Economic Statement and Budget Update 2000

Statement 2000 - Main | Interactive Version

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Details of Tax Cuts

See also Assumptions used by the Tax Calculator.


Impact in 2001 of the October Statement and the 2000 Budget.

Impact in 2001 of the October Statement.

Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination.

Canada Child Tax Benefit.


Typical One-Earner Family of Four
Impact in 2001 of the October Statement and the 2000 Budget


Total income Federal tax pre-2000 budget Reduce 17% rate to 16% Increase personal amounts to  $7,412 and  $6,294 Increase brackets to  $30,754 and  $61,509 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Other indexation Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $  $  $  $ %
15,000 -4,410 -9 -83 0 0 0 0 -802 -40 -250 -1,184
20,000 -3,619 -56 -83 0 0 0 0 -802 -40 -250 -1,231
25,000 -2,024 -102 -83 0 0 0 0 -873 -40 -250 -1,349
30,000 -66 -145 -83 -41 0 0 0 -673 -124 -250 -1,316
35,000 1,675 -141 -83 -116 -170 0 0 -323 -124 -250 -1,208 -72.1
40,000 3,325 -138 -83 -116 -370 0 0 -323 -29 0 -1,059 -31.8
50,000 6,425 -138 -83 -116 -770 0 0 -323 0 0 -1,430 -22.3
60,000 9,549 -138 -83 -141 -1,170 0 0 -323 0 0 -1,855 -19.4
75,000 14,738 -145 -87 -196 -1,292 -25 -405 -305 0 0 -2,454 -16.7
100,000 22,351 -145 -87 -196 -1,292 -387 -1,155 0 0 0 -3,262 -14.6
125,000 29,963 -145 -87 -196 -1,292 -750 -1,155 0 0 0 -3,624 -12.1

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical Two-Earner Family of Four
Impact in 2001 of the October Statement and the 2000 Budget


Total income Federal tax pre-2000 budget Reduce 17% rate to 16% Increase personal amounts to  $7,412 and  $6,294 Increase brackets to  $30,754 and  $61,509 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Other indexation Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $  $  $  $ %
15,000 -4,358 0 0 0 0 0 0 -794 -40 -250 -1,084
20,000 -4,299 -3 -56 0 0 0 0 -794 -40 -250 -1,143
25,000 -3,663 -41 -87 0 0 0 0 -794 -40 -250 -1,211
30,000 -2,382 -86 -87 0 0 0 0 -907 -40 -250 -1,370
35,000 -595 -126 -45 0 0 0 0 -767 -124 -250 -1,313
40,000 783 -168 -90 0 0 0 0 -315 -124 -250 -947
50,000 3,131 -257 -90 -41 0 0 0 -315 0 0 -702 -22.4
60,000 5,753 -290 -90 -116 -210 0 0 -315 0 0 -1,021 -17.7
75,000 9,750 -343 -90 -116 -570 0 0 -315 0 0 -1,434 -14.7
100,000 15,708 -398 -90 -257 -1,280 0 0 0 0 0 -2,025 -12.9
125,000 22,816 -408 -92 -312 -1,802 -75 -405 0 0 0 -3,093 -13.6

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical Single Individual
Impact in 2001 of the October Statement and the 2000 Budget


Total income Federal tax pre-2000 budget Reduce 17% rate to 16% Increase personal amounts to  $7,412 and  $6,294 Increase brackets to  $30,754 and  $61,509 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Other indexation Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $  $  $  $ %
10,000 129 -23 -45 0 0 0 0 0 -5 -125 -198
15,000 886 -70 -45 0 0 0 0 0 -20 -125 -260 -29.3
20,000 1,677 -117 -45 0 0 0 0 0 -20 -125 -306 -18.3
25,000 2,468 -163 -45 0 0 0 0 0 -20 -125 -353 -14.3
30,000 3,500 -205 -45 -41 0 0 0 0 -105 -125 -521 -14.9
35,000 4,841 -202 -45 -116 -170 0 0 0 0 0 -533 -11.0
40,000 6,087 -199 -45 -116 -370 0 0 0 0 0 -730 -12.0
50,000 8,687 -199 -45 -116 -770 0 0 0 0 0 -1,130 -13.0
60,000 11,311 -199 -45 -141 -1,170 0 0 0 0 0 -1,555 -13.7
75,000 15,819 -209 -47 -196 -1,292 -75 -405 0 0 0 -2,223 -14.1
100,000 23,432 -209 -47 -196 -1,292 -438 -1,155 0 0 0 -3,335 -14.2
125,000 31,044 -209 -47 -196 -1,292 -800 -1,155 0 0 0 -3,698 -11.9

