1
2015 New Year’s Tax Changes
About the Canadian Taxpayers Federation
The Canadian Taxpayers Federation (CTF) is a federally incorporated, not-for-profit citizen’s group dedicated to lower taxes, less waste and
accountable government. The CTF was founded in Saskatchewan in 1990 when the Association of Saskatchewan Taxpayers and the Resolution
One Association of Alberta joined forces to create a national taxpayers organization. Today, the CTF has 84,000 supporters nation-wide
The CTF maintains a federal office in Ottawa and regional offices in British Columbia, Alberta, Prairie (SK and MB), Ontario and Atlantic. Regional
offices conduct research and advocacy activities specific to their provinces in addition to acting as regional organizers of Canada-wide initiatives.
CTF offices field hundreds of media interviews each month, hold press conferences and issue regular news releases, commentaries, online
postings and publications to advocate on behalf of CTF supporters. CTF representatives speak at functions, make presentations to government,
meet with politicians, and organize petition drives, events and campaigns to mobilize citizens to affect public policy change. Each week CTF
offices send out Let’s Talk Taxes commentaries to more than 800 media outlets and personalities across Canada.
Any Canadian taxpayer committed to the CTF’s mission is welcome to join at no cost and receive issue and Action Updates. Financial
supporters can additionally receive the CTF’s flagship publication, The Taxpayer magazine published four times a year.
The CTF is independent of any institutional or partisan affiliations. All CTF staff, board and representatives are prohibited from holding a
membership in any political party. In 2013 the CTF raised $3.9 million on the strength of 22,971 donations. Donations to the CTF are not
deductible as a charitable contribution.
Canadian Taxpayers Federation
803-116 Albert Street
Ottawa, ON K1P5G3
Ph: (613) 234-6554
Website: www.taxpayer.com
Jeff Bowes
Research Director
December 2014
2
2015 New Year’s Tax Changes
Table of Contents
About the Canadian Taxpayers Federation…………………………………………………………………………………………………..………..1
Summary………………………….……………………………………………………………………………………………………………………………………3
Maximum Annual EI & CPP Payroll Taxes Per Employee: 1995-2015………………………………………………………………………4
Example Tax Cases Explained…………………..………………………………………………………………………………………………………….…9
Accounting for Inflation…………………..…………………………………………………………………………………………………………………..10
2015 Tax Rates…………………………………………………………………………………………………………………………………………………….11
2014 to 2015 Tax Rate Changes……………………………………………………………………………………………………………………..….…13
2014 to 2015 Tax Changes in Dollars……………………………………………..…………………………………………………………………….15
Tax Savings from the Family Tax Cut and UCCB Changes……………………………………………………………..………………………17
Provincial Calculations for Various Cases……………………………………………………………..………………………………………………19
The Lower Mainland TransLink Sales Tax……………………………………..………………………………………………………………………32
Jeff Bowes
Research Director
December 2014
3
2015 New Year’s Tax Changes
Summary
• The biggest tax changes for 2015 are from the changes to the Universal Child Care Benefit (UCCB). They lower the
taxes for all families with children under eighteen.
• There are also big tax savings for families from the Family Tax Cut that will be implemented retroactively for the
2014 tax year.
• Tax changes at the provincial level are mostly the result of bracket creep:
o Manitoba, Nova Scotia and PEI do not index their tax brackets at all. Ontario doesn’t index its tax brackets
above $150,000. New Brunswick and Saskatchewan use the national inflation rate for indexation purposes,
which in some years will result in bracket creep.
• There is very little change to the Canadian Pension Plan and Employment Insurance payroll taxes. The rates for both
stay the same, but the income thresholds are increasing.
• Employees and employers pay equal CPP taxes, but EI has a higher tax rate for employers. The employer’s share of
EI and CPP taxes has been relatively constant at a little less than 53% since 2006.
• A proposed Lower Mainland (Vancouver) TransLink sales tax would be the biggest tax increase anywhere in the
country.
Jeff Bowes
Research Director
December 2014
4
2015 New Year’s Tax Changes
The CPP rate hasn’t changed since 2003 and the EI rate has been frozen since 2012. However the maximum pensionable and insurable earnings
are indexed to inflation. Salary earned above those maximums are not taxed. For CPP the maximum pensionable salary was $52,500 in 2014 and
will increase to $53,600 in 2015. For EI the maximum insurable earnings for 2014 was $48,600 and will increase to $49,500 for 2015.
Jeff Bowes
Research Director
December 2014
5
2015 New Year’s Tax Changes
Since 2006 the employer’s share of EI and CPP taxes has been relatively constant at a little less than 53%. Employees and employers pay equal
CPP taxes, but EI has a higher tax rate for employers.
Jeff Bowes
Research Director
December 2014
6
2015 New Year’s Tax Changes
Maximum Individual CPP and EI Taxes
Year
Employee Employee Employer Employer
Tax
Share
Tax
Share
Total
Tax
Total Tax in
Change % Change
2014 Dollars
1995
$2,119
44.6%
$2,628
55.4%
$4,747
$6,807
$50.19
1.7%
1996
$2,044
44.9%
$2,504
55.1%
$4,548
$6,383
-$170.34
-5.6%
1997
$2,076
44.9%
$2,552
55.1%
$4,628
$6,446
$22.46
0.8%
1998
$2,122
45.5%
$2,543
54.5%
$4,665
$6,433
$34.97
1.2%
1999
$2,181
45.8%
$2,579
54.2%
$4,760
$6,396
$4.60
0.2%
2000
$2,266
46.2%
$2,640
53.8%
$4,906
$6,388
$19.62
0.7%
2001
$2,374
46.6%
$2,725
53.4%
$5,099
$6,591
$118.40
4.0%
2002
$2,531
46.8%
$2,874
53.2%
$5,406
$6,732
$83.59
2.7%
2003
$2,621
47.1%
$2,948
52.9%
$5,569
$6,794
$45.17
1.4%
2004
$2,604
47.2%
$2,913
52.8%
$5,516
$6,589
-$87.16
-2.7%
2005
$2,622
47.3%
$2,926
52.7%
$5,548
$6,491
-$42.53
-1.4%
2006
$2,640
47.4%
$2,932
52.6%
$5,572
$6,412
-$29.41
-1.0%
2007
$2,710
47.5%
$2,998
52.5%
$5,708
$6,416
$8.05
0.3%
2008
$2,760
47.6%
$3,045
52.4%
$5,805
$6,451
$21.09
0.7%
2009
$2,850
47.6%
$3,143
52.4%
$5,993
$6,573
$58.69
1.9%
2010
$2,911
47.6%
$3,209
52.4%
$6,120
$6,557
-$7.41
-0.2%
2011
$3,004
47.5%
$3,319
52.5%
$6,323
$6,623
$28.25
0.9%
2012
$3,147
47.5%
$3,483
52.5%
$6,629
$6,886
$121.86
3.9%
2013
$3,247
47.4%
$3,604
52.6%
$6,851
$7,030
$63.32
1.9%
2014
$3,339
47.4%
$3,705
52.6%
$7,044
$7,044
$7.17
0.2%
2015
$3,411
47.4%
$3,783
52.6%
$7,193
$7,067
$11.23
0.3%
Jeff Bowes
Research Director
December 2014
7
2015 New Year’s Tax Changes
Employer Maximum Annual EI and CPP Taxes
Jeff Bowes
Research Director
Year
EI
CPP
EI and
CPP
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
$1,780
$1,611
$1,583
$1,474
$1,392
$1,310
$1,229
$1,201
$1,147
$1,081
$1,065
$1,021
$1,008
$995
$1,025
$1,046
$1,101
$1,176
$1,248
$1,279
$1,303
$848
$893
$969
$1,069
$1,187
$1,330
$1,496
$1,673
$1,802
$1,832
$1,861
$1,911
$1,990
$2,049
$2,119
$2,163
$2,218
$2,307
$2,356
$2,426
$2,480
$2,628
$2,504
$2,552
$2,543
$2,579
$2,640
$2,725
$2,874
$2,948
$2,913
$2,926
$2,932
$2,998
$3,045
$3,143
$3,209
$3,319
$3,483
$3,604
$3,705
$3,783
Increase
$81.09
-$123.86
$48.50
-$9.40
$35.80
$61.50
$84.60
$149.50
$74.00
-$35.82
$13.32
$5.82
$66.18
$46.84
$98.36
$66.35
$109.61
$163.59
$121.11
$100.88
$78.14
EI and CPP
Adjusted Adjusted
Change in 2014
Increase Change
Dollars
0.3%
0.6%
1.9%
-0.4%
1.4%
2.4%
3.2%
5.5%
2.6%
-1.2%
0.5%
0.2%
2.2%
1.6%
3.2%
2.1%
3.4%
4.9%
3.5%
2.8%
2.11%
$3,768
$3,514
$3,555
$3,507
$3,465
$3,438
$3,522
$3,579
$3,597
$3,479
$3,424
$3,374
$3,370
$3,383
$3,447
$3,439
$3,476
$3,618
$3,698
$3,705
$3,716
$52.81
-$253.66
$40.33
-$48.00
-$41.72
-$27.43
$84.65
$57.27
$17.44
-$117.87
-$55.55
-$49.63
-$3.93
$13.38
$63.67
-$8.12
$37.56
$141.25
$80.04
$6.90
$11.44
1.4%
-6.7%
1.1%
-1.4%
-1.2%
-0.8%
2.5%
1.6%
0.5%
-3.3%
-1.6%
-1.4%
-0.1%
0.4%
1.9%
-0.2%
1.1%
4.1%
2.2%
0.2%
0.3%
December 2014
8
2015 New Year’s Tax Changes
Employee Maximum Annual EI and CPP Taxes
Year
EI
CPP
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
$1,271
$1,151
$1,131
$1,053
$995
$936
$878
$858
$819
$772
$761
$729
$720
$711
$732
$747
$787
$840
$891
$914
$931
$848
$893
$945
$1,069
$1,187
$1,330
$1,496
$1,673
$1,802
$1,832
$1,861
$1,911
$1,990
$2,049
$2,119
$2,163
$2,218
$2,307
$2,356
$2,426
$2,480
Jeff Bowes
Research Director
EI and CPP Increase Change
$2,119
$2,044
$2,076
$2,122
$2,181
$2,266
$2,374
$2,531
$2,621
$2,604
$2,622
$2,640
$2,710
$2,760
$2,850
$2,911
$3,004
$3,147
$3,247
$3,339
$3,411
$70.61
-$75.50
$32.08
$46.03
$59.20
$84.90
$108.00
$157.30
$89.60
-$17.10
$18.00
$18.30
$69.90
$50.43
$90.06
$60.12
$93.85
$142.31
$100.65
$91.86
$71.37
3.4%
-3.6%
1.6%
2.2%
2.8%
3.9%
4.8%
6.6%
3.5%
-0.7%
0.7%
0.7%
2.6%
1.9%
3.3%
2.1%
3.2%
4.7%
3.2%
2.8%
2.1%
EI and CPP
Adjusted Adjusted
in 2014
Increase Change
Dollars
$3,039
$2,868
$2,891
$2,926
$2,931
$2,950
$3,069
$3,152
$3,197
$3,110
$3,068
$3,038
$3,046
$3,067
$3,126
$3,119
$3,147
$3,269
$3,332
$3,339
$3,350
$50.19
-$170.34
$22.46
$34.97
$4.60
$19.62
$118.40
$83.59
$45.17
-$87.16
-$42.53
-$29.41
$8.05
$21.09
$58.69
-$7.41
$28.25
$121.86
$63.32
$7.17
$11.23
1.7%
-5.6%
0.8%
1.2%
0.2%
0.7%
4.0%
2.7%
1.4%
-2.7%
-1.4%
-1.0%
0.3%
0.7%
1.9%
-0.2%
0.9%
3.9%
1.9%
0.2%
0.3%
December 2014
9
2015 New Year’s Tax Changes
Example Tax Cases
Canadians are taxed at different rates depending on their income, what province they live in and other factors. To get a glimpse into these
differences and how taxes change depending on your situation, we have calculated the change in taxes for 26 sample households in each
province.
These households include single people, couples with two children and couples with no children. They also cover a wide range of incomes from
$15,000 to $200,000. They also include different splits in spousal incomes with single income households, household where the spouses make
an equal income and families where one family member makes 75% of the household income.
