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Lower incomes exempt from health-care levy' [5 V3 ^: o1 M5 ]9 Q
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However, the government is taking measures to reduce the effects on lower income earners. Unlike the old health premiums that were killed in 2008, the new health-care contribution levy will be assessed according to income." d6 _; o) R& ^6 b% R* L
9 H: A; q/ K% u$ {: v; VPeople who make under $50,000 a year in taxable income will be exempt.6 e- ?% e# F, Z9 J- u6 Y; k; j/ W/ u' N
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For example, someone earning between $50,000 to $70,000 will pay a maximum of $200 a year. The amount will be capped at $1,000 a year for those earning over $130,000 a year. The payments will be deducted from people’s paycheques and will not be paid by employers.
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9 S8 F2 R+ c4 O# \% ?By 2016-17, the first year the levy will be in place for the entire year, government will take in $530 million.: U( G* P: I9 p$ H
' I: d, |2 J7 c4 l2 |; |7 RThe government is also introducing the new Alberta working family supplement, which will assist families that earn between $2,760 and $41,220 a year. A working family with one child will be eligible for a maximum credit of $1,100. The supplement will be paid in addition to the Alberta family employment tax credit, which has increased. |
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