{"id":63283,"date":"2015-10-20T11:42:08","date_gmt":"2015-10-20T16:42:08","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=63283"},"modified":"2015-10-20T11:42:08","modified_gmt":"2015-10-20T16:42:08","slug":"high-income-earners-face-higher-taxes-lower-child-benefits-under-liberals","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/10\/20\/high-income-earners-face-higher-taxes-lower-child-benefits-under-liberals\/","title":{"rendered":"High income earners face higher taxes, lower child benefits under Liberals"},"content":{"rendered":"
\"ShutterStock\"<\/a>
ShutterStock<\/figcaption><\/figure>\n

OTTAWA — Canada’s highest income earners face the prospect of higher taxes under a new Liberal government, but those in the middle can expect a break.<\/p>\n

The Liberals have promised to cut the middle income tax bracket to 20.5 per cent from 22 per cent.<\/p>\n

However, to help pay for the cut, the party has promised to create a new tax bracket of 33 per cent for those earning more than $200,000.<\/p>\n

High-income earners can also expect to receive less from the government under the Liberals’ plan to eliminate the universal child-care benefit and replace it with a new Canada child benefit that reduces the amount families receive as household income rises.<\/p>\n

The party has also promised to eliminate the Conservatives’ controversial income-splitting plan for families and to roll back this year’s increase in the tax-free savings account contribution limit from $5,500 to $10,000.<\/p>\n

The Liberals are also expected to restore the eligibility age for old age security and guaranteed income supplement to 65. The Conservatives had introduced a plan to raise it gradually to 67.<\/p>\n","protected":false},"excerpt":{"rendered":"

OTTAWA — Canada’s highest income earners face the prospect of higher taxes under a new Liberal government, but those in …<\/p>\n","protected":false},"author":44,"featured_media":8083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,18,483],"tags":[],"class_list":["post-63283","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ca","category-politics","mauthors-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/63283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=63283"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/63283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/8083"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=63283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=63283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=63283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}