The calculations include the average tax which is the per cent of income taken as income and payroll taxes. This is different than the marginal tax
rate used in Canadian tax brackets. The marginal rate is how much each additional dollar will be taxed, the average rate is how much of your
entire income is taxed.
All families with children under 18 will be able to collect UCCB. However the benefit for children between six and 17 is new in 2015. So for all
these example cases the children are assumed to be between six and 17. For these examples the tax rates account for the after tax value of
UCCB payments. Because the Canadian government provides monthly UCCB payments to Canadian families with children the benefit is taxed as
income by the federal and provincial governments. This means that if you receive UCCB you will pay more in taxes, but you will end up with
more money in your pocket. Therefore we count that extra money in your pocket as a tax cut.
The Canadian tax rates are the population weighted average for all provinces and territories.
Jeff Bowes
Research Director
December 2014
10
2015 New Year’s Tax Changes
Accounting for Inflation
Another important factor to consider is inflation. Most provinces index their tax brackets. This means
that if your salary increases with inflation you won’t be bumped into another tax bracket. Provinces
that don’t do this have sneaky tax increases known as “bracket creep.” Provinces that index to the
national rate of inflation may also have bracket creep depending on the difference between the federal
and provincial inflation rates.
Indexing is done using the change in prices from September 2013 to September 2014. All calculations
for 2015 use an inflated salary indexed at the inflation factor for the province. For example for the
Ontario $60,000 cases a salary of $61,200 salary was used for 2015. This method helps show the impact
of bracket creep. Also, by comparing the inflation adjusted 2014 taxes to 2015 taxes, the real increases
in taxation can be seen and the effects of inflation eliminated.
Alberta
Saskatchewan
Newfoundland
PEI
Manitoba
Ontario
Canada
Nova Scotia
New Brunswick
Quebec
BC
Inflation
Brackets
Increased By
2.4%
2.3%
2.2%
2.2%
2.1%
2.0%
1.7%
1.7%
1.6%
1.1%
0.7%
2.4%
1.7%
2.2%
0.0%
0.0%
2.0%
1.7%
0.0%
1.7%
1.1%
0.7%
2015 Tax Brackets
Basic Personal Exemption Used
Tax Brackets Used
Tax Brackets Used
Tax Brackets Used
Tax Brackets Used
Tax Brackets Used
Indexed Basic Personal Exemption
Indexed Tax Brackets
Indexed Tax Brackets
Indexed Tax Brackets
Indexed Tax Brackets
Indexed Tax Brackets
AB
$18,214
Flat Tax
Flat Tax
Flat Tax
Flat Tax
Flat Tax
Same
Flat Tax
Flat Tax
Flat Tax
Flat Tax
Flat Tax
BC
$9,938
$37,869
$75,740
$86,958
$105,592
$151,050
Same
Same
Same
Same
Same
Same
NL
$8,767
$35,008
$70,015
$112,556
$162,556
$212,556
Same
Same
Same
Same
Same
Same
QC
$11,425
$41,935
$83,865
$102,040
$152,040
$202,040
Same
Same
Same
Same
Same
Same
ON
$9,670
$40,922
$81,847
$150,000
$220,000
$270,000
Same
Same
Same
$153,000
$224,400
$275,400
NB
$9,633
$39,973
$79,946
$129,975
$168,427
$218,427
$9,624
$39,934
$79,867
$129,847
$171,122
$221,922
SK
$15,378
$44,028
$125,795
$165,297
$215,297
$265,297
$15,732
$44,288
$126,537
$169,099
$220,249
$271,399
MB
$9,134
$31,000
$67,000
$117,000
$167,000
$217,000
$9,326
$31,651
$68,407
$119,457
$170,507
$221,557
NS
$8,481
$29,590
$59,180
$93,000
$150,000
$193,000
$8,625
$30,093
$60,186
$94,581
$152,550
$196,281
PE
$7,708
$31,984
$63,969
$113,969
$163,969
$213,969
$7,878
$32,688
$65,376
$116,476
$167,576
$218,676
Indexed Using Provincial Inflation Rate
Indexed Using National Inflation Rate
Not Indexed for Inflation
Jeff Bowes
Research Director
December 2014
11
2015 New Year’s Tax Changes
2015 Average Tax Rates
Jeff Bowes
Research Director
December 2014
12
2015 New Year’s Tax Changes
2015 Tax Rates
Cases
Single - $15,000
Single - $30,000
Single - $60,000
Single - $80,000
Single - $100,000
Single - $150,000
Single - $200,000
Single Income Family, Two Kids - $30,000
Single Income Family, Two Kids - $60,000
Single Income Family, Two Kids - $80,000
Single Income Family, Two Kids - $100,000
Single Income Family, Two Kids - $150,000
Single Income Family, Two Kids - $200,000
Equal Incomes Family, Two Kids - $60,000
Equal Incomes Family, Two Kids - $80,000
Equal Incomes Family, Two Kids - $100,000
Equal Incomes Family, Two Kids - $150,000
Equal Incomes Family, Two Kids - $200,000
High and Low Income, Two Kids - $30,000
High and Low Income, Two Kids - $60,000
High and Low Income, Two Kids - $80,000
High and Low Income, Two Kids - $100,000
High and Low Income, Two Kids - $150,000
High and Low Income, Two Kids - $200,000
Equal Income Couple - $80,000
High and Low Income Couple - $80,000
AB
3.7%
17.7%
25.1%
26.8%
28.3%
31.2%
33.1%
4.7%
15.7%
18.7%
21.9%
26.9%
29.9%
15.9%
19.5%
22.5%
25.8%
27.9%
3.7%
16.1%
18.9%
21.4%
25.3%
27.9%
20.8%
21.7%
BC
MB
NB
1.6%
7.7%
4.6%
20.0% 21.1% 19.6%
24.9% 28.1% 27.9%
26.3% 30.6% 30.2%
28.2% 32.9% 32.3%
32.5% 36.7% 36.2%
35.8% 39.1% 38.9%
6.1%
6.0%
5.5%
19.0% 19.4% 20.1%
20.7% 23.3% 23.2%
23.8% 27.2% 26.8%
29.6% 32.9% 32.5%
33.6% 36.3% 36.1%
18.1% 18.6% 18.4%
20.2% 22.3% 21.4%
22.7% 25.4% 25.1%
25.2% 29.4% 29.1%
27.8% 32.5% 31.9%
4.3%
4.9%
4.6%
18.0% 19.1% 18.9%
19.8% 22.1% 22.1%
21.6% 25.0% 24.6%
25.8% 29.8% 29.0%
28.9% 32.8% 32.2%
21.4% 24.0% 22.7%
22.4% 25.1% 24.8%
NL
NS
4.7%
6.1%
19.2% 20.2%
26.8% 28.9%
28.8% 31.3%
30.6% 33.3%
33.8% 37.1%
35.9% 40.3%
4.7%
7.8%
19.3% 21.1%
22.2% 24.4%
25.3% 27.8%
30.3% 33.4%
33.3% 37.5%
17.4% 18.3%
20.8% 22.5%
24.2% 26.0%
27.8% 30.2%
30.2% 32.9%
3.6%
6.7%
18.3% 19.6%
21.0% 22.6%
23.4% 25.2%
27.5% 30.0%
30.2% 33.1%
22.1% 23.9%
23.8% 25.5%
NT
2.5%
15.3%
22.2%
24.3%
26.7%
31.1%
34.1%
2.7%
14.3%
17.3%
21.1%
27.4%
31.3%
13.4%
16.3%
19.5%
23.2%
26.3%
1.8%
13.6%
16.4%
18.8%
23.7%
27.0%
17.7%
19.3%
ON
4.7%
18.3%
24.9%
26.8%
29.6%
34.5%
38.0%
5.6%
17.6%
20.2%
24.2%
30.9%
35.2%
14.7%
18.4%
22.4%
25.7%
29.2%
4.2%
15.8%
19.3%
21.6%
26.7%
30.3%
20.5%
22.0%
PE
7.5%
20.9%
28.5%
31.0%
33.0%
37.1%
39.7%
9.2%
20.9%
24.3%
27.6%
33.5%
37.0%
19.0%
22.6%
25.8%
29.8%
32.6%
7.7%
19.9%
22.6%
25.2%
29.9%
33.1%
24.1%
25.5%
SK
4.8%
18.9%
26.7%
28.8%
30.5%
34.0%
36.5%
4.7%
15.1%
19.1%
22.8%
28.8%
32.6%
15.1%
19.1%
22.7%
26.9%
29.5%
3.7%
15.1%
18.9%
21.9%
26.5%
29.7%
22.0%
23.3%
YT
QC
Canada
4.7%
-0.3%
3.1%
17.9% 22.6% 19.4%
24.5% 31.3% 26.4%
26.3% 33.1% 28.3%
28.1% 35.2% 30.5%
31.8% 40.0% 34.8%
34.5% 42.5% 37.7%
6.0%
-0.4%
4.1%
16.7% 23.0% 18.7%
19.4% 26.0% 21.4%
22.6% 29.5% 25.0%
28.1% 36.1% 31.2%
31.7% 39.6% 35.0%
16.1% 21.8% 17.1%
18.9% 25.1% 20.4%
21.8% 28.6% 23.9%
25.3% 32.2% 27.2%
27.7% 34.8% 30.1%
4.9%
-1.8%
2.8%
16.1% 22.0% 17.6%
18.9% 25.4% 20.7%
21.1% 27.8% 23.1%
25.2% 32.4% 27.7%
28.1% 36.1% 31.0%
20.3% 26.4% 22.1%
21.6% 27.8% 23.4%
The rates in this chart the average tax rate which is the per cent of income taken as income and payroll taxes. This is different than the marginal
tax rate used in Canadian tax brackets. The marginal rate is how much each additional dollar will be taxed, the average rate is how much of your
entire income is taxed
Jeff Bowes
Research Director
December 2014
13
2015 New Year’s Tax Changes
2014 to 2015 Average Tax Rate Changes
Jeff Bowes
Research Director
December 2014
14
2015 New Year’s Tax Changes
2014 to 2015 Tax Rate Changes
Cases
Single - $15,000
Single - $30,000
Single - $60,000
Single - $80,000
Single - $100,000
Single - $150,000
Single - $200,000
Single Income Family, Two Kids - $30,000
Single Income Family, Two Kids - $60,000
Single Income Family, Two Kids - $80,000
Single Income Family, Two Kids - $100,000
Single Income Family, Two Kids - $150,000
Single Income Family, Two Kids - $200,000
Equal Incomes Family, Two Kids - $60,000
Equal Incomes Family, Two Kids - $80,000
Equal Incomes Family, Two Kids - $100,000
Equal Incomes Family, Two Kids - $150,000
Equal Incomes Family, Two Kids - $200,000
High and Low Income, Two Kids - $30,000
High and Low Income, Two Kids - $60,000
High and Low Income, Two Kids - $80,000
High and Low Income, Two Kids - $100,000
High and Low Income, Two Kids - $150,000
High and Low Income, Two Kids - $200,000
Equal Income Couple - $80,000
High and Low Income Couple - $80,000
AB
0.23%
0.05%
0.04%
0.03%
0.05%
0.05%
0.04%
-1.64%
-0.60%
-0.37%
-0.27%
-0.16%
-0.12%
-0.58%
-0.43%
-0.21%
-0.15%
-0.06%
-2.36%
-0.58%
-0.45%
-0.22%
-0.14%
-0.06%
0.04%
0.05%
BC
-0.32%
0.75%
0.03%
0.02%
-0.02%
-0.04%
-0.03%
-1.81%
-0.75%
-0.59%
-0.50%
-0.36%
-0.27%
-0.69%
-0.51%
-0.35%
-0.18%
-0.12%
-2.40%
-0.87%
-0.46%
-0.33%
-0.22%
-0.17%
0.02%
0.03%
MB
NB
NL
NS
ON
PE
SK
QC
Canada
0.33% -0.01% 0.17% 0.21% 0.10% 0.42% 0.20% 0.04% 0.06%
0.10% -0.00% 0.04% 0.15% 0.01% 0.09% 0.08% 0.04% 0.13%
0.09% 0.01% 0.04% 0.12% 0.01% 0.11% 0.07% 0.07% 0.04%
0.15% 0.00% 0.03% 0.09% 0.00% 0.13% 0.05% 0.05% 0.03%
0.13% -0.00% 0.04% 0.08% 0.01% 0.16% 0.06% 0.03% 0.02%
0.10% -0.00% 0.04% 0.11% 0.05% 0.12% 0.07% 0.01% 0.03%
0.07% -0.00% 0.03% 0.09% 0.11% 0.09% 0.05% -0.00% 0.05%
-0.94% -1.58% -1.67% -1.30% -1.72% -1.20% -1.65% -1.48% -1.60%
-0.47% -0.77% -0.75% -0.65% -0.82% -0.62% -0.78% -0.68% -0.72%
-0.20% -0.55% -0.49% -0.45% -0.55% -0.34% -0.51% -0.50% -0.50%
-0.15% -0.44% -0.38% -0.35% -0.42% -0.26% -0.39% -0.42% -0.39%
-0.10% -0.30% -0.24% -0.17% -0.24% -0.13% -0.23% -0.29% -0.25%
-0.08% -0.22% -0.18% -0.13% -0.11% -0.10% -0.17% -0.22% -0.16%
-0.43% -0.65% -0.65% -0.58% -0.86% -0.77% -0.52% -0.72% -0.73%
-0.28% -0.41% -0.40% -0.44% -0.34% -0.44% -0.39% -0.52% -0.42%
-0.11% -0.23% -0.20% -0.25% -0.29% -0.23% -0.14% -0.28% -0.27%
0.06% -0.14% -0.13% -0.12% -0.17% -0.08% -0.10% -0.15% -0.15%
0.07% -0.07% -0.05% -0.04% -0.05% 0.03% -0.03% -0.08% -0.06%
-1.66% -2.06% -2.39% -1.88% -2.34% -2.22% -2.37% -2.11% -2.23%
-0.44% -0.66% -0.65% -0.78% -0.62% -0.73% -0.46% -0.72% -0.66%
-0.33% -0.48% -0.49% -0.55% -0.42% -0.55% -0.39% -0.49% -0.44%
-0.10% -0.29% -0.26% -0.34% -0.34% -0.27% -0.18% -0.34% -0.30%
-0.05% -0.19% -0.13% -0.14% -0.19% -0.10% -0.12% -0.22% -0.18%
0.00% -0.09% -0.06% -0.03% -0.08% -0.03% -0.02% -0.12% -0.09%
0.11% -0.01% 0.03% 0.11% -0.00% 0.14% 0.06% 0.05% 0.03%
0.11% 0.01% 0.04% 0.11% 0.05% 0.12% 0.08% 0.06% 0.05%
This chart shows the change in the average tax rate. If a case paid an average tax rate of 25% in taxes in 2014 and will pay 26% in 2015 the chart
would show display 1%.
