The Canadian Taxpayers Federation (CTF) has crunched the numbers and the federal government’s Family Tax Cut (FTC) along with enhancements to the Universal Child Care Benefit (UCCB) will give many Canadian families a considerable tax break this year.
As part of its annual New Year’s Tax Changes report, the CTF has calculated the tax savings for families from the retroactive implementation of the FTC combined with the UCCB enhancement.
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New analysis by the TaxPayers’ Alliance suggests that Britain’s tax system is neither progressive nor balanced across different income groups.
TaxPayers’ Alliance analysis shows the families on the lowest incomes pay a higher percentage of their gross income in tax than any other income group,and any increase in VAT would only make the situation worse.
However, the top 10 per cent of earners pay an average of £30,023 more in tax than they receive in state benefits or services
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