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical Single Parent With One Child
Impact in 2001 of the October Statement and the 2000 Budget


Total income Federal tax pre-2000 budget Reduce 17% rate to 16% Increase personal amounts to  $7,412 and  $6,294 Increase brackets to  $30,754 and  $61,509 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Other indexation Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $  $  $  $ %
10,000 -2,691 0 0 0 0 0 0 -405 -33 -250 -688
15,000 -2,691 0 0 0 0 0 0 -405 -33 -250 -688
20,000 -2,104 -22 -83 0 0 0 0 -397 -33 -250 -785
25,000 -1,407 -62 -83 0 0 0 0 -406 -33 -250 -834
30,000 -61 -109 -83 0 0 0 0 -436 -37 -250 -915
35,000 1,537 -141 -83 -116 -10 0 0 -255 -118 -250 -973 -63.3
40,000 3,157 -138 -83 -116 -210 0 0 -157 -117 -250 -1,072 -33.9
50,000 6,007 -138 -83 -116 -610 0 0 -157 0 0 -1,105 -18.4
60,000 8,857 -138 -83 -116 -1,010 0 0 -157 0 0 -1,505 -17.0
75,000 13,520 -145 -87 -196 -1,258 0 -285 -142 0 0 -2,113 -15.6
100,000 21,133 -145 -87 -196 -1,292 -329 -1,035 0 0 0 -3,084 -14.6
125,000 28,745 -145 -87 -196 -1,292 -692 -1,155 0 0 0 -3,566 -12.4

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical One-Earner Family of Four
Impact in 2001 of the October Statement


Total income 2001 federal tax pre-Statement Reduce 17% rate to 16% Reduce 24% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $ %
15,000 -5,140 -4 0 0 0 -200 -250 -454
20,000 -4,349 -51 0 0 0 -200 -250 -501
25,000 -2,796 -97 0 0 0 -229 -250 -576
30,000 -715 -144 0 0 0 -274 -250 -668
35,000 1,012 -148 -85 0 0 -62 -250 -545 -53.9
40,000 2,658 -145 -185 0 0 -62 0 -392 -14.7
50,000 5,587 -145 -385 0 0 -62 0 -592 -10.6
60,000 8,487 -145 -585 0 0 -62 0 -792 -9.3
75,000 13,511 -145 -615 0 -405 -62 0 -1,227 -9.1
100,000 21,104 -151 -640 -70 -1,155 0 0 -2,015 -9.5
125,000 28,644 -151 -640 -360 -1,155 0 0 -2,305 -8.0

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical Two-Earner Family of Four
Impact in 2001 of
the October Statement


Total income 2001 federal tax pre-Statement Reduce 17% rate to 16% Reduce 24% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $ %
15,000 -4,992 0 0 0 0 -200 -250 -450
20,000 -4,992 0 0 0 0 -200 -250 -450
25,000 -4,389 -35 0 0 0 -200 -250 -485
30,000 -3,206 -81 0 0 0 -216 -250 -547
35,000 -1,274 -123 0 0 0 -260 -250 -633
40,000 311 -162 0 0 0 -62 -250 -475
50,000 2,747 -255 0 0 0 -62 0 -318 -11.6
60,000 5,196 -296 -105 0 0 -62 0 -463 -8.9
75,000 9,012 -349 -285 0 0 -62 0 -697 -7.7
100,000 14,738 -415 -640 0 0 0 0 -1,055 -7.2
125,000 21,413 -415 -870 0 -405 0 0 -1,690 -7.9

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical Single Individual
Impact in 2001 of the October Statement