Jeff Bowes
Research Director
December 2014
15
2015 New Year’s Tax Changes
2014 to 2015 Tax Difference
Jeff Bowes
Research Director
December 2014
16
2015 New Year’s Tax Changes
2015 Tax Difference
Cases
Single - $15,000
Single - $30,000
Single - $60,000
Single - $80,000
Single - $100,000
Single - $150,000
Single - $200,000
Single Income Family, Two Kids - $30,000
Single Income Family, Two Kids - $60,000
Single Income Family, Two Kids - $80,000
Single Income Family, Two Kids - $100,000
Single Income Family, Two Kids - $150,000
Single Income Family, Two Kids - $200,000
Equal Incomes Family, Two Kids - $60,000
Equal Incomes Family, Two Kids - $80,000
Equal Incomes Family, Two Kids - $100,000
Equal Incomes Family, Two Kids - $150,000
Equal Incomes Family, Two Kids - $200,000
High and Low Income, Two Kids - $30,000
High and Low Income, Two Kids - $60,000
High and Low Income, Two Kids - $80,000
High and Low Income, Two Kids - $100,000
High and Low Income, Two Kids - $150,000
High and Low Income, Two Kids - $200,000
Equal Income Couple - $80,000
High and Low Income Couple - $80,000
AB
$36
$16
$28
$28
$52
$81
$81
-$503
-$369
-$300
-$275
-$246
-$247
-$355
-$355
-$219
-$231
-$125
-$723
-$355
-$365
-$221
-$221
-$119
$32
$44
BC
-$48
$228
$16
$16
-$19
-$59
-$59
-$547
-$455
-$473
-$507
-$547
-$548
-$419
-$413
-$357
-$265
-$245
-$726
-$523
-$367
-$328
-$339
-$340
$14
$21
MB
$50
$31
$54
$119
$133
$150
$150
-$288
-$287
-$167
-$153
-$158
-$159
-$264
-$231
-$110
$88
$142
-$509
-$268
-$269
-$98
-$74
$10
$87
$89
NB
-$2
-$1
$5
$3
-$0
-$5
-$6
-$480
-$471
-$444
-$447
-$452
-$452
-$398
-$330
-$232
-$213
-$141
-$628
-$401
-$390
-$296
-$297
-$174
-$7
$4
NL
$26
$12
$23
$24
$41
$60
$60
-$512
-$461
-$401
-$384
-$364
-$365
-$397
-$328
-$202
-$193
-$101
-$732
-$397
-$402
-$270
-$202
-$113
$24
$35
NS
$33
$46
$72
$72
$85
$174
$174
-$397
-$399
-$365
-$352
-$263
-$263
-$355
-$355
-$253
-$178
-$82
-$573
-$475
-$449
-$349
-$215
-$68
$92
$87
ON
$15
$2
$7
$4
$14
$73
$223
-$526
-$501
-$449
-$428
-$368
-$219
-$529
-$281
-$292
-$268
-$98
-$717
-$381
-$345
-$345
-$288
-$168
-$1
$39
PE
$64
$29
$68
$108
$160
$183
$182
-$368
-$381
-$281
-$263
-$197
-$198
-$471
-$361
-$235
-$116
$55
-$680
-$447
-$451
-$280
-$158
-$68
$114
$96
SK
$31
$24
$41
$41
$62
$102
$101
-$507
-$481
-$417
-$396
-$356
-$357
-$317
-$317
-$147
-$155
-$55
-$728
-$281
-$319
-$182
-$181
-$36
$49
$65
QC
$6
$11
$42
$43
$27
$9
-$2
-$450
-$410
-$406
-$422
-$440
-$451
-$435
-$420
-$284
-$231
-$158
-$639
-$434
-$395
-$339
-$328
-$241
$38
$47
Canada
$9
$38
$23
$24
$24
$45
$99
-$489
-$441
-$405
-$401
-$381
-$326
-$442
-$338
-$272
-$231
-$123
-$681
-$399
-$358
-$307
-$279
-$187
$21
$41
These differences do not include the tax savings in 2014 from the Family Tax Cut. The 2014 savings are displayed in the charts for each case on
pages 22 to 30. A chart like this one that shows the total savings from the Family Tax Cut and UCCB enhancements is on page 18.
Jeff Bowes
Research Director
December 2014
17
2015 New Year’s Tax Changes
Tax Savings from the Family Tax Cut and UCCB Changes
In October, the federal government introduced the Family Tax Cut (FTC). It is a tax credit of up to $2,000 for couples with children under 18. The
credit is based on the reduction in federal tax achieved if you transferred a portion of your income – up to $50,000 – to your spouse. This results
in a credit if your partner is in a lower tax bracket. An enhancement to the Universal Child Care Benefit (UCCB) was announced at the same time.
It increased UCCB benefits from $100 to $160 a month for each child under six. It also introduced a benefit of $60 a month for children from six
to 17.
The enhancements to the UCCB come into effect January 2015. Those changes show up in the tax changes in previous charts. However the FTC
comes into effect for the 2014 tax year and continues in 2015 and onward. So there is no tax cut from 2014 to 2015, however the FTC means big
tax savings for Canadian families in both years. The real tax savings are the difference between what you have paid in 2014 if the FTC wasn’t
introduced and what you will pay in 2015 those FTC and UCCB savings. The following chart shows just how much.
Jeff Bowes
Research Director
December 2014
18
2015 New Year’s Tax Changes
Total Tax Savings From FTC and UCCB
Cases
Single Income Family, Two Kids - $30,000
Single Income Family, Two Kids - $60,000
Single Income Family, Two Kids - $80,000
Single Income Family, Two Kids - $100,000
Single Income Family, Two Kids - $150,000
Single Income Family, Two Kids - $200,000
Equal Incomes Family, Two Kids - $60,000
Equal Incomes Family, Two Kids - $80,000
Equal Incomes Family, Two Kids - $100,000
Equal Incomes Family, Two Kids - $150,000
Equal Incomes Family, Two Kids - $200,000
High and Low Income, Two Kids - $30,000
High and Low Income, Two Kids - $60,000
High and Low Income, Two Kids - $80,000
High and Low Income, Two Kids - $100,000
High and Low Income, Two Kids - $150,000
High and Low Income, Two Kids - $200,000
Jeff Bowes
Research Director
AB
BC
MB
NB
NL
NS
ON
PE
SK
QC
$503
$1,519
$2,348
$2,323
$2,294
$2,295
$355
$355
$219
$231
$125
$723
$430
$1,515
$1,580
$1,691
$2,093
$547
$1,587
$2,487
$2,521
$2,561
$2,562
$419
$413
$357
$265
$245
$727
$597
$1,498
$1,664
$1,786
$2,281
$288
$1,434
$2,209
$2,195
$2,200
$2,201
$264
$231
$110
-$88
-$142
$510
$342
$1,416
$1,452
$1,540
$1,958
$480
$1,612
$2,476
$2,479
$2,484
$2,484
$398
$330
$232
$213
$141
$628
$476
$1,531
$1,643
$1,756
$2,133
$512
$1,609
$2,445
$2,428
$2,408
$2,409
$397
$328
$202
$193
$101
$732
$472
$1,550
$1,626
$1,669
$2,083
$397
$1,542
$2,399
$2,386
$2,297
$2,297
$355
$355
$253
$178
$82
$574
$550
$1,591
$1,698
$1,676
$2,028
$526
$1,647
$2,489
$2,468
$2,408
$2,259
$529
$281
$292
$268
$98
$717
$456
$1,490
$1,699
$1,752
$2,134
$368
$1,529
$2,325
$2,307
$2,241
$2,242
$471
$361
$235
$116
-$55
$680
$522
$1,599
$1,635
$1,625
$2,038
$507
$1,631
$2,463
$2,442
$2,402
$2,403
$317
$317
$147
$155
$55
$729
$356
$1,468
$1,539
$1,651
$2,008
$450
$1,358
$2,094
$2,110
$2,128
$2,139
$435
$420
$284
$231
$158
$640
$496
$1,344
$1,459
$1,540
$1,868
Average
$489
$1,526
$2,338
$2,334
$2,314
$2,259
$442
$338
$272
$231
$123
$682
$470
$1,443
$1,588
$1,666
$2,049
December 2014
19
2015 New Year’s Tax Changes
Provincial Calculations for Various Cases
Single - $15,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
AB
$561
$525
3.66%
3.50%
AB
$4.16
$0.00
$0.00
$31.93
$0.00
BC
$234
$287
1.55%
1.91%
BC
$1.22
$0.00
$0.00
-$51.54
$2.62
MB
$1,179
$1,132
7.70%
7.55%
MB
$3.64
$0.00
$0.00
$17.60
$29.10
NB
$695
$702
4.56%
4.68%
NB
$2.77
$0.00
$0.00
-$4.97
$0.00
NL
$727
$702
4.74%
4.68%
NL
$3.82
$0.00
$0.00
$22.11
$0.00
NS
$932
$905
6.11%
6.04%
NS
$2.94
$0.00
$0.00
-$0.45
$30.25
ON
$721
$709
4.71%
4.73%
ON
$3.47
$0.00
$0.00
$13.08
-$1.38
PE
$1,155
$1,093
7.53%
7.29%
PE
$3.82
$0.00
$0.00
$22.11
$38.24
SK
$732
$702
4.77%
4.68%
SK
$3.99
$0.00
$0.00
$26.62
$0.00
QC
-$42
-$48
-0.28%
-0.32%
QC
$10.73
$1.51
$0.00
-$8.89
$3.11
Canada
$475
$468
3.11%
3.12%
Canada
$4.90
$0.35
$0.00
$1.73
$2.18
$0.00
$0.00
$20.71
$0.00
$0.00
$12.67
$0.04
$16.61
$0.00
$0.00
$1.02
$36
-$48
$50
-$2
$26
$33
$15
$64
$31
$6
$9
AB
$5,431
$5,415
17.68%
18.05%
AB
$4.16
$0.00
$0.00
$12.33
-$0.41
BC
$6,030
$5,900
19.96%
19.67%
BC
$1.22
$0.00
$245.30
-$18.51
-$0.17
MB
$6,469
$6,457
21.12%
21.52%
MB
$3.64
$0.00
$0.00
$6.88
$20.32
NB
$5,965
$6,013
19.57%
20.04%
NB
$2.77
$0.00
$0.00
-$2.18
-$1.84
NL
$5,899
$5,898
19.24%
19.66%
NL
$3.81
$0.00
$0.00
$8.70
-$0.31
NS
$6,155
$6,151
20.17%
20.50%
NS
$2.95
$0.00
$0.00
-$0.37
$43.39
ON
$5,599
$5,618
18.30%
18.73%
ON
$3.46
$0.00
-$6.00
$5.07
-$0.15
PE
$6,422
$6,406
20.95%
21.35%
PE
$3.81
$0.00
$0.00
$8.70
$16.24
SK
$5,811
$5,792
18.93%
19.31%
SK
$3.99
-$0.00
$0.00
$10.52
$9.75
QC
$6,861
$6,849
22.62%
22.83%
QC
$22.11
$3.03
-$1.42
-$12.30
$0.04
Canada
$5,921
$5,907
19.42%
19.69%
Canada
$7.53
$0.70
$29.33
-$1.20
$1.59
$0.00
$0.00
$20.72
$0.08
$0.00
$43.87
$0.02
$16.61
$0.00
$0.00
$1.47
$16
$228
$31
-$1
$12
$46
$2
$29
$24
$11
$38
Single - $30,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
In Manitoba, PEI and Nova Scotia the tax increases at these low income levels are substantial because of bracket creep. Tax increases at this
level can also be the result of claw backs on low income benefits.
