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Who Wins and Who Loses with Income Splitting

So just who in our society will benefit from the income splitting tax measure that has been both championed and questioned within Conservative ranks, not to mention the official Opposition? And if this is a tax break that benefits only a certain segment of Canadians, is that a mistake or is it by design?...
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The Current22:00Who Wins and Who Loses with Income Splitting - Nov 10, 2014
So just who in our society will benefit from the income splitting tax measure that has been both championed and questioned within Conservative ranks, not to mention the official Opposition? And if this is a tax break that benefits only a certain segment of Canadians, is that a mistake or is it by design?

My name is Veronique Bergeron. We have nine children and I am currently looking after my 6 month old infant at home. I think that income splitting is a really good thing for families who have a parent who stays at home because it recognizes the value of the work that usually women do inside the home.

• Income splitting: What it is and who benefits -- CBC News


The Conservative government is close to finally making good on a long-ago promise. During the 2011 election campaign, Conservatives promised tax relief for families. And late last month the Prime Minister announced a bundle of increased benefits and tax cuts... including a plan to allow some families to divvy up their incomes so they will pay fewer taxes. It's called income splitting and will cost the government $2-billion dollars a year.

On Wednesday, the Finance Minister Joe Oliver will give an economic update expected to show how much of the federal surplus will be left after paying for income splitting and other benefits for families.

To help us do the math on income splitting we were joined by two guests:


So what do you think... is income splitting is a good idea? Will it benefit your family?

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This segment was produced by The Current's Lara O'Brien and Sarah Grant.

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