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.


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