Jeff Bowes
Research Director
December 2014
20
2015 New Year’s Tax Changes
Single - $60,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
AB
$15,397
$15,369
25.06%
25.62%
AB
-$3.76
-$5.00
$0.00
$35.55
$0.86
BC
$15,032
$15,270
24.88%
25.45%
BC
$37.47
$10.52
$27.18
-$56.54
-$2.73
MB
$17,227
$17,224
28.12%
28.71%
MB
$3.51
-$2.26
$0.00
$19.30
$33.27
NB
$17,027
$17,156
27.93%
28.59%
NB
$15.64
$2.30
$0.00
-$7.78
-$5.34
NL
$16,437
$16,446
26.80%
27.41%
NL
$1.09
-$3.18
$0.00
$24.72
$0.05
NS
$17,610
$17,658
28.86%
29.43%
NS
$13.22
$1.38
$0.00
-$2.37
$59.67
ON
$15,215
$15,268
24.86%
25.45%
ON
$5.94
-$1.35
-$12.00
$13.89
$0.30
PE
$17,482
$17,448
28.51%
29.08%
PE
$1.09
-$3.18
$0.00
$24.72
$44.97
SK
$16,406
$16,381
26.73%
27.30%
SK
-$1.34
-$4.09
$0.00
$30.14
$16.03
QC
$18,993
$18,951
31.31%
31.58%
QC
$66.60
$10.54
-$1.42
-$34.44
$0.37
Canada
$16,114
$16,155
26.42%
26.93%
Canada
$22.82
$2.52
-$1.40
-$3.99
$2.61
$0.00
$0.00
$33.72
-$3.71
$0.00
$61.38
$0.06
$44.73
$0.00
$0.00
$2.24
$28
$16
$54
$5
$23
$72
$7
$68
$41
$42
$23
AB
$21,951
$21,923
26.80%
27.40%
AB
-$3.76
-$5.00
$0.00
$35.55
$0.86
BC
$21,149
$21,490
26.25%
26.86%
BC
$37.47
$10.52
$27.18
-$56.54
-$3.08
MB
$25,006
$24,960
30.61%
31.20%
MB
$3.51
-$2.26
$0.00
$19.30
$98.69
NB
$24,531
$24,721
30.18%
30.90%
NB
$15.64
$2.30
$0.00
-$7.78
-$6.82
NL
$23,582
$23,605
28.84%
29.51%
NL
$1.09
-$3.18
$0.00
$24.72
$0.94
NS
$25,475
$25,578
31.31%
31.97%
NS
$13.22
$1.38
$0.00
-$2.37
$59.67
ON
$21,860
$21,942
26.79%
27.43%
ON
$5.94
-$1.35
-$15.00
$13.89
$0.30
PE
$25,315
$25,256
30.96%
31.57%
PE
$1.09
-$3.18
$0.00
$24.72
$85.78
SK
$23,567
$23,549
28.80%
29.44%
SK
-$1.34
-$4.09
$0.00
$30.14
$16.03
QC
$26,797
$26,754
33.13%
33.44%
QC
$66.60
$11.88
-$1.42
-$34.62
$0.37
Canada
$22,974
$23,041
28.25%
28.80%
Canada
$22.82
$2.83
-$2.56
-$4.03
$5.09
$0.00
$0.00
$98.54
-$5.01
$0.00
$61.38
$0.08
$85.65
$0.00
$0.00
$4.73
$28
$16
$119
$3
$24
$72
$4
$108
$41
$43
$24
Single - $80,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
Jeff Bowes
Research Director
December 2014
21
2015 New Year’s Tax Changes
Single - $100,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
AB
$29,024
$28,972
28.34%
28.97%
AB
-$3.76
-$5.00
$0.00
$60.06
$0.86
BC
$28,392
$28,891
28.19%
28.89%
BC
$37.47
$10.52
$27.18
-$91.81
-$2.14
MB
$33,559
$33,524
32.87%
33.52%
MB
$3.51
-$2.26
$0.00
$33.26
$98.69
NB
$32,846
$33,105
32.33%
33.11%
NB
$15.64
$2.30
$0.00
-$11.40
-$6.82
NL
$31,310
$31,330
30.64%
31.33%
NL
$1.09
-$3.18
$0.00
$42.20
$0.94
NS
$33,904
$34,052
33.34%
34.05%
NS
$13.22
$1.38
$0.00
-$2.47
$72.80
ON
$30,202
$30,307
29.61%
30.31%
ON
$5.94
-$1.35
-$15.00
$24.33
-$0.40
PE
$33,772
$33,678
33.05%
33.68%
PE
$1.09
-$3.18
$0.00
$42.20
$120.08
SK
$31,244
$31,212
30.54%
31.21%
SK
-$1.34
-$4.09
$0.00
$51.13
$16.03
QC
$35,590
$35,564
35.20%
35.56%
QC
$66.60
$11.88
-$1.42
-$52.31
$1.77
Canada
$31,007
$31,106
30.50%
31.11%
Canada
$22.82
$2.83
-$2.56
-$4.46
$5.60
$0.00
$0.00
$98.54
-$5.01
$0.00
$73.34
$0.00
$94.22
$0.00
$0.00
$4.90
$52
-$19
$133
-$0
$41
$85
$14
$160
$62
$27
$24
AB
$47,907
$47,826
31.19%
31.88%
AB
-$3.76
-$5.00
$0.00
$88.99
$0.86
BC
$49,141
$50,031
32.53%
33.35%
BC
$37.47
$10.52
$27.18
-$132.39
-$1.57
MB
$56,152
$56,167
36.66%
37.44%
MB
$3.51
-$2.26
$0.00
$49.92
$98.69
NB
$55,157
$55,596
36.19%
37.06%
NB
$15.64
$2.30
$0.00
-$15.19
-$7.61
NL
$51,832
$51,873
33.81%
34.58%
NL
$1.09
-$3.18
$0.00
$62.94
-$0.63
NS
$56,532
$56,745
37.06%
37.83%
NS
$13.22
$1.38
$0.00
-$2.17
$162.05
ON
$52,820
$52,954
34.52%
35.30%
ON
$5.94
-$1.35
-$15.00
$36.90
$46.60
PE
$56,886
$56,815
37.11%
37.88%
PE
$1.09
-$3.18
$0.00
$62.94
$121.86
SK
$52,191
$52,141
34.01%
34.76%
SK
-$1.34
-$4.09
$0.00
$75.96
$31.15
QC
$60,588
$60,579
39.95%
40.39%
QC
$66.60
$11.88
-$1.42
-$72.54
$4.17
Canada
$53,135
$53,304
34.85%
35.54%
Canada
$22.82
$2.83
-$2.56
-$4.55
$26.06
$0.00
$0.00
$99.24
-$5.79
$0.00
$163.17
$46.53
$93.89
$0.00
$0.00
$24.12
$81
-$59
$150
-$5
$60
$174
$73
$183
$102
$9
$45
Single - $150,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
Jeff Bowes
Research Director
December 2014
22
2015 New Year’s Tax Changes
Single - $200,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
AB
$67,874
$67,794
33.14%
33.90%
AB
-$3.76
-$5.00
$0.00
$88.62
$0.86
BC
$72,201
$73,480
35.85%
36.74%
BC
$37.47
$10.52
$27.18
-$132.75
-$1.57
MB
$79,839
$79,924
39.10%
39.96%
MB
$3.51
-$2.26
$0.00
$49.56
$98.69
NB
$78,952
$79,579
38.85%
39.79%
NB
$15.64
$2.30
$0.00
-$15.55
-$7.96
NL
$73,448
$73,531
35.93%
36.77%
NL
$1.09
-$3.18
$0.00
$62.58
-$0.63
NS
$81,957
$82,345
40.29%
41.17%
NS
$13.22
$1.38
$0.00
-$2.53
$162.05
ON
$77,434
$77,514
37.96%
38.76%
ON
$5.94
-$1.35
$135.00
$36.53
$46.59
PE
$81,092
$81,068
39.67%
40.53%
PE
$1.09
-$3.18
$0.00
$62.58
$121.86
$0.00
$0.00
$98.94
-$6.16
$0.00
$163.17
$46.52
$81
-$59
$150
-$6
$60
$174
$223
SK
$74,697
$74,669
36.51%
37.33%
SK
-$1.34
-$4.09
$0.00
$75.60
$30.60
QC
$85,930
$85,932
42.50%
42.97%
QC
$66.60
$11.88
-$1.42
-$72.54
-$6.88
Canada
$76,725
$76,938
37.74%
38.47%
Canada
$22.82
$2.83
$55.17
-$4.83
$23.48
$93.56
$0.00
$0.00
$24.10
$182
$101
-$2
$99
The big tax changes for 2015 relate to families, so there is less change for single people. The big changes for single people are the result of
bracket creep especially at very high and very low income levels.
