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January 2001 Tax Savings
Main Page | Interactive Version
Childless non-senior couples should use the 'typical single individual' option for each of their incomes. Add results together for approximation of double income savings.
Details of Tax Cuts
For more information, consult Annex 2 of the Economic Statement and Budget Update (October 2000).
See also Assumptions used by the Tax Calculator.
Impact in 2001 of the October Statement and the 2000 Budget.
- Typical One-Earner Family of Four.
- Typical Two-Earner Family of Four.
- Typical Single Individual.
- Typical Single Parent With One Child.
Impact in 2001 of the October Statement.
- Typical One-Earner Family of Four.
- Typical Two-Earner Family of Four.
- Typical Single Individual.
- Typical Single Parent With One Child.
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination.
- Typical One-Earner Family of Four.
- Typical Two-Earner Family of Four.
- Typical Single Individual.
- Typical Single Parent With One Child.
Typical One-Earner Family of Four
Impact in 2001 of the October Statement and the 2000 Budget
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | Federal tax pre-2000 budget | Reduce 17% rate to 16% | Increase personal amounts to $7,412 and $6,294 | Increase brackets to $30,754 and $61,509 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Other indexation | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 15,000 | -4,410 | -9 | -83 | 0 | 0 | 0 | 0 | -802 | -40 | -250 | -1,184 | – |
| 20,000 | -3,619 | -56 | -83 | 0 | 0 | 0 | 0 | -802 | -40 | -250 | -1,231 | – |
| 25,000 | -2,024 | -102 | -83 | 0 | 0 | 0 | 0 | -873 | -40 | -250 | -1,349 | – |
| 30,000 | -66 | -145 | -83 | -41 | 0 | 0 | 0 | -673 | -124 | -250 | -1,316 | – |
| 35,000 | 1,675 | -141 | -83 | -116 | -170 | 0 | 0 | -323 | -124 | -250 | -1,208 | -72.1 |
| 40,000 | 3,325 | -138 | -83 | -116 | -370 | 0 | 0 | -323 | -29 | 0 | -1,059 | -31.8 |
| 50,000 | 6,425 | -138 | -83 | -116 | -770 | 0 | 0 | -323 | 0 | 0 | -1,430 | -22.3 |
| 60,000 | 9,549 | -138 | -83 | -141 | -1,170 | 0 | 0 | -323 | 0 | 0 | -1,855 | -19.4 |
| 75,000 | 14,738 | -145 | -87 | -196 | -1,292 | -25 | -405 | -305 | 0 | 0 | -2,454 | -16.7 |
| 100,000 | 22,351 | -145 | -87 | -196 | -1,292 | -387 | -1,155 | 0 | 0 | 0 | -3,262 | -14.6 |
| 125,000 | 29,963 | -145 | -87 | -196 | -1,292 | -750 | -1,155 | 0 | 0 | 0 | -3,624 | -12.1 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical Two-Earner Family of Four
Impact in 2001 of the October Statement and the 2000 Budget
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|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | Federal tax pre-2000 budget | Reduce 17% rate to 16% | Increase personal amounts to $7,412 and $6,294 | Increase brackets to $30,754 and $61,509 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Other indexation | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 15,000 | -4,358 | 0 | 0 | 0 | 0 | 0 | 0 | -794 | -40 | -250 | -1,084 | – |
| 20,000 | -4,299 | -3 | -56 | 0 | 0 | 0 | 0 | -794 | -40 | -250 | -1,143 | – |
| 25,000 | -3,663 | -41 | -87 | 0 | 0 | 0 | 0 | -794 | -40 | -250 | -1,211 | – |
| 30,000 | -2,382 | -86 | -87 | 0 | 0 | 0 | 0 | -907 | -40 | -250 | -1,370 | – |