Total income 2001 federal tax pre-Statement Reduce 17% rate to 16% Reduce 24% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $ %
10,000 77 -21 0 0 0 0 -125 -146
15,000 818 -67 0 0 0 0 -125 -192 -23.5
20,000 1,609 -114 0 0 0 0 -125 -239 -14.8
25,000 2,400 -160 0 0 0 0 -125 -285 -11.9
30,000 3,310 -207 0 0 0 0 -125 -332 -10.0
35,000 4,603 -211 -85 0 0 0 0 -296 -6.4
40,000 5,749 -208 -185 0 0 0 0 -393 -6.8
50,000 8,149 -208 -385 0 0 0 0 -593 -7.3
60,000 10,549 -208 -585 0 0 0 0 -793 -7.5
75,000 14,824 -208 -615 0 -405 0 0 -1,227 -8.3
100,000 22,217 -216 -640 -110 -1,155 0 0 -2,120 -9.5
125,000 29,757 -216 -640 -400 -1,155 0 0 -2,410 -8.1

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical Single Parent With One Child
Impact in 2001 of the October Statement


Total income 2001 federal tax pre-Statement Reduce 17% rate to 16% Reduce 24% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $100,000 Enhance Canada Child Tax Benefit Provide heating expense relief Total relief1 Total relief as a % of federal tax2

 $  $  $  $  $  $  $  $  $ %
10,000 -3,029 0 0 0 0 -100 -250 -350
15,000 -3,029 0 0 0 0 -100 -250 -350
20,000 -2,523 -17 0 0 0 -100 -250 -367
25,000 -1,834 -57 0 0 0 -100 -250 -407
30,000 -497 -104 0 0 0 -125 -250 -479
35,000 1,096 -148 -5 0 0 -129 -250 -531 -48.5
40,000 2,617 -145 -105 0 0 -31 -250 -531 -20.3
50,000 5,383 -145 -305 0 0 -31 0 -481 -8.9
60,000 8,033 -145 -505 0 0 -31 0 -681 -8.5
75,000 12,483 -145 -615 0 -285 -31 0 -1,076 -8.6
100,000 19,898 -151 -640 -23 -1,035 0 0 -1,848 -9.3
125,000 27,438 -151 -640 -313 -1,155 0 0 -2,258 -8.2

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

 

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Typical One-Earner Family of Four
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination


1997-1999 budget impacts the Statement and the 2000 budget tax reduction measures in 2004
Total income Federal tax pre-1997 budget Total relief1 Total relief as a % of federal tax2 Reduce 17% rate to 16% Increase personal amounts to  $8,000 and  $6,800 Increase brackets to  $35,000 and  $70,000 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $113,804 Enhance Canada Child Tax Benefit Other indexation Total relief1 Total relief as a % of federal tax3

 $  $  $ %  $  $  $  $  $  $  $  $  $ %
15,000 -2,959 -1,451 -9 -151 0 0 0 0 -1,099 -80 -1,340
20,000 -2,145 -1,475 -56 -258 0 0 0 0 -1,099 -80 -1,494
25,000 -922 -1,102 -102 -258 0 0 0 0 -1,512 -80 -1,953
30,000 431 -497 -145 -258 -41 0 0 0 -1,407 -251 -2,102
35,000 2,209 -534 -24.2 -141 -258 -541 0 0 0 -626 -251 -1,818
40,000 3,896 -572 -14.7 -138 -258 -541 -200 0 0 -676 -155 -1,969 -59.2
50,000 7,074 -650 -9.2 -138 -258 -541 -600 0 0 -776 0 -2,314 -36.0
60,000 10,278 -728 -7.1 -138 -258 -566 -1,000 0 0 -876 0 -2,838 -29.7
75,000 15,425 -687 -4.5 -145 -271 -909 -1,443 0 -150 -1,009 0 -3,927 -26.6
100,000 23,255 -904 -3.9 -145 -271 -909 -1,470 -336 -900 -9 0 -4,040 -18.1
125,000 31,085 -1,122 -3.6 -145 -271 -909 -1,470 -698 -1,314 0 0 -4,808 -16.0

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets.

