@FinanceCanada has done analysis of the $6 bil tax cut. Some of it is accurate, some is very misleading. I wanted to go through their family type analysis. Is a big difference between “hypothetically could” and “will in the real world”… 1/5 fin.gc.ca/n19/data/19-10… @ccpa #cdnpoli
@FinanceCanada @ccpa "A Single Individual Would Save Close to $300 by 2023" - $300 is the max, not avg. Only Half of singles (non-senior) get $300 max and 1/3 of senior singles get $300 max. Half of single seniors get no benefit at all, already have enough deductions 2/5 @ccpa #cdnpoli 
@FinanceCanada @ccpa “A Two-Earner Couple Would Save Close to $600 by 2023” – about 60% of 2 earner fam would get full amount. Very few 2 earner fam would get nothing. This tax change is of most benefit to this fam type, generally in top income deciles 3/5 @ccpa #cdnpoli
@FinanceCanada @ccpa “A Single Parent Would Save Close to $600” It shouldn’t say “would” but rather “might in rare circumstances”. It happens, but for only a third of single parents. Also 1/3 of single parent fam get nothing as already have enough deductions & more don’t help 4/5@ccpa #cdnpoli
@FinanceCanada @ccpa “A One-Earner Couple With One Child Would Save Close to $600 by 2023” – Under half get the full $600, so more like “might” than “would”. A third of one earner fam with kids get nothing. They’ve got the deductions already, so a pile more doesn’t help 5/5 @ccpa #cdnpoli
@FinanceCanada @ccpa “A Two-Earner Couple Would Save Close to $600 by 2023” – about 60% of 2 earner fam would get full amount. Very few 2 earner fam would get nothing. This tax change is of most benefit to this fam type, generally in top income deciles 3/5 @ccpa #cdnpoli