| 35,000 | -595 | -126 | -45 | 0 | 0 | 0 | 0 | -767 | -124 | -250 | -1,313 | – |
| 40,000 | 783 | -168 | -90 | 0 | 0 | 0 | 0 | -315 | -124 | -250 | -947 | – |
| 50,000 | 3,131 | -257 | -90 | -41 | 0 | 0 | 0 | -315 | 0 | 0 | -702 | -22.4 |
| 60,000 | 5,753 | -290 | -90 | -116 | -210 | 0 | 0 | -315 | 0 | 0 | -1,021 | -17.7 |
| 75,000 | 9,750 | -343 | -90 | -116 | -570 | 0 | 0 | -315 | 0 | 0 | -1,434 | -14.7 |
| 100,000 | 15,708 | -398 | -90 | -257 | -1,280 | 0 | 0 | 0 | 0 | 0 | -2,025 | -12.9 |
| 125,000 | 22,816 | -408 | -92 | -312 | -1,802 | -75 | -405 | 0 | 0 | 0 | -3,093 | -13.6 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical Single Individual
Impact in 2001 of the October Statement and the 2000 Budget
|
|
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | Federal tax pre-2000 budget | Reduce 17% rate to 16% | Increase personal amounts to $7,412 and $6,294 | Increase brackets to $30,754 and $61,509 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Other indexation | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 10,000 | 129 | -23 | -45 | 0 | 0 | 0 | 0 | 0 | -5 | -125 | -198 | – |
| 15,000 | 886 | -70 | -45 | 0 | 0 | 0 | 0 | 0 | -20 | -125 | -260 | -29.3 |
| 20,000 | 1,677 | -117 | -45 | 0 | 0 | 0 | 0 | 0 | -20 | -125 | -306 | -18.3 |
| 25,000 | 2,468 | -163 | -45 | 0 | 0 | 0 | 0 | 0 | -20 | -125 | -353 | -14.3 |
| 30,000 | 3,500 | -205 | -45 | -41 | 0 | 0 | 0 | 0 | -105 | -125 | -521 | -14.9 |
| 35,000 | 4,841 | -202 | -45 | -116 | -170 | 0 | 0 | 0 | 0 | 0 | -533 | -11.0 |
| 40,000 | 6,087 | -199 | -45 | -116 | -370 | 0 | 0 | 0 | 0 | 0 | -730 | -12.0 |
| 50,000 | 8,687 | -199 | -45 | -116 | -770 | 0 | 0 | 0 | 0 | 0 | -1,130 | -13.0 |
| 60,000 | 11,311 | -199 | -45 | -141 | -1,170 | 0 | 0 | 0 | 0 | 0 | -1,555 | -13.7 |
| 75,000 | 15,819 | -209 | -47 | -196 | -1,292 | -75 | -405 | 0 | 0 | 0 | -2,223 | -14.1 |
| 100,000 | 23,432 | -209 | -47 | -196 | -1,292 | -438 | -1,155 | 0 | 0 | 0 | -3,335 | -14.2 |
| 125,000 | 31,044 | -209 | -47 | -196 | -1,292 | -800 | -1,155 | 0 | 0 | 0 | -3,698 | -11.9 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical Single Parent With One Child
Impact in 2001 of the October Statement and the 2000 Budget
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|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | Federal tax pre-2000 budget | Reduce 17% rate to 16% | Increase personal amounts to $7,412 and $6,294 | Increase brackets to $30,754 and $61,509 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Other indexation | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 10,000 | -2,691 | 0 | 0 | 0 | 0 | 0 | 0 | -405 | -33 | -250 | -688 | – |
| 15,000 | -2,691 | 0 | 0 | 0 | 0 | 0 | 0 | -405 | -33 | -250 | -688 | – |
| 20,000 | -2,104 | -22 | -83 | 0 | 0 | 0 | 0 | -397 | -33 | -250 | -785 | – |
| 25,000 | -1,407 | -62 | -83 | 0 | 0 | 0 | 0 | -406 | -33 | -250 | -834 | – |
| 30,000 | -61 | -109 | -83 | 0 | 0 | 0 | 0 | -436 | -37 | -250 | -915 | – |
| 35,000 | 1,537 | -141 | -83 | -116 | -10 | 0 | 0 | -255 | -118 | -250 | -973 | -63.3 |
| 40,000 | 3,157 | -138 | -83 | -116 | -210 | 0 | 0 | -157 | -117 | -250 | -1,072 | -33.9 |
| 50,000 | 6,007 | -138 | -83 | -116 | -610 | 0 | 0 | -157 | 0 | 0 | -1,105 | -18.4 |