 

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Typical Two-Earner Family of Four
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination


1997-1999 budget impacts the Statement and the 2000 budget tax reduction measures in 2004
Total income Federal tax pre-1997 budget Total relief1 Total relief as a % of federal tax2 Reduce 17% rate to 16% Increase personal amounts to  $8,000 and  $6,800 Increase brackets to  $35,000 and  $70,000 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $113,804 Enhance Canada Child Tax Benefit Other indexation Total relief1 Total relief as a % of federal tax3

 $  $  $ %  $  $  $  $  $  $  $  $  $ %
15,000 -3,148 -1,210 0 0 0 0 0 0 -1,078 -80 -1,158
20,000 -2,839 -1,460 -3 -56 0 0 0 0 -1,078 -80 -1,217
25,000 -2,184 -1,479 -41 -270 0 0 0 0 -1,078 -80 -1,469
30,000 -1,131 -1,251 -86 -270 0 0 0 0 -1,503 -80 -1,940
35,000 -26 -569 -126 -139 0 0 0 0 -1,459 -209 -1,933
40,000 1,289 -506 -39.2 -168 -278 0 0 0 0 -839 -251 -1,536
50,000 3,685 -554 -15.0 -257 -278 -41 0 0 0 -689 0 -1,266 -40.4
60,000 6,371 -618 -9.7 -290 -278 -541 -40 0 0 -789 0 -1,939 -33.7
75,000 10,376 -626 -6.0 -343 -278 -541 -400 0 0 -939 0 -2,502 -25.7
100,000 16,415 -708 -4.3 -398 -278 -957 -1,000 0 0 -34 0 -2,666 -17.0
125,000 23,738 -922 -3.9 -408 -285 -1,450 -1,810 -28 -150 0 0 -4,130 -18.1

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets.

 

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Typical Single Individual
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination


1997-1999 budget impacts the Statement and the 2000 budget tax reduction measures in 2004
Total income Federal tax pre-1997 budget Total relief1 Total relief as a % of federal tax2 Reduce 17% rate to 16% Increase personal amounts to  $8,000 and  $6,800 Increase brackets to  $35,000 and  $70,000 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $113,804 Enhance Canada Child Tax Benefit Other indexation Total relief1 Total relief as a % of federal tax3

 $  $  $ %  $  $  $  $  $  $  $  $  $ %
10,000 259 -130 -50.2 -23 -139 0 0 0 0 0 -9 -172
15,000 1,040 -154 -14.8 -70 -139 0 0 0 0 0 -40 -249 -28.1
20,000 1,855 -178 -9.6 -117 -139 0 0 0 0 0 -40 -296 -17.6
25,000 2,669 -201 -7.5 -163 -139 0 0 0 0 0 -40 -342 -13.9
30,000 3,726 -226 -6.1 -205 -139 -41 0 0 0 0 -211 -596 -17.0
35,000 5,104 -263 -5.2 -202 -139 -541 0 0 0 0 -61 -943 -19.5
40,000 6,387 -301 -4.7 -199 -139 -541 -200 0 0 0 0 -1,079 -17.7
50,000 9,065 -379 -4.2 -199 -139 -541 -600 0 0 0 0 -1,479 -17.0
60,000 11,769 -458 -3.9 -199 -139 -566 -1,000 0 0 0 0 -1,903 -16.8
75,000 16,413 -594 -3.6 -209 -146 -909 -1,470 -28 -150 0 0 -2,912 -18.4
100,000 24,243 -811 -3.3 -209 -146 -909 -1,470 -390 -900 0 0 -4,024 -17.2
125,000 32,073 -1,029 -3.2 -209 -146 -909 -1,470 -753 -1,314 0 0 -4,801 -15.5

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets.

