Canadian Personal Finance Blog

Archive for April 25th, 2005

So, we now have figured out that the Government of Canada thinks little of