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Lower incomes exempt from health-care levy8 Z; r& h; }- Q2 s# i: t1 J0 E1 q
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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.
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% U/ \1 c' D) }2 R6 K7 yPeople who make under $50,000 a year in taxable income will be exempt.% M8 G x7 Y+ V* \# G% g
- ^" z9 u( c( T" I) ~. T/ u/ bFor 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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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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7 |9 G, S! o7 [1 d3 E8 `7 |/ KThe 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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