| 60,000 | 8,857 | -138 | -83 | -116 | -1,010 | 0 | 0 | -157 | 0 | 0 | -1,505 | -17.0 |
| 75,000 | 13,520 | -145 | -87 | -196 | -1,258 | 0 | -285 | -142 | 0 | 0 | -2,113 | -15.6 |
| 100,000 | 21,133 | -145 | -87 | -196 | -1,292 | -329 | -1,035 | 0 | 0 | 0 | -3,084 | -14.6 |
| 125,000 | 28,745 | -145 | -87 | -196 | -1,292 | -692 | -1,155 | 0 | 0 | 0 | -3,566 | -12.4 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical One-Earner Family of Four
Impact in 2001 of the October Statement
|
|
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|---|---|---|---|---|---|---|---|---|---|
| Total income | 2001 federal tax pre-Statement | Reduce 17% rate to 16% | Reduce 24% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 15,000 | -5,140 | -4 | 0 | 0 | 0 | -200 | -250 | -454 | – |
| 20,000 | -4,349 | -51 | 0 | 0 | 0 | -200 | -250 | -501 | – |
| 25,000 | -2,796 | -97 | 0 | 0 | 0 | -229 | -250 | -576 | – |
| 30,000 | -715 | -144 | 0 | 0 | 0 | -274 | -250 | -668 | – |
| 35,000 | 1,012 | -148 | -85 | 0 | 0 | -62 | -250 | -545 | -53.9 |
| 40,000 | 2,658 | -145 | -185 | 0 | 0 | -62 | 0 | -392 | -14.7 |
| 50,000 | 5,587 | -145 | -385 | 0 | 0 | -62 | 0 | -592 | -10.6 |
| 60,000 | 8,487 | -145 | -585 | 0 | 0 | -62 | 0 | -792 | -9.3 |
| 75,000 | 13,511 | -145 | -615 | 0 | -405 | -62 | 0 | -1,227 | -9.1 |
| 100,000 | 21,104 | -151 | -640 | -70 | -1,155 | 0 | 0 | -2,015 | -9.5 |
| 125,000 | 28,644 | -151 | -640 | -360 | -1,155 | 0 | 0 | -2,305 | -8.0 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical Two-Earner Family of Four
Impact in 2001 of the October Statement
|
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Total income | 2001 federal tax pre-Statement | Reduce 17% rate to 16% | Reduce 24% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 15,000 | -4,992 | 0 | 0 | 0 | 0 | -200 | -250 | -450 | – |
| 20,000 | -4,992 | 0 | 0 | 0 | 0 | -200 | -250 | -450 | – |
| 25,000 | -4,389 | -35 | 0 | 0 | 0 | -200 | -250 | -485 | – |
| 30,000 | -3,206 | -81 | 0 | 0 | 0 | -216 | -250 | -547 | – |
| 35,000 | -1,274 | -123 | 0 | 0 | 0 | -260 | -250 | -633 | – |
| 40,000 | 311 | -162 | 0 | 0 | 0 | -62 | -250 | -475 | – |
| 50,000 | 2,747 | -255 | 0 | 0 | 0 | -62 | 0 | -318 | -11.6 |
| 60,000 | 5,196 | -296 | -105 | 0 | 0 | -62 | 0 | -463 | -8.9 |
| 75,000 | 9,012 | -349 | -285 | 0 | 0 | -62 | 0 | -697 | -7.7 |
| 100,000 | 14,738 | -415 | -640 | 0 | 0 | 0 | 0 | -1,055 | -7.2 |
| 125,000 | 21,413 | -415 | -870 | 0 | -405 | 0 | 0 | -1,690 | -7.9 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical Single Individual
Impact in 2001 of the October Statement
|
|
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|---|---|---|---|---|---|---|---|---|---|
| Total income | 2001 federal tax pre-Statement | Reduce 17% rate to 16% | Reduce 24% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 10,000 | 77 | -21 | 0 | 0 | 0 | 0 | -125 | -146 | – |
| 15,000 | 818 | -67 | 0 | 0 | 0 | 0 | -125 | -192 | -23.5 |
| 20,000 | 1,609 | -114 | 0 | 0 | 0 | 0 | -125 | -239 | -14.8 |
| 25,000 | 2,400 | -160 | 0 | 0 | 0 | 0 | -125 | -285 | -11.9 |
| 30,000 | 3,310 | -207 | 0 | 0 | 0 | 0 | -125 | -332 | -10.0 |
| 35,000 | 4,603 | -211 | -85 | 0 | 0 | 0 | 0 | -296 | -6.4 |
