Canadian Taxes

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Canadian Finance Minister Jim Flaherty discusses this week’s federal budget.
Whether the Conservatives move forward with their long-promised income-splitting scheme is up to the prime minister, Finance Minister Jim Flaherty said.
The tax perk has become the subject of scrutiny, with some critics saying it amounts to little more than a cost to government that benefits few, affluent households.
“It’s a good debate,” Flaherty said in an interview on The West Block with Tom Clark. “And I think in the next year it will be healthy for Canada to have a fulsome discussion about that issue, because there are some people who benefit, and some who don’t in that world of income-splitting.
Whatever the outcome of that national discussion, Flaherty said he won’t be the one deciding whether the 2011 promise is kept.
“That will be up to the prime minister at the end of the day, whether he chooses to go ahead with it or not,” the minister said.


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