]4 ?
' L; _. o6 W9 M2 s8 [/ {3 HThe government is also introducing the new Alberta working family supplement, which will assist families that earn between $2,760 and $41,220 a year. A working family with one child will be eligible for a maximum credit of $1,100. The supplement will be paid in addition to the Alberta family employment tax credit, which has increased. |
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