Single Income Family, Two Kids - $30,000
AB
$1,450
$1,953
4.72%
6.51%
AB
$4.16
$0.00
$0.00
-$507.19
BC
$1,842
$2,429
6.10%
8.10%
BC
$1.22
$0.00
$0.00
-$577.93
$932.81
$0.00
Provincial Income Tax w ithout UCCB
Provincial Bracket Creep
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
MB
$1,836
$2,131
6.00%
7.10%
MB
$3.64
$0.00
$0.00
-$519.68
NB
$1,686
$2,183
5.53%
7.28%
NB
$2.77
$0.00
$0.00
-$540.48
NL
$1,438
$1,953
4.69%
6.51%
NL
$3.81
$0.00
$0.00
-$515.51
NS
$2,384
$2,800
7.81%
9.33%
NS
$2.95
$0.00
$0.00
-$536.32
ON
$1,725
$2,260
5.64%
7.53%
ON
$3.46
$0.00
-$6.00
-$523.83
$862.07
$920.32
$899.52
$29.63
$227.69
$57.38
$924.49
$903.68
$0.00
$136.67
$0.00
-$0.17
$72.17
-$2.82
$0.00
$0.00
$0.00
$41.43
$0.26
-$503
$0
-$503
-$547
$0
-$547
-$288
$0
-$288
-$480
$0
-$480
PE
$2,817
$3,192
9.19%
10.64%
PE
$3.81
$0.00
$0.00
-$515.51
SK
$1,444
$1,953
4.70%
6.51%
SK
$3.99
$0.00
$0.00
-$511.35
QC
-$117
$332
-0.39%
1.11%
QC
$22.11
$3.02
$0.00
-$709.18
Canada
$1,264
$1,762
4.14%
5.87%
Canada
$7.53
$0.70
-$2.31
-$565.60
$916.17
$924.49
$0.00
$143.59
$928.65
$730.82
$857.56
$0.00
$234.39
$84.63
$0.00
$70.60
$66.66
$0.00
$234.39
$0.00
$57.82
$58.56
$0.00
$32.15
$0.00
$0.00
-$512
$0
-$512
-$397
$0
-$397
$2.48
-$526
$0
-$526
-$368
$0
-$368
-$507
$0
-$507
-$450
$0
-$450
-$489
$0
-$489
December 2014
23
2015 New Year’s Tax Changes
Single Income Family, Two Kids - $60,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$9,625
$9,994
15.67%
16.66%
AB
-$3.76
-$5.00
$0.00
-$505.24
BC
$11,472
$12,129
18.99%
20.22%
BC
$37.47
$10.52
$54.37
-$584.94
MB
$11,869
$12,192
19.38%
20.32%
MB
$3.51
-$2.26
$0.00
-$519.31
NB
$12,234
$12,805
20.07%
21.34%
NB
$15.64
$2.30
$0.00
-$542.74
NL
$11,854
$12,339
19.33%
20.57%
NL
$1.09
-$3.18
$0.00
-$514.62
NS
$12,851
$13,341
21.06%
22.24%
NS
$13.22
$1.38
$0.00
-$538.06
ON
$10,745
$11,289
17.56%
18.82%
ON
$5.94
-$1.35
-$12.00
-$523.99
PE
$12,831
$13,238
20.92%
22.06%
PE
$1.09
-$3.18
$0.00
-$514.62
SK
$9,290
$9,781
15.13%
16.30%
SK
-$1.34
-$4.09
$0.00
-$509.93
QC
$13,941
$14,351
22.98%
23.92%
QC
$66.60
$10.54
-$2.84
-$715.70
Canada
$11,399
$11,889
18.70%
19.81%
Canada
$22.82
$2.52
$1.81
-$567.84
$934.76
$855.06
$920.69
$897.26
$925.38
$901.94
$916.01
$925.38
$930.07
$724.30
$855.32
$144.85
$27.07
$231.36
$54.06
$55.66
$124.38
$30.67
$136.01
$33.96
$231.64
$99.93
Provincial Income Tax w ithout UCCB
$0.85
-$2.72
$75.84
-$6.14
$0.00
$72.34
$0.32
$59.08
$33.96
$231.64
$58.74
Provincial Bracket Creep
$0.00
$0.00
$54.43
-$4.52
$0.00
$75.32
-$0.01
$60.25
$0.00
$0.00
$3.21
-$369
-$1,150
-$1,519
-$456
-$1,131
-$1,587
-$287
-$1,147
-$1,434
-$471
-$1,141
-$1,612
-$461
-$1,148
-$1,609
-$399
-$1,142
-$1,542
-$501
-$1,146
-$1,647
-$381
-$1,148
-$1,529
-$481
-$1,149
-$1,631
-$410
-$948
-$1,358
-$441
-$1,085
-$1,526
SK
$15,618
$16,051
19.08%
20.06%
SK
-$1.34
-$4.09
$0.00
-$445.73
QC
$21,008
$21,414
25.97%
26.77%
QC
$66.60
$11.88
-$2.84
-$713.12
Canada
$17,420
$17,898
21.43%
22.37%
Canada
$22.82
$2.83
$0.66
-$536.29
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Single Income Family, Two Kids - $80,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$15,350
$15,650
18.74%
19.56%
AB
-$3.76
-$5.00
$0.00
-$435.96
BC
$16,689
$17,451
20.72%
21.81%
BC
$37.47
$10.52
$54.37
-$601.96
MB
$19,005
$19,229
23.27%
24.04%
MB
$3.51
-$2.26
$0.00
-$465.26
NB
$18,877
$19,472
23.22%
24.34%
NB
$15.64
$2.30
$0.00
-$514.08
NL
$18,163
$18,601
22.22%
23.25%
NL
$1.09
-$3.18
$0.00
-$455.49
NS
$19,859
$20,363
24.41%
25.45%
NS
$13.22
$1.38
$0.00
-$504.31
ON
$16,466
$16,981
20.18%
21.23%
ON
$5.94
-$1.35
-$15.00
-$475.02
PE
$19,828
$20,148
24.25%
25.18%
PE
$1.09
-$3.18
$0.00
-$455.49
$1,004.04
$838.04
$974.74
$925.92
$984.51
$935.69
$964.98
$984.51
$994.27
$726.88
$886.87
$144.85
$26.72
$296.78
$52.58
$56.55
$124.38
$36.73
$176.82
$33.96
$231.64
$104.74
Provincial Income Tax w ithout UCCB
$0.85
-$3.07
$141.26
-$7.62
$0.88
$72.34
$0.31
$99.89
$33.96
$231.64
$61.21
Provincial Bracket Creep
$0.00
$0.00
$119.25
-$5.81
$0.00
$75.32
-$0.01
$101.17
$0.00
$0.00
$5.69
-$300
-$2,048
-$2,348
-$473
-$2,014
-$2,487
-$167
-$2,042
-$2,209
-$444
-$2,032
-$2,476
-$401
-$2,044
-$2,445
-$365
-$2,034
-$2,399
-$449
-$2,040
-$2,489
-$281
-$2,044
-$2,325
-$417
-$2,046
-$2,463
-$406
-$1,688
-$2,094
-$405
-$1,932
-$2,338
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
December 2014
24
2015 New Year’s Tax Changes
Single Income Family, Two Kids - $100,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$22,424
$22,699
21.90%
22.70%
AB
-$3.76
-$5.00
$0.00
-$411.45
BC
$23,932
$24,852
23.77%
24.85%
BC
$37.47
$10.52
$54.37
-$637.23
MB
$27,757
$27,993
27.19%
27.99%
MB
$3.51
-$2.26
$0.00
-$451.30
NB
$27,192
$27,857
26.76%
27.86%
NB
$15.64
$2.30
$0.00
-$517.70
NL
$25,891
$26,326
25.33%
26.33%
NL
$1.09
-$3.18
$0.00
-$438.02
NS
$28,288
$28,837
27.81%
28.84%
NS
$13.22
$1.38
$0.00
-$504.42
ON
$24,666
$25,193
24.18%
25.19%
ON
$5.94
-$1.35
-$15.00
-$464.58
PE
$28,250
$28,569
27.64%
28.57%
PE
$1.09
-$3.18
$0.00
-$438.02
SK
$23,295
$23,714
22.77%
23.71%
SK
-$1.34
-$4.09
$0.00
-$424.74
QC
$29,802
$30,224
29.48%
30.22%
QC
$66.60
$11.88
-$2.84
-$730.82
Canada
$25,406
$25,912
25.00%
25.91%
Canada
$22.82
$2.83
$0.66
-$536.72
$1,028.55
$802.77
$988.70
$922.30
$1,001.98
$935.58
$975.42
$1,001.98
$1,015.26
$709.18
$886.44
$144.85
$27.66
$296.79
$52.57
$56.55
$137.51
$46.97
$176.82
$33.96
$233.05
$109.34
Provincial Income Tax w ithout UCCB
$0.85
-$2.13
$141.27
-$7.63
$0.88
$85.47
-$0.36
$99.89
$33.96
$233.05
$61.60
Provincial Bracket Creep
$0.00
$0.00
$119.26
-$5.81
$0.00
$87.28
-$0.12
$101.17
$0.00
$0.00
$5.81
-$275
-$2,048
-$2,323
-$507
-$2,014
-$2,521
-$153
-$2,042
-$2,195
-$447
-$2,032
-$2,479
-$384
-$2,044
-$2,428
-$352
-$2,034
-$2,386
-$428
-$2,040
-$2,468
-$263
-$2,044
-$2,307
-$396
-$2,046
-$2,442
-$422
-$1,688
-$2,110
-$401
-$1,932
-$2,334
QC
$54,799
$55,239
36.14%
36.83%
QC
$66.60
$11.88
-$2.84
-$751.05
Canada
$47,535
$48,111
31.18%
32.07%
Canada
$22.82
$2.83
$0.66
-$536.82
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Single Income Family, Two Kids - $150,000
AB
$41,306
$41,553
26.89%
27.70%
AB
-$3.76
-$5.00
$0.00
-$382.53
BC
$44,681
$45,992
29.58%
30.66%
BC
$37.47
$10.52
$54.37
-$677.81
MB
$50,398
$50,705
32.91%
33.80%
MB
$3.51
-$2.26
$0.00
-$434.64
$1,057.47
$762.19
$144.85
$28.23
Provincial Income Tax w ithout UCCB
$0.85
-$1.56
Provincial Bracket Creep
$0.00
$0.00
-$246
-$2,048
-$2,294
-$547
-$2,014
-$2,561
-$158
-$2,042
-$2,200
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
NB
$49,502
$50,348
32.48%
33.57%
NB
$15.64
$2.30
$0.00
-$521.48
NL
$46,413
$46,869
30.28%
31.25%
NL
$1.09
-$3.18
$0.00
-$417.27
$1,005.36
$918.52
$1,022.73
$274.94
$51.79
$54.97
$119.42
-$8.41
-$0.69
$119.96
-$6.60
$0.00
-$452
-$2,032
-$2,484
-$364
-$2,044
-$2,408
NS
$50,915
$51,530
33.38%
34.35%
NS
$13.22
$1.38
$0.00
-$504.11
ON
$47,284
$47,840
30.90%
31.89%
ON
$5.94
-$1.35
-$15.00
-$452.01
PE
$51,342
$51,641
33.49%
34.43%
PE
$1.09
-$3.18
$0.00
-$417.27
SK
$44,243
$44,643
28.83%
29.76%
SK
-$1.34
-$4.09
$0.00
-$399.90
$935.89
$987.99
$1,022.73
$1,040.10
$688.95
$886.34
$226.76
$93.94
$222.00
$49.09
$235.44
$129.18
$174.72
$46.60
$137.38
$49.09
$235.44
$81.41
$177.11
$46.41
$110.96
$0.00
$0.00
$25.08
-$263
-$2,034
-$2,297
-$368
-$2,040
-$2,408
-$197
-$2,044
-$2,241
-$356
-$2,046
-$2,402
-$440
-$1,688
-$2,128
-$381
-$1,932
-$2,314
December 2014
25
2015 New Year’s Tax Changes
Single Income Family, Two Kids - $200,000
BC
$67,741
$69,442
33.64%
34.72%
BC
$37.47
$10.52
$54.37
-$678.17
MB
$74,085
$74,462
36.28%
37.23%
MB
$3.51
-$2.26
$0.00
-$435.00
$1,057.10
$761.83
$144.85
$28.23
Provincial Income Tax w ithout UCCB
$0.85
Provincial Bracket Creep
$0.00
-$247
-$2,048
-$2,295
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
AB
$61,274
$61,521
29.92%
30.76%
AB
-$3.76
-$5.00
$0.00
-$382.90
NB
$73,297
$74,330
36.07%
37.17%
NB
$15.64
$2.30
$0.00
-$521.85
NL
$68,029
$68,527
33.28%
34.26%
NL
$1.09
-$3.18
$0.00
-$417.63
$1,005.00
$918.15
$1,022.37
$274.94
$51.44
$54.97
-$1.56
$119.42
-$8.76
-$0.69
$0.00
$119.66
-$6.97
$0.00
-$548
-$2,014
-$2,562
-$159
-$2,042
-$2,201
-$452
-$2,032
-$2,484
-$365
-$2,044
-$2,409
NS
$76,340
$77,131
37.53%
38.57%
NS
$13.22
$1.38
$0.00
-$504.48
ON
$71,899
$72,400
35.24%
36.20%
ON
$5.94
-$1.35
$135.00
-$452.37
PE
$75,548
$75,894
36.96%
37.95%
PE
$1.09
-$3.18
$0.00
-$417.63
SK
$66,748
$67,171
32.62%
33.59%
SK
-$1.34
-$4.09
$0.00
-$400.26
QC
$80,141
$80,592
39.63%
40.30%
QC
$66.60
$11.88
-$2.84
-$751.05
Canada
$71,126
$71,746
34.99%
35.87%
Canada
$22.82
$2.83
$58.39
-$537.09
$935.52
$987.63
$1,022.37
$1,039.74
$688.95
$886.07
$226.76
$93.95
$222.00
$48.54
$224.39
$126.61
$174.72
$46.60
$137.38
$48.54
$224.39
$78.83
$177.11
$46.41
$110.63
$0.00
$0.00
$25.06
-$263
-$2,034
-$2,297
-$219
-$2,040
-$2,259
-$198
-$2,044
-$2,242
-$357
-$2,046
-$2,403
-$451
-$1,688
-$2,139
-$326
-$1,932
-$2,259
SK
$9,251
$9,578
15.07%
15.96%
SK
$7.98
$0.00
$0.00
-$510.91
QC
$13,228
$13,663
21.81%
22.77%
QC
$44.22
$6.05
-$2.84
-$713.15
Canada
$10,432
$10,919
17.11%
18.20%
Canada
$15.05
$1.40
$1.81
-$566.66
Single income families get the biggest tax cut from the Family Tax Cut.
