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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Return to Report D: Revenue Measures |