Report D: REVENUE MEASURES
TABLE D2
TAX CUTS AND RATE FREEZES INTRODUCED SINCE 1995
TYPICAL SAVINGS FOR BRITISH COLUMBIA FAMILIES
Single Parent with two young children $30,000 family income |
Two Parent family with two children * $55,000 family income | |
Full year savings | Full year savings | |
Income tax cut | ||
Basic rate reductions | $68 | $190 |
Reductions due to federal low income supplement credit | $13 | $1 |
Reductions due to federal enhancements to tuition and education credits | -- | $216 |
Family Bonus | $856 | -- |
Medical Services Plan | ||
Premium assistance enhancements | $173 | -- |
Rate freezes | ||
ICBC rate freeze | $70 | $70 |
BC Hydro rate freeze and rebate | $20 | $20 |
University/college tuition freeze | -- | $552 |
Total Savings | $1,200 | $1,049 |
* Both children attending university. |
Return to Report D: Revenue Measures |