| 40,000 | 5,749 | -208 | -185 | 0 | 0 | 0 | 0 | -393 | -6.8 |
| 50,000 | 8,149 | -208 | -385 | 0 | 0 | 0 | 0 | -593 | -7.3 |
| 60,000 | 10,549 | -208 | -585 | 0 | 0 | 0 | 0 | -793 | -7.5 |
| 75,000 | 14,824 | -208 | -615 | 0 | -405 | 0 | 0 | -1,227 | -8.3 |
| 100,000 | 22,217 | -216 | -640 | -110 | -1,155 | 0 | 0 | -2,120 | -9.5 |
| 125,000 | 29,757 | -216 | -640 | -400 | -1,155 | 0 | 0 | -2,410 | -8.1 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical Single Parent With One Child
Impact in 2001 of the October Statement
|
|
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|---|---|---|---|---|---|---|---|---|---|
| Total income | 2001 federal tax pre-Statement | Reduce 17% rate to 16% | Reduce 24% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $100,000 | Enhance Canada Child Tax Benefit | Provide heating expense relief | Total relief1 | Total relief as a % of federal tax2 |
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| $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 10,000 | -3,029 | 0 | 0 | 0 | 0 | -100 | -250 | -350 | – |
| 15,000 | -3,029 | 0 | 0 | 0 | 0 | -100 | -250 | -350 | – |
| 20,000 | -2,523 | -17 | 0 | 0 | 0 | -100 | -250 | -367 | – |
| 25,000 | -1,834 | -57 | 0 | 0 | 0 | -100 | -250 | -407 | – |
| 30,000 | -497 | -104 | 0 | 0 | 0 | -125 | -250 | -479 | – |
| 35,000 | 1,096 | -148 | -5 | 0 | 0 | -129 | -250 | -531 | -48.5 |
| 40,000 | 2,617 | -145 | -105 | 0 | 0 | -31 | -250 | -531 | -20.3 |
| 50,000 | 5,383 | -145 | -305 | 0 | 0 | -31 | 0 | -481 | -8.9 |
| 60,000 | 8,033 | -145 | -505 | 0 | 0 | -31 | 0 | -681 | -8.5 |
| 75,000 | 12,483 | -145 | -615 | 0 | -285 | -31 | 0 | -1,076 | -8.6 |
| 100,000 | 19,898 | -151 | -640 | -23 | -1,035 | 0 | 0 | -1,848 | -9.3 |
| 125,000 | 27,438 | -151 | -640 | -313 | -1,155 | 0 | 0 | -2,258 | -8.2 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. |
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Typical One-Earner Family of Four
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination
|
|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1997-1999 budget impacts | the Statement and the 2000 budget tax reduction measures in 2004 | ||||||||||||
| Total income | Federal tax pre-1997 budget | Total relief1 | Total relief as a % of federal tax2 | Reduce 17% rate to 16% | Increase personal amounts to $8,000 and $6,800 | Increase brackets to $35,000 and $70,000 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $113,804 | Enhance Canada Child Tax Benefit | Other indexation | Total relief1 | Total relief as a % of federal tax3 |
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| $ | $ | $ | % | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 15,000 | -2,959 | -1,451 | – | -9 | -151 | 0 | 0 | 0 | 0 | -1,099 | -80 | -1,340 | – |
| 20,000 | -2,145 | -1,475 | – | -56 | -258 | 0 | 0 | 0 | 0 | -1,099 | -80 | -1,494 | – |
| 25,000 | -922 | -1,102 | – | -102 | -258 | 0 | 0 | 0 | 0 | -1,512 | -80 | -1,953 | – |
| 30,000 | 431 | -497 | – | -145 | -258 | -41 | 0 | 0 | 0 | -1,407 | -251 | -2,102 | – |
| 35,000 | 2,209 | -534 | -24.2 | -141 | -258 | -541 | 0 | 0 | 0 | -626 | -251 | -1,818 | – |
| 40,000 | 3,896 | -572 | -14.7 | -138 | -258 | -541 | -200 | 0 | 0 | -676 | -155 | -1,969 | -59.2 |