Equal Incomes Family, Two Kids - $60,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$9,783
$10,138
15.92%
16.90%
AB
$8.32
$0.00
$0.00
-$506.61
BC
$10,940
$11,550
18.11%
19.25%
BC
$2.44
$0.00
$54.37
-$579.79
MB
$11,384
$11,683
18.58%
19.47%
MB
$7.29
$0.00
$0.00
-$519.53
NB
$11,228
$11,719
18.42%
19.53%
NB
$5.54
$0.00
$0.00
-$541.04
NL
$10,684
$11,103
17.42%
18.51%
NL
$7.62
$0.00
$0.00
-$515.21
NS
$11,174
$11,609
18.31%
19.35%
NS
$5.90
$0.00
$0.00
-$536.74
ON
$9,023
$9,589
14.74%
15.98%
ON
$6.93
$0.00
-$12.00
-$523.83
PE
$11,624
$12,118
18.96%
20.20%
PE
$7.62
$0.00
$0.00
-$515.21
$933.39
$860.21
$920.47
$898.96
$924.79
$903.26
$916.17
$924.79
$929.09
$726.85
$856.50
$143.16
$104.24
$248.20
$137.02
$110.25
$175.49
-$0.15
$36.69
$185.64
$230.65
$106.05
Provincial Income Tax w ithout UCCB
-$0.83
-$0.35
$57.81
-$2.37
-$0.62
$86.79
-$0.15
$32.48
$27.24
$230.65
$57.75
Provincial Bracket Creep
$0.00
$0.00
$54.45
-$1.82
$0.00
$87.74
$0.02
$37.43
$0.00
$0.00
$3.38
-$355
$0
-$355
-$419
$0
-$419
-$264
$0
-$264
-$398
$0
-$398
-$397
$0
-$397
-$355
$0
-$355
-$529
$0
-$529
-$471
$0
-$471
-$317
$0
-$317
-$435
$0
-$435
-$442
$0
-$442
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
December 2014
26
2015 New Year’s Tax Changes
Equal Incomes Family, Two Kids - $80,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$15,952
$16,307
19.47%
20.38%
AB
$8.32
$0.00
$0.00
-$506.61
BC
$16,276
$16,971
20.20%
21.21%
BC
$2.43
$0.00
$54.37
-$579.77
MB
$18,178
$18,463
22.25%
23.08%
MB
$7.28
$0.00
$0.00
-$519.52
NB
$17,431
$17,900
21.45%
22.38%
NB
$5.54
$0.00
$0.00
-$541.04
NL
$17,037
$17,399
20.84%
21.75%
NL
$7.62
$0.00
$0.00
-$515.22
NS
$18,325
$18,809
22.52%
23.51%
NS
$5.89
$0.00
$0.00
-$536.74
ON
$15,022
$15,363
18.41%
19.20%
ON
$6.93
$0.00
-$18.00
-$523.83
PE
$18,507
$18,905
22.64%
23.63%
PE
$7.62
$0.00
$0.00
-$515.22
SK
$15,605
$15,938
19.07%
19.92%
SK
$7.97
$0.00
$0.00
-$510.92
QC
$20,295
$20,715
25.09%
25.89%
QC
$59.38
$8.09
-$2.84
-$715.32
Canada
$16,608
$17,015
20.43%
21.27%
Canada
$18.55
$1.87
-$0.50
-$567.16
$933.39
$860.23
$920.48
$898.96
$924.78
$903.26
$916.17
$924.78
$929.08
$724.68
$856.00
$143.15
$110.16
$280.80
$205.70
$179.19
$175.49
$253.88
$146.40
$185.65
$230.65
$208.75
Provincial Income Tax w ithout UCCB
-$0.84
-$0.71
$83.20
-$7.70
-$0.80
$86.78
-$0.51
$88.80
$27.25
$230.65
$58.60
Provincial Bracket Creep
$0.00
$0.00
$67.44
-$7.40
$0.00
$87.76
$0.14
$89.45
$0.00
$0.00
$3.99
-$355
$0
-$355
-$413
$0
-$413
-$231
$0
-$231
-$330
$0
-$330
-$328
$0
-$328
-$355
$0
-$355
-$281
$0
-$281
-$361
$0
-$361
-$317
$0
-$317
-$420
$0
-$420
-$338
$0
-$338
QC
$28,960
$29,245
28.65%
29.24%
QC
$74.55
$21.07
-$2.84
-$665.92
Canada
$24,291
$24,661
23.90%
24.66%
Canada
$22.06
$5.03
-$2.81
-$473.29
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Equal Incomes Family, Two Kids - $100,000
AB
$23,083
$23,303
22.54%
23.30%
AB
$8.32
-$10.01
$0.00
-$361.75
BC
$22,813
$23,562
22.65%
23.56%
BC
$2.44
$21.04
$54.37
-$544.18
MB
$25,925
$26,111
25.39%
26.11%
MB
$7.29
-$4.53
$0.00
-$393.95
$1,078.25
$895.82
$144.13
$109.08
Provincial Income Tax w ithout UCCB
$0.13
-$1.79
Provincial Bracket Creep
$0.00
$0.00
-$219
$0
-$219
-$357
$0
-$357
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
NB
$25,453
$25,887
25.05%
25.89%
NB
$5.54
$4.60
$0.00
-$447.60
NL
$24,687
$24,938
24.16%
24.94%
NL
$7.62
-$6.36
$0.00
-$383.21
NS
$26,398
$26,834
25.96%
26.83%
NS
$5.90
$2.77
$0.00
-$436.86
ON
$22,878
$23,261
22.43%
23.26%
ON
$6.93
-$2.70
-$24.00
-$404.68
PE
$26,395
$26,682
25.83%
26.68%
PE
$7.62
-$6.36
$0.00
-$383.21
SK
$23,230
$23,399
22.71%
23.40%
SK
$7.98
-$8.18
$0.00
-$372.48
$1,046.05
$992.40
$1,056.79
$1,003.14
$1,035.32
$1,056.79
$1,067.52
$774.08
$949.87
$281.29
$205.23
$179.68
$175.26
$132.62
$147.03
$225.83
$288.75
$176.84
$83.69
-$8.17
-$0.31
$86.56
$0.86
$89.43
$38.63
$288.75
$72.89
$67.44
-$7.43
$0.00
$87.75
$0.14
$89.45
$0.00
$0.00
$3.97
-$110
$0
-$110
-$232
$0
-$232
-$202
$0
-$202
-$253
$0
-$253
-$292
$0
-$292
-$235
$0
-$235
-$147
$0
-$147
-$284
$0
-$284
-$272
$0
-$272
December 2014
27
2015 New Year’s Tax Changes
Equal Incomes Family, Two Kids - $150,000
BC
$38,059
$38,971
25.20%
25.98%
BC
$74.94
$21.04
$54.37
-$555.04
MB
$45,057
$45,102
29.42%
30.07%
MB
$7.03
-$4.53
$0.00
-$393.89
$1,080.65
$884.96
$145.72
$139.64
Provincial Income Tax w ithout UCCB
$1.72
Provincial Bracket Creep
$0.00
-$231
$0
-$231
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
AB
$39,645
$39,877
25.81%
26.58%
AB
-$7.52
-$10.01
$0.00
-$359.35
NB
$44,366
$44,930
29.11%
29.95%
NB
$31.28
$4.60
$0.00
-$451.44
NL
$42,625
$42,902
27.81%
28.60%
NL
$2.18
-$6.36
$0.00
-$382.38
NS
$46,008
$46,504
30.16%
31.00%
NS
$26.43
$2.77
$0.00
-$439.93
ON
$39,390
$39,813
25.75%
26.54%
ON
$11.88
-$2.70
-$30.00
-$405.40
PE
$45,652
$45,857
29.78%
30.57%
PE
$2.18
-$6.36
$0.00
-$382.38
SK
$41,312
$41,507
26.92%
27.67%
SK
-$2.67
-$8.18
$0.00
-$370.87
QC
$48,827
$49,057
32.20%
32.70%
QC
$133.21
$23.77
-$2.84
-$673.61
Canada
$41,496
$41,892
27.22%
27.93%
Canada
$45.64
$5.65
-$5.12
-$476.55
$1,046.11
$988.56
$1,057.62
$1,000.07
$1,034.60
$1,057.62
$1,069.13
$766.39
$946.61
$479.12
$202.73
$193.40
$232.81
$158.70
$270.92
$227.00
$288.75
$199.83
-$5.47
$214.57
-$10.67
$1.88
$119.34
$0.59
$171.56
$39.80
$288.75
$78.10
$0.00
$197.07
-$7.43
$0.00
$122.77
$0.15
$171.29
$0.00
$0.00
$9.51
-$265
$0
-$265
$88
$0
$88
-$213
$0
-$213
-$193
$0
-$193
-$178
$0
-$178
-$268
$0
-$268
-$116
$0
-$116
-$155
$0
-$155
-$231
$0
-$231
-$231
$0
-$231
QC
$70,399
$70,557
34.82%
35.28%
QC
$133.21
$23.77
-$2.84
-$660.91
Canada
$61,147
$61,514
30.08%
30.76%
Canada
$45.64
$5.65
-$5.12
-$422.68
Equal Incomes Family, Two Kids - $200,000
AB
$57,127
$57,252
27.89%
28.63%
AB
-$7.52
-$10.01
$0.00
-$252.74
BC
$55,896
$57,088
27.75%
28.54%
BC
$74.94
$21.04
$54.37
-$567.98
MB
$66,304
$66,356
32.47%
33.18%
MB
$7.03
-$4.53
$0.00
-$308.37
NB
$64,865
$65,518
31.92%
32.76%
NB
$31.28
$4.60
$0.00
-$401.09
NL
$61,745
$61,967
30.21%
30.98%
NL
$2.18
-$6.36
$0.00
-$289.83
NS
$66,868
$67,411
32.88%
33.71%
NS
$26.43
$2.77
$0.00
-$382.54
ON
$59,589
$59,920
29.21%
29.96%
ON
$11.88
-$2.70
-$30.00
-$326.91
PE
$66,588
$66,662
32.58%
33.33%
PE
$2.18
-$6.36
$0.00
-$289.83
SK
$60,304
$60,418
29.47%
30.21%
SK
-$2.67
-$8.18
$0.00
-$271.28
$1,187.26
$872.02
$1,131.63
$1,038.91
$1,150.17
$1,057.46
$1,113.09
$1,150.17
$1,168.72
$779.09
$1,000.48
$145.72
$172.68
$447.95
$224.23
$193.40
$271.03
$249.91
$349.44
$227.00
$349.15
$253.55
Provincial Income Tax w ithout UCCB
$1.72
-$4.29
$197.39
-$13.65
$1.88
$145.60
-$0.79
$240.16
$39.80
$349.15
$91.67
Provincial Bracket Creep
$0.00
$0.00
$197.08
-$10.02
$0.00
$146.70
$0.01
$188.41
$0.00
$0.00
$9.80
-$125
$0
-$125
-$245
$0
-$245
$142
$0
$142
-$141
$0
-$141
-$101
$0
-$101
-$82
$0
-$82
-$98
$0
-$98
$55
$0
$55
-$55
$0
-$55
-$158
$0
-$158
-$123
$0
-$123
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Equal income families get no tax savings from the Family Tax Cut, however they do benefit from the enhanced UCCB.
