Thanks, Mr. Chairman. I was listening to Mr. Dolynny’s questions regarding the cost of living tax credit. I’ve been actually doing research on this the last few weeks. I was wondering if the department could explain not the theory but the actual cost of how we drive our numbers. In other words, if we raise it by $1,000, the tax credit, how does that directly or indirectly affect us on a dollar amount? Could the Minister or someone provide a clear example? Is it strictly dollar for dollar or is it based on percentage? Who eats what? Right now, it’s set at a rate that has basically stayed since its inception, since 1987, and it’s only had a bump a few years ago, I think… I was going to say 2005, but a few years ago. But that said, can you explain what it costs us and how it costs us, the money? Give me an example based on that $1,000. In other words, if the tax credit was raised by $1,000, is it dollar for dollar? What would we be eating as a government? Thank you.
Robert Hawkins on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 16th, 2015. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
February 15th, 2015
See context to find out what was said next.