No Income Splitting Any Time Soon.
Via CTV: Tories back away from income splitting: report
I can think of one fellow blogger who won’t be overly happy with this one. My friend Spinks has been a big advocate of income splitting in the past.
Quote From the CTV Story:
Don Drummond, chief economist for Toronto-Dominion Bank said he expects the Tories will try to deliver on broader income splitting in future budgets.
"It's not a matter of principle. It's a matter of cost," he said. "Its day will come, but it will have to come at a time when they have a larger amount of fiscal resources," he told The Globe.
In other words don’t hold your breath…..lol
Going to be difficult to keep cutting taxes, yet eventually have “more fiscal resources” IMO.
Of course, I guess it would be possible, if say, they were to make more cuts to social programs for instance..... Naw, they wouldn’t do that if they win a majority next time around......would they??
I can think of one fellow blogger who won’t be overly happy with this one. My friend Spinks has been a big advocate of income splitting in the past.
Quote From the CTV Story:
Don Drummond, chief economist for Toronto-Dominion Bank said he expects the Tories will try to deliver on broader income splitting in future budgets.
"It's not a matter of principle. It's a matter of cost," he said. "Its day will come, but it will have to come at a time when they have a larger amount of fiscal resources," he told The Globe.
In other words don’t hold your breath…..lol
Going to be difficult to keep cutting taxes, yet eventually have “more fiscal resources” IMO.
Of course, I guess it would be possible, if say, they were to make more cuts to social programs for instance..... Naw, they wouldn’t do that if they win a majority next time around......would they??
