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Lower incomes exempt from health-care levy$ B" z/ g# ^7 K
/ a E1 s3 O3 s, n' WHowever, 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.
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4 e# @' G7 v& b6 z4 o& JPeople who make under $50,000 a year in taxable income will be exempt.: I- i0 @3 \# r/ ?% w E
3 p- x6 o1 M- [# uFor 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.9 q; J; Z) O5 f7 o
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By 2016-17, the first year the levy will be in place for the entire year, government will take in $530 million.
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- z1 {: ^1 {/ |* A+ g4 SThe 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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