 

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Typical Single Parent With One Child
Impact in 2004 of the October Statement and All Budgets Since Deficit Elimination


1997-1999 budget impacts The Statement and the 2000 budget tax reduction measures in 2004
Total income Federal tax pre-1997 budget Total relief1 Total relief as a % of federal tax2 Reduce 17% rate to 16% Increase personal amounts to  $8,000 and  $6,800 Increase brackets to  $35,000 and  $70,000 Reduce 26% rate to 22% Eliminate surtax Reduce 29% rate to 26% for incomes up to  $113,804 Enhance Canada Child Tax Benefit Other indexation Total relief1 Total relief as a % of federal tax3

 $  $  $ %  $  $  $  $  $  $  $  $  $ %
10,000 -2,168 -523 0 0 0 0 0 0 -567 -66 -633
15,000 -2,023 -668 0 0 0 0 0 0 -567 -66 -633
20,000 -1,402 -703 -22 -258 0 0 0 0 -545 -66 -892
25,000 -684 -722 -62 -258 0 0 0 0 -554 -66 -941
30,000 628 -689 -109 -258 0 0 0 0 -780 -70 -1,217
35,000 1,949 -411 -21.1 -141 -258 -141 0 0 0 -650 -237 -1,428 -92.9
40,000 3,606 -449 -12.4 -138 -258 -541 -40 0 0 -307 -236 -1,521 -48.2
50,000 6,534 -527 -8.1 -138 -258 -541 -440 0 0 -357 0 -1,735 -28.9
60,000 9,462 -605 -6.4 -138 -258 -541 -840 0 0 -407 0 -2,185 -24.7
75,000 14,172 -652 -4.6 -145 -271 -894 -1,400 0 -30 -467 0 -3,208 -23.7
100,000 22,002 -870 -4.0 -145 -271 -909 -1,470 -278 -780 0 0 -3,853 -18.2
125,000 29,832 -1,087 -3.6 -145 -271 -909 -1,470 -640 -1,314 0 0 -4,750 -16.5

1 Negative values indicate a reduction in net personal income tax paid to the federal government or an increase in federal refundable credits (i.e. the Canada Child Tax Benefit and the goods and services tax credit).

2 Where individuals and families receive more in federal refundable credits than they pay in federal personal income tax, they pay no net federal personal income tax. A dash indicates that percentage tax relief cannot be calculated.

3 Percentages are based on federal tax after the 1997, 1998 and 1999 budgets.

 

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Changes to the Components of the Canada Child Tax Benefit


Maximum benefit
As of July 1996 As of July 20012
per Budget 2000
As of July 20012
per Statement
As of July 20045

(dollars, unless otherwise indicated)
Base benefit
Basic amount 1,020 1,117 1,117 1,187
Additional benefit for third child 75 78 78 83
Additional benefit for children under 7 years 213 221 221 235
Phase-out rates 2.5% / 5% 2.5% / 5% 2.5% / 5% 2% / 4%
NCB supplement
First child 5001 1,1553 1,2554 1,333
Second child 9553 1,0554 1,121
Third child 8803 9804 1,041
Total benefit
First child 1,520 2,272 2,372 2,520
Second child 1,020 2,072 2,172 2,308
Third child 1,095 2,075 2,175 2,311

1 In 1996, there was no NCB supplement but there was a Working Income Supplement (WIS) of up to  $500 available to low-income families. Prior to 1997, the WIS was provided on a family basis and not on a per-child basis.

2 For 2001, an indexation factor of 2.5 per cent is assumed. Indexation is calculated based on the benefits excluding the extra amount to compensate for the value of indexation for January to June 2000.

3 Increase of  $200 per child, including indexation, from the scheduled July 2000 levels in the 1999 budget.

4 Increase of  $100 per child, including indexation, from the scheduled July 2001 levels in the 2000 budget.

5 An average annual indexation factor of 2.1 per cent is assumed over five years.

 

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Changes to the Income Thresholds of the Canada Child Tax Benefit


As of July 19961 As of July 20012
per Budget 2000
As of July 20012
per Statement
As of July 2004

(dollars)

Base benefit 25,921 30,754 32,000 35,000
NCB supplement
  Start phase-out 20,921 21,744 21,744 23,0983
  End phase-out 25,921 30,754 32,000 35,000

1 In 1996, there was no NCB supplement but there was a Working Income Supplement of up to $500 per family available to low-income families.

2 For 2001, an indexation factor of 2.5 per cent is assumed.

3 An average indexation factor rate of 2.1 per cent is assumed.

 

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