Jeff Bowes
Research Director
December 2014
28
2015 New Year’s Tax Changes
High and Low Income, Two Kids - $30,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$1,131
$1,854
3.68%
6.18%
AB
$8.32
$0.00
$0.00
-$731.77
BC
$1,307
$2,067
4.33%
6.89%
BC
$2.47
$0.02
$0.00
-$801.05
MB
$1,500
$2,014
4.90%
6.71%
MB
$7.32
$0.01
$0.00
-$743.88
NB
$1,411
$2,056
4.63%
6.85%
NB
$5.54
$0.00
$0.00
-$764.45
NL
$1,119
$1,854
3.65%
6.18%
NL
$7.62
$0.00
$0.00
-$739.95
NS
$2,054
$2,645
6.73%
8.82%
NS
$5.95
$0.02
$0.00
-$760.21
ON
$1,283
$2,008
4.19%
6.69%
ON
$6.94
$0.00
$24.00
-$748.12
PE
$2,363
$3,048
7.71%
10.16%
PE
$7.62
$0.00
$0.00
-$739.95
SK
$1,125
$1,854
3.67%
6.18%
SK
$8.01
$0.01
$0.00
-$735.71
QC
-$539
$100
-1.78%
0.33%
QC
$21.53
$3.04
$0.00
-$898.57
Canada
$849
$1,538
2.78%
5.13%
Canada
$9.82
$0.71
$9.24
-$779.06
$708.23
$638.95
$696.12
$675.55
$700.05
$679.79
$691.88
$700.05
$704.29
$541.43
$644.09
$0.00
$72.74
$227.80
$130.55
$0.00
$181.63
$0.00
$52.54
$0.00
$234.63
$78.10
Provincial Income Tax w ithout UCCB
$0.00
-$0.12
$72.28
-$2.83
$0.00
$55.05
$0.00
$52.54
$0.00
$234.63
$58.11
Provincial Bracket Creep
$0.00
$0.00
$41.43
$1.09
$0.00
$26.62
$0.00
$16.62
$0.00
$0.00
$1.97
-$723
$0
-$723
-$726
$0
-$726
-$509
$0
-$509
-$628
$0
-$628
-$732
$0
-$732
-$573
$0
-$573
-$717
$0
-$717
-$680
$0
-$680
-$728
$0
-$728
-$639
$0
-$639
-$681
$0
-$681
SK
$9,245
$9,535
15.06%
15.89%
SK
$7.97
$0.00
$0.00
-$510.90
QC
$13,359
$13,793
22.02%
22.99%
QC
$44.21
$6.06
-$2.84
-$713.15
Canada
$10,759
$11,204
17.65%
18.67%
Canada
$15.05
$1.40
$2.96
-$566.65
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
High and Low Income, Two Kids - $60,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$9,870
$10,225
16.06%
17.04%
AB
$8.32
$0.00
$0.00
-$506.60
BC
$10,877
$11,593
18.00%
19.32%
BC
$2.43
$0.00
$54.37
-$579.76
MB
$11,730
$12,032
19.15%
20.05%
MB
$7.28
$0.00
$0.00
-$519.51
NB
$11,524
$12,019
18.90%
20.03%
NB
$5.54
$0.00
$0.00
-$541.03
NL
$11,212
$11,632
18.28%
19.39%
NL
$7.63
$0.00
$0.00
-$515.21
NS
$11,968
$12,529
19.61%
20.88%
NS
$5.89
$0.00
$0.00
-$536.73
ON
$9,683
$10,103
15.82%
16.84%
ON
$6.93
$0.00
-$9.00
-$523.82
PE
$12,179
$12,651
19.86%
21.09%
PE
$7.63
$0.00
$0.00
-$515.21
$933.40
$860.24
$920.49
$898.97
$924.79
$903.27
$916.18
$924.79
$929.10
$726.85
$856.51
$143.56
-$0.36
$244.70
$134.34
$110.16
$55.80
$144.74
$60.64
$222.19
$231.65
$147.75
Provincial Income Tax w ithout UCCB
-$0.43
-$0.36
$75.18
-$5.04
-$0.71
$55.80
-$0.69
$60.64
$33.96
$231.65
$58.25
Provincial Bracket Creep
$0.00
$0.00
$54.43
-$4.61
$0.00
$56.55
$0.16
$61.33
$0.00
$0.00
$3.00
-$355
-$75
-$430
-$523
-$74
-$597
-$268
-$75
-$342
-$401
-$75
-$476
-$397
-$75
-$472
-$475
-$75
-$550
-$381
-$75
-$456
-$447
-$75
-$522
-$281
-$75
-$356
-$434
-$62
-$496
-$399
-$71
-$470
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
December 2014
29
2015 New Year’s Tax Changes
High and Low Income, Two Kids - $80,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
AB
$15,492
$15,857
18.91%
19.82%
AB
$0.40
-$5.01
$0.00
-$504.66
BC
$15,964
$16,607
19.82%
20.76%
BC
$38.68
$10.52
$54.37
-$586.79
MB
$18,085
$18,408
22.14%
23.01%
MB
$7.15
-$2.26
$0.00
-$519.16
NB
$17,930
$18,464
22.06%
23.08%
NB
$18.41
$2.30
$0.00
-$543.31
NL
$17,199
$17,636
21.04%
22.04%
NL
$4.90
-$3.18
$0.00
-$514.32
NS
$18,393
$18,971
22.61%
23.71%
NS
$16.16
$1.38
$0.00
-$538.48
ON
$15,716
$16,124
19.26%
20.15%
ON
$9.40
-$1.35
$98.40
-$523.98
PE
$18,457
$18,945
22.57%
23.68%
PE
$4.90
-$3.18
$0.00
-$514.32
SK
$15,502
$15,836
18.94%
19.80%
SK
$2.65
-$4.09
$0.00
-$509.50
QC
$20,562
$20,957
25.42%
26.20%
QC
$81.13
$12.56
-$2.84
-$718.60
Canada
$16,850
$17,277
20.73%
21.60%
Canada
$28.59
$2.98
$44.30
-$568.67
$935.34
$853.21
$920.84
$896.69
$925.68
$901.52
$916.02
$925.68
$930.50
$721.40
$854.48
$144.44
$116.02
$244.96
$132.86
$110.62
$72.08
$72.87
$61.21
$191.92
$232.35
$134.80
Provincial Income Tax w ithout UCCB
$0.44
-$2.91
$75.44
-$6.52
-$0.25
$72.08
$0.15
$61.21
$33.52
$232.35
$58.73
Provincial Bracket Creep
$0.00
$0.00
$54.42
-$4.63
$0.00
$74.05
$0.08
$61.35
$0.00
$0.00
$3.23
-$365
-$1,150
-$1,515
-$367
-$1,131
-$1,498
-$269
-$1,147
-$1,416
-$390
-$1,141
-$1,531
-$402
-$1,148
-$1,550
-$449
-$1,142
-$1,591
-$345
-$1,146
-$1,490
-$451
-$1,148
-$1,599
-$319
-$1,149
-$1,468
-$395
-$948
-$1,344
-$358
-$1,085
-$1,443
QC
$28,138
$28,477
27.83%
28.48%
QC
$84.92
$14.42
-$2.84
-$666.39
Canada
$23,434
$23,835
23.06%
23.83%
Canada
$29.47
$3.41
-$1.65
-$474.12
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
High and Low Income, Two Kids - $100,000
BC
$21,731
$22,431
21.58%
22.43%
BC
$38.68
$10.52
$54.37
-$548.03
MB
$25,504
$25,677
24.98%
25.68%
MB
$7.16
-$2.26
$0.00
-$394.25
$1,078.71
$891.97
$144.44
$116.02
Provincial Income Tax w ithout UCCB
$0.44
Provincial Bracket Creep
$0.00
-$221
-$1,358
-$1,580
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
AB
$21,885
$22,106
21.37%
22.11%
AB
$0.40
-$5.00
$0.00
-$361.29
NB
$24,944
$25,439
24.55%
25.44%
NB
$18.41
$2.30
$0.00
-$449.17
NL
$23,894
$24,212
23.38%
24.21%
NL
$4.91
-$3.18
$0.00
-$383.26
NS
$25,660
$26,187
25.23%
26.19%
NS
$16.16
$1.38
$0.00
-$438.18
ON
$22,081
$22,514
21.65%
22.51%
ON
$9.40
-$1.35
-$21.00
-$405.23
PE
$25,766
$26,097
25.21%
26.10%
PE
$4.91
-$3.18
$0.00
-$383.26
SK
$22,390
$22,594
21.89%
22.59%
SK
$2.65
-$4.09
$0.00
-$372.28
$1,045.75
$990.83
$1,056.74
$1,001.82
$1,034.77
$1,056.74
$1,067.72
$773.61
$949.04
$291.72
$132.88
$111.50
$72.08
$72.85
$102.02
$191.92
$230.90
$136.34
-$2.91
$136.20
-$6.51
$0.62
$72.09
$0.13
$102.02
$33.52
$230.90
$60.77
$0.00
$119.26
-$4.62
$0.00
$74.05
$0.10
$102.27
$0.00
$0.00
$5.74
-$328
-$1,336
-$1,664
-$98
-$1,355
-$1,452
-$296
-$1,348
-$1,643
-$270
-$1,356
-$1,626
-$349
-$1,349
-$1,698
-$345
-$1,353
-$1,699
-$280
-$1,356
-$1,635
-$182
-$1,357
-$1,539
-$339
-$1,120
-$1,459
-$307
-$1,282
-$1,588
December 2014
30
2015 New Year’s Tax Changes
High and Low Income, Two Kids - $150,000
BC
$38,930
$39,932
25.77%
26.62%
BC
$38.71
$10.52
$54.37
-$547.81
MB
$45,666
$45,874
29.82%
30.58%
MB
$7.18
-$2.26
$0.00
-$394.03
$1,078.70
$892.19
$144.43
$104.82
Provincial Income Tax w ithout UCCB
$0.43
Provincial Bracket Creep
$0.00
-$221
-$1,470
-$1,691
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
AB
$38,925
$39,146
25.34%
26.10%
AB
$0.40
-$5.00
$0.00
-$361.30
NB
$44,234
$44,881
29.02%
29.92%
NB
$18.41
$2.30
$0.00
-$449.18
NL
$42,120
$42,404
27.48%
28.27%
NL
$4.90
-$3.18
$0.00
-$383.27
NS
$45,776
$46,308
30.01%
30.87%
NS
$16.19
$1.39
$0.00
-$437.98
ON
$40,921
$41,370
26.75%
27.58%
ON
$9.41
-$1.35
$37.20
-$405.23
PE
$45,875
$46,123
29.92%
30.75%
PE
$4.90
-$3.18
$0.00
-$383.27
SK
$40,684
$40,905
26.51%
27.27%
SK
$2.67
-$4.08
$0.00
-$372.07
QC
$49,177
$49,504
32.43%
33.00%
QC
$94.43
$15.68
-$2.84
-$667.55
Canada
$42,187
$42,635
27.67%
28.42%
Canada
$31.67
$3.71
$20.75
-$474.34
$1,045.97
$990.82
$1,056.73
$1,002.02
$1,034.77
$1,056.73
$1,067.93
$772.45
$948.81
$315.46
$131.38
$179.58
$205.07
$72.17
$223.85
$192.04
$232.66
$139.35
-$3.08
$131.86
-$8.00
-$0.41
$116.37
-$0.54
$166.25
$33.64
$232.66
$61.63
$0.00
$132.25
-$5.92
$0.00
$117.22
$0.02
$138.93
$0.00
$0.00
$6.93
-$339
-$1,446
-$1,785
-$74
-$1,466
-$1,539
-$297
-$1,458
-$1,756
-$202
-$1,467
-$1,669
-$215
-$1,460
-$1,675
-$288
-$1,464
-$1,752
-$158
-$1,467
-$1,625
-$181
-$1,469
-$1,650
-$328
-$1,212
-$1,539
-$279
-$1,387
-$1,666
Families with a high income earner and a lower income earner benefit less from the Family Tax Cut than single income earner families. However
the savings are still substantial. There are no FTC tax savings at the very low income levels because the low income spouse is generally not
paying any income tax because of their personal basic exemption and other low income tax credits.