| 50,000 | 7,074 | -650 | -9.2 | -138 | -258 | -541 | -600 | 0 | 0 | -776 | 0 | -2,314 | -36.0 |
| 60,000 | 10,278 | -728 | -7.1 | -138 | -258 | -566 | -1,000 | 0 | 0 | -876 | 0 | -2,838 | -29.7 |
| 75,000 | 15,425 | -687 | -4.5 | -145 | -271 | -909 | -1,443 | 0 | -150 | -1,009 | 0 | -3,927 | -26.6 |
| 100,000 | 23,255 | -904 | -3.9 | -145 | -271 | -909 | -1,470 | -336 | -900 | -9 | 0 | -4,040 | -18.1 |
| 125,000 | 31,085 | -1,122 | -3.6 | -145 | -271 | -909 | -1,470 | -698 | -1,314 | 0 | 0 | -4,808 | -16.0 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. 3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets. |
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Typical Two-Earner Family of Four
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination
|
|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1997-1999 budget impacts | the Statement and the 2000 budget tax reduction measures in 2004 | ||||||||||||
| Total income | Federal tax pre-1997 budget | Total relief1 | Total relief as a % of federal tax2 | Reduce 17% rate to 16% | Increase personal amounts to $8,000 and $6,800 | Increase brackets to $35,000 and $70,000 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $113,804 | Enhance Canada Child Tax Benefit | Other indexation | Total relief1 | Total relief as a % of federal tax3 |
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| $ | $ | $ | % | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 15,000 | -3,148 | -1,210 | – | 0 | 0 | 0 | 0 | 0 | 0 | -1,078 | -80 | -1,158 | – |
| 20,000 | -2,839 | -1,460 | – | -3 | -56 | 0 | 0 | 0 | 0 | -1,078 | -80 | -1,217 | – |
| 25,000 | -2,184 | -1,479 | – | -41 | -270 | 0 | 0 | 0 | 0 | -1,078 | -80 | -1,469 | – |
| 30,000 | -1,131 | -1,251 | – | -86 | -270 | 0 | 0 | 0 | 0 | -1,503 | -80 | -1,940 | – |
| 35,000 | -26 | -569 | – | -126 | -139 | 0 | 0 | 0 | 0 | -1,459 | -209 | -1,933 | – |
| 40,000 | 1,289 | -506 | -39.2 | -168 | -278 | 0 | 0 | 0 | 0 | -839 | -251 | -1,536 | – |
| 50,000 | 3,685 | -554 | -15.0 | -257 | -278 | -41 | 0 | 0 | 0 | -689 | 0 | -1,266 | -40.4 |
| 60,000 | 6,371 | -618 | -9.7 | -290 | -278 | -541 | -40 | 0 | 0 | -789 | 0 | -1,939 | -33.7 |
| 75,000 | 10,376 | -626 | -6.0 | -343 | -278 | -541 | -400 | 0 | 0 | -939 | 0 | -2,502 | -25.7 |
| 100,000 | 16,415 | -708 | -4.3 | -398 | -278 | -957 | -1,000 | 0 | 0 | -34 | 0 | -2,666 | -17.0 |
| 125,000 | 23,738 | -922 | -3.9 | -408 | -285 | -1,450 | -1,810 | -28 | -150 | 0 | 0 | -4,130 | -18.1 |
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|
1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. 3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets. |
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Typical Single Individual
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination
|
|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1997-1999 budget impacts | the Statement and the 2000 budget tax reduction measures in 2004 | ||||||||||||
| Total income | Federal tax pre-1997 budget | Total relief1 | Total relief as a % of federal tax2 | Reduce 17% rate to 16% | Increase personal amounts to $8,000 and $6,800 | Increase brackets to $35,000 and $70,000 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $113,804 | Enhance Canada Child Tax Benefit | Other indexation | Total relief1 | Total relief as a % of federal tax3 |
