Any promise on income splitting will have to wait: PM

Daniel Proussalidis, National Bureau

, Last Updated: 6:24 PM ET

OTTAWA – Canadians will have to wait until next year to find out if the Conservative government will keep a 2011 election promise on income splitting, Prime Minister Stephen Harper said.

“Once we have a balanced budget and once we get a surplus we can have obviously the discussion about what we do next,” Harper said Thursday in the Stouffville, Ont., area north of Toronto.

Harper promised in 2011 that once the budget was balanced, a Conservative government would let spouses with children under age 18 share up to $50,000 of income for tax purposes – allowing a higher earner to shift income to a spouse in a lower tax bracket.

The Conservatives argued at the time that income splitting was a matter of fairness, since the current system leaves a family with two earners paying less income tax than a family with one earner, even if both families have equal incomes.


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