Friday, June 28, 2013

Your Wallet Is About To Get A Lot Thinner

Tax increases go into effect as of Canada Day in the province because of the provincial budget. 

If you earn 30 thousand dollars a year, you will pay about $179 dollars more in provincial income tax and a single income earner making over 60 thousand will pay 796 dollars more. 

The Atlantic Director of the Canadian Taxpayers Federation Kevin Lacey tells Tide News this is a problem of the government's own making because of overspending.

The Taxpayers Federation would like to see a commitment from the Premier that once the provincial budget is balanced, these tax increases will be rolled back.