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| $ | $ | $ | % | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 10,000 | 259 | -130 | -50.2 | -23 | -139 | 0 | 0 | 0 | 0 | 0 | -9 | -172 | – |
| 15,000 | 1,040 | -154 | -14.8 | -70 | -139 | 0 | 0 | 0 | 0 | 0 | -40 | -249 | -28.1 |
| 20,000 | 1,855 | -178 | -9.6 | -117 | -139 | 0 | 0 | 0 | 0 | 0 | -40 | -296 | -17.6 |
| 25,000 | 2,669 | -201 | -7.5 | -163 | -139 | 0 | 0 | 0 | 0 | 0 | -40 | -342 | -13.9 |
| 30,000 | 3,726 | -226 | -6.1 | -205 | -139 | -41 | 0 | 0 | 0 | 0 | -211 | -596 | -17.0 |
| 35,000 | 5,104 | -263 | -5.2 | -202 | -139 | -541 | 0 | 0 | 0 | 0 | -61 | -943 | -19.5 |
| 40,000 | 6,387 | -301 | -4.7 | -199 | -139 | -541 | -200 | 0 | 0 | 0 | 0 | -1,079 | -17.7 |
| 50,000 | 9,065 | -379 | -4.2 | -199 | -139 | -541 | -600 | 0 | 0 | 0 | 0 | -1,479 | -17.0 |
| 60,000 | 11,769 | -458 | -3.9 | -199 | -139 | -566 | -1,000 | 0 | 0 | 0 | 0 | -1,903 | -16.8 |
| 75,000 | 16,413 | -594 | -3.6 | -209 | -146 | -909 | -1,470 | -28 | -150 | 0 | 0 | -2,912 | -18.4 |
| 100,000 | 24,243 | -811 | -3.3 | -209 | -146 | -909 | -1,470 | -390 | -900 | 0 | 0 | -4,024 | -17.2 |
| 125,000 | 32,073 | -1,029 | -3.2 | -209 | -146 | -909 | -1,470 | -753 | -1,314 | 0 | 0 | -4,801 | -15.5 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. 3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets. |
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Typical Single Parent With One Child
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1997-1999 budget impacts | The Statement and the 2000 budget tax reduction measures in 2004 | ||||||||||||
| Total income | Federal tax pre-1997 budget | Total relief1 | Total relief as a % of federal tax2 | Reduce 17% rate to 16% | Increase personal amounts to $8,000 and $6,800 | Increase brackets to $35,000 and $70,000 | Reduce 26% rate to 22% | Eliminate surtax | Reduce 29% rate to 26% for incomes up to $113,804 | Enhance Canada Child Tax Benefit | Other indexation | Total relief1 | Total relief as a % of federal tax3 |
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| $ | $ | $ | % | $ | $ | $ | $ | $ | $ | $ | $ | $ | % |
| 10,000 | -2,168 | -523 | – | 0 | 0 | 0 | 0 | 0 | 0 | -567 | -66 | -633 | – |
| 15,000 | -2,023 | -668 | – | 0 | 0 | 0 | 0 | 0 | 0 | -567 | -66 | -633 | – |
| 20,000 | -1,402 | -703 | – | -22 | -258 | 0 | 0 | 0 | 0 | -545 | -66 | -892 | – |
| 25,000 | -684 | -722 | – | -62 | -258 | 0 | 0 | 0 | 0 | -554 | -66 | -941 | – |
| 30,000 | 628 | -689 | – | -109 | -258 | 0 | 0 | 0 | 0 | -780 | -70 | -1,217 | – |
| 35,000 | 1,949 | -411 | -21.1 | -141 | -258 | -141 | 0 | 0 | 0 | -650 | -237 | -1,428 | -92.9 |
| 40,000 | 3,606 | -449 | -12.4 | -138 | -258 | -541 | -40 | 0 | 0 | -307 | -236 | -1,521 | -48.2 |
| 50,000 | 6,534 | -527 | -8.1 | -138 | -258 | -541 | -440 | 0 | 0 | -357 | 0 | -1,735 | -28.9 |
| 60,000 | 9,462 | -605 | -6.4 | -138 | -258 | -541 | -840 | 0 | 0 | -407 | 0 | -2,185 | -24.7 |
| 75,000 | 14,172 | -652 | -4.6 | -145 | -271 | -894 | -1,400 | 0 | -30 | -467 | 0 | -3,208 | -23.7 |
| 100,000 | 22,002 | -870 | -4.0 | -145 | -271 | -909 | -1,470 | -278 | -780 | 0 | 0 | -3,853 | -18.2 |