High and Low Income, Two Kids - $200,000
BC
$58,163
$59,491
28.88%
29.75%
BC
$38.69
$21.04
$54.37
-$562.55
MB
$66,885
$67,071
32.75%
33.54%
MB
$7.16
-$4.53
$0.00
-$308.40
NB
$65,528
$66,220
32.25%
33.11%
NB
$18.41
$4.60
$0.00
-$399.16
NL
$61,788
$62,022
30.23%
31.01%
NL
$4.90
-$6.36
$0.00
-$290.24
NS
$67,310
$67,842
33.09%
33.92%
NS
$16.17
$2.77
$0.00
-$381.01
ON
$61,852
$62,264
30.32%
31.13%
ON
$9.40
-$2.70
-$27.00
-$326.55
PE
$67,635
$67,835
33.09%
33.92%
PE
$4.90
-$6.36
$0.00
-$290.24
SK
$60,767
$60,863
29.70%
30.43%
SK
$2.65
-$8.18
$0.00
-$272.09
$1,186.07
$877.45
$1,131.60
$1,040.84
$1,149.76
$1,058.99
$1,113.45
$1,149.76
$144.92
$108.40
$315.56
$201.70
$179.20
$294.03
$178.79
$224.17
Provincial Income Tax w ithout UCCB
$0.92
-$2.47
$131.96
-$11.70
-$0.79
$205.33
$47.03
Provincial Bracket Creep
$0.00
$0.00
$132.96
-$9.50
$0.00
$207.04
-$119
-$1,974
-$2,093
-$340
-$1,941
-$2,281
$10
-$1,968
-$1,958
-$174
-$1,959
-$2,133
-$113
-$1,970
-$2,083
-$68
-$1,960
-$2,028
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax + UCCB
Federal Income Tax
Provincial Income Tax
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
AB
$57,038
$57,157
27.85%
28.58%
AB
$0.40
-$10.01
$0.00
-$253.93
QC
$73,048
$73,289
36.13%
36.64%
QC
$103.88
$22.42
-$2.84
-$657.08
Canada
$62,981
$63,420
30.98%
31.71%
Canada
$33.85
$5.34
-$3.96
-$421.05
$1,167.91
$782.92
$1,002.11
$241.54
$292.54
$199.21
$166.57
$54.34
$292.54
$95.76
$46.60
$138.61
$0.00
$0.00
$26.11
-$168
-$1,966
-$2,134
-$68
-$1,970
-$2,038
-$36
-$1,972
-$2,008
-$241
-$1,627
-$1,868
-$187
-$1,863
-$2,049
December 2014
31
2015 New Year’s Tax Changes
Equal Income Couple - $80,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
AB
$17,032
$17,000
20.79%
21.25%
AB
$8.32
$0.00
$0.00
$24.65
-$0.84
BC
$17,227
$17,504
21.38%
21.88%
BC
$2.43
$0.00
$49.46
-$37.01
-$0.71
MB
$19,625
$19,595
24.03%
24.49%
MB
$7.28
$0.00
$0.00
$13.77
$66.04
NB
$18,441
$18,593
22.69%
23.24%
NB
$5.54
$0.00
$0.00
-$4.37
-$7.70
NL
$18,081
$18,092
22.11%
22.61%
NL
$7.62
$0.00
$0.00
$17.40
-$0.80
NS
$19,460
$19,501
23.92%
24.38%
NS
$5.89
$0.00
$0.00
-$0.74
$86.78
ON
$16,702
$16,768
20.47%
20.96%
ON
$6.93
$0.00
-$18.00
$10.14
-$0.31
PE
$19,673
$19,598
24.06%
24.50%
PE
$7.62
$0.00
$0.00
$17.40
$88.80
SK
$17,976
$17,945
21.96%
22.43%
SK
$7.97
$0.00
$0.00
$21.02
$19.51
QC
$21,325
$21,287
26.37%
26.61%
QC
$59.38
$8.09
-$2.84
-$26.78
$0.25
Canada
$17,931
$17,982
22.05%
22.48%
Canada
$18.55
$1.87
-$1.14
-$2.89
$4.22
$0.00
$0.00
$67.44
-$7.41
$0.00
$87.75
$0.04
$89.45
$0.00
$0.00
$3.95
$32
$0
$32
$14
$0
$14
$87
$0
$87
-$7
$0
-$7
$24
$0
$24
$92
$0
$92
-$1
$0
-$1
$114
$0
$114
$49
$0
$49
$38
$0
$38
$21
$0
$21
High and Low Income Couple - $80,000
2015 Total Taxes - $
2014 Total Taxes - $
2015 Total Taxes - %
2014 Total Taxes - %
Inflation Adjusted Tax Changes
CPP/QPP
EI/QPIP
Health Taxes
Federal Income Tax
Provincial Income Tax
Provincial Bracket Creep
2015 Tax Change
2014 Tax Change From FTC
Total Tax Change
Jeff Bowes
Research Director
AB
$17,744
$17,700
21.66%
22.13%
AB
$0.40
-$5.01
$0.00
$47.88
$0.44
BC
$18,008
$18,291
22.35%
22.86%
BC
$38.68
$10.52
$49.46
-$75.05
-$2.91
MB
$20,520
$20,491
25.12%
25.61%
MB
$7.15
-$2.26
$0.00
$26.18
$58.27
NB
$20,153
$20,307
24.79%
25.38%
NB
$18.41
$2.30
$0.00
-$9.96
-$6.52
NL
$19,476
$19,479
23.82%
24.35%
NL
$4.90
-$3.18
$0.00
$33.42
-$0.25
NS
$20,759
$20,814
25.51%
26.02%
NS
$16.16
$1.38
$0.00
-$2.74
$72.08
ON
$17,936
$17,967
21.98%
22.46%
ON
$9.40
-$1.35
$12.00
$18.96
$0.15
PE
$20,844
$20,789
25.49%
25.99%
PE
$4.90
-$3.18
$0.00
$33.42
$61.21
SK
$19,040
$18,994
23.26%
23.74%
SK
$2.65
-$4.09
$0.00
$40.65
$25.78
QC
$22,524
$22,477
27.85%
28.10%
QC
$81.13
$12.56
-$2.84
-$45.67
$1.95
Canada
$19,019
$19,053
23.39%
23.82%
Canada
$28.59
$2.98
$10.41
-$4.93
$4.28
$0.00
$0.00
$54.43
-$4.63
$0.00
$74.06
$0.08
$61.35
$0.00
$0.00
$3.23
$44
$0
$44
$21
$0
$21
$89
$0
$89
$4
$0
$4
$35
$0
$35
$87
$0
$87
$39
$0
$39
$96
$0
$96
$65
$0
$65
$47
$0
$47
$41
$0
$41
December 2014
32
2015 New Year’s Tax Changes
The Lower Mainland TransLink Sales Tax
Implications of a YES vote in the 2015 TransLink Tax referendum
The largest tax increase of the year may come in Greater Vancouver, where TransLink, the region’s transportation authority, is
asking voters to approve an increase to the Provincial Sales Tax (PST) through a spring referendum.
The PST currently sits at 7%, so moving the tax to 7.5% in the Lower Mainland works out to an additional 7.14% increase in PST. This
tax hike is expected to generate $250 million a year for TransLink.
$250,000,000 divided by the region’s 967,948 households equals $258 in extra taxes for every household in
the Lower Mainland.
This referendum campaign is a beachhead for stressed taxpayers across Canada, because approving it opens
the door for similar PST hikes in other cities. Bad ideas move like wildfire in politics, and if TransLink gets their
tax increase, you can bet Calgary, Edmonton, Toronto, Regina, Winnipeg, Montreal, Halifax and other cities
will be pushing for the same ability to raise sales taxes. Some areas might want it for transit, others for city
hall spending, but make no mistake: Tax hikes spread – which is why we need to stop this one before it starts.
If you live in the Lower Mainland, go to www.notranslinktax.ca and register your support for the CTF’s No
TransLink Tax campaign (and be sure to vote NO in the 2015 mail-in referendum). And if you live outside the
Lower Mainland, talk to any of your friends and family in Greater Vancouver and encourage them to vote NO.
TransLink’s PST hike must be stopped – or we’ll all pay more.
Biggest Tax Cuts
Province
Rank
BC
1
QC
2
NB
3
ON
4
NL
5
AB
6
SK
7
NS
8
PE
9
MB
10
Vancouver
11
Jordan Bateman
British Columbia Director
604.999.3319
Jeff Bowes
Research Director
December 2014
33
2015 New Year’s Tax Changes
2015 Tax Difference- Including Greater Vancouver's Proposed PST increase
Cases
Single - $15,000
Single - $30,000
Single - $60,000
Single - $80,000
Single - $100,000
Single - $150,000
Single - $200,000
Single Income Family, Two Kids - $30,000
Single Income Family, Two Kids - $60,000
Single Income Family, Two Kids - $80,000
Single Income Family, Two Kids - $100,000
Single Income Family, Two Kids - $150,000
Single Income Family, Two Kids - $200,000
Equal Incomes Family, Two Kids - $60,000
Equal Incomes Family, Two Kids - $80,000
Equal Incomes Family, Two Kids - $100,000
Equal Incomes Family, Two Kids - $150,000
Equal Incomes Family, Two Kids - $200,000
High and Low Income, Two Kids - $30,000
High and Low Income, Two Kids - $60,000
High and Low Income, Two Kids - $80,000
High and Low Income, Two Kids - $100,000
High and Low Income, Two Kids - $150,000
High and Low Income, Two Kids - $200,000
Equal Income Couple - $80,000
High and Low Income Couple - $80,000
Average Tax cut
Jeff Bowes
Research Director
Vancouver
AB
BC
MB
NB
NL
NS
ON
PE
SK
QC
$210
$486
$274
$274
$239
$199
$199
-$289
-$197
-$215
-$249
-$289
-$290
-$161
-$155
-$99
-$7
$13
-$468
-$265
-$109
-$70
-$81
-$82
$272
$279
-$22
$36
$16
$28
$28
$52
$81
$81
-$503
-$369
-$300
-$275
-$246
-$247
-$355
-$355
-$219
-$231
-$125
-$723
-$355
-$365
-$221
-$221
-$119
$32
$44
-$186
-$48
$228
$16
$16
-$19
-$59
-$59
-$547
-$455
-$473
-$507
-$547
-$548
-$419
-$413
-$357
-$265
-$245
-$726
-$523
-$367
-$328
-$339
-$340
$14
$21
-$280
$50
$31
$54
$119
$133
$150
$150
-$288
-$287
-$167
-$153
-$158
-$159
-$264
-$231
-$110
$88
$142
-$509
-$268
-$269
-$98
-$74
$10
$87
$89
-$74
-$2
-$1
$5
$3
-$0
-$5
-$6
-$480
-$471
-$444
-$447
-$452
-$452
-$398
-$330
-$232
-$213
-$141
-$628
-$401
-$390
-$296
-$297
-$174
-$7
$4
-$241
$26
$12
$23
$24
$41
$60
$60
-$512
-$461
-$401
-$384
-$364
-$365
-$397
-$328
-$202
-$193
-$101
-$732
-$397
-$402
-$270
-$202
-$113
$24
$35
-$212
$33
$46
$72
$72
$85
$174
$174
-$397
-$399
-$365
-$352
-$263
-$263
-$355
-$355
-$253
-$178
-$82
-$573
-$475
-$449
-$349
-$215
-$68
$92
$87
-$175
$15
$2
$7
$4
$14
$73
$223
-$526
-$501
-$449
-$428
-$368
-$219
-$529
-$281
-$292
-$268
-$98
-$717
-$381
-$345
-$345
-$288
-$168
-$1
$39
-$224
$64
$29
$68
$108
$160
$183
$182
-$368
-$381
-$281
-$263
-$197
-$198
-$471
-$361
-$235
-$116
$55
-$680
-$447
-$451
-$280
-$158
-$68
$114
$96
-$150
$31
$24
$41
$41
$62
$102
$101
-$507
-$481
-$417
-$396
-$356
-$357
-$317
-$317
-$147
-$155
-$55
-$728
-$281
-$319
-$182
-$181
-$36
$49
$65
-$182
$6
$11
$42
$43
$27
$9
-$2
-$450
-$410
-$406
-$422
-$440
-$451
-$435
-$420
-$284
-$231
-$158
-$639
-$434
-$395
-$339
-$328
-$241
$38
$47
-$241
Canada
$9
$38
$23
$24
$24
$45
$99
-$489
-$441
-$405
-$401
-$381
-$326
-$442
-$338
-$272
-$231
-$123
-$681
-$399
-$358
-$307
-$279
-$187
$21
$41
-$221
December 2014