start > Income Splitting
Income Splitting
Proposed Canadian Federal Income Tax Splitting
21 November 2006 Numbers, based on the 2005 Tax year (
source).| Family Income | Taxed as one earner | Taxed as two earners of half each | Difference |
|---|---|---|---|
| $40,000 | $4583 | 2x $1,491=$2,982 | $1601 (34%) |
| $80,000 | $13,822 | 2x $4584=$9,168 | $4654 (33%) |
| $200,000 | $47,351 | 2x $18932=$37,864 | $9487 (20%) |
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