| 125,000 | 29,832 | -1,087 | -3.6 | -145 | -271 | -909 | -1,470 | -640 | -1,314 | 0 | 0 | -4,750 | -16.5 |
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1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit). 2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated. 3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets. |
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Changes to the Components of the Canada Child Tax Benefit
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|---|---|---|---|---|
| Maximum benefit | ||||
| As of July 1996 | As of July 20012 per Budget 2000 |
As of July 20012 per Statement |
As of July 20045 | |
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| (dollars, unless otherwise indicated) | ||||
| Base benefit | ||||
| Basic amount | 1,020 | 1,117 | 1,117 | 1,187 |
| Additional benefit for third child | 75 | 78 | 78 | 83 |
| Additional benefit for children under 7 years | 213 | 221 | 221 | 235 |
| Phase-out rates | 2.5% / 5% | 2.5% / 5% | 2.5% / 5% | 2% / 4% |
| NCB supplement | ||||
| First child | 5001 | 1,1553 | 1,2554 | 1,333 |
| Second child | 9553 | 1,0554 | 1,121 | |
| Third child | 8803 | 9804 | 1,041 | |
| Total benefit | ||||
| First child | 1,520 | 2,272 | 2,372 | 2,520 |
| Second child | 1,020 | 2,072 | 2,172 | 2,308 |
| Third child | 1,095 | 2,075 | 2,175 | 2,311 |
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1 In 1996, there was no NCB supplement but there was a Working Income Supplement (WIS) of up to $500 available to low-income families. Prior to 1997, the WIS was provided on a family basis and not on a per-child basis. 2 For 2001, an indexation factor of 2.5 per cent is assumed. Indexation is calculated based on the benefits excluding the extra amount to compensate for the value of indexation for January to June 2000. 3 Increase of $200 per child, including indexation, from the scheduled July 2000 levels in the 1999 budget. 4 Increase of $100 per child, including indexation, from the scheduled July 2001 levels in the 2000 budget. 5 An average annual indexation factor of 2.1 per cent is assumed over five years. |
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Changes to the Income Thresholds of the Canada Child Tax Benefit
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|---|---|---|---|---|
| As of July 19961 | As of July 20012 per Budget 2000 |
As of July 20012 per Statement |
As of July 2004 | |
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(dollars) |
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| Base benefit | 25,921 | 30,754 | 32,000 | 35,000 |
| NCB supplement | ||||
| Start phase-out | 20,921 | 21,744 | 21,744 | 23,0983 |
| End phase-out | 25,921 | 30,754 | 32,000 | 35,000 |
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1 In 1996, there was no NCB supplement but there was a Working Income Supplement of up to $500 per family available to low-income families. 2 For 2001, an indexation factor of 2.5 per cent is assumed. 3 An average indexation factor rate of 2.1 per cent is assumed. |
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| Last Updated: 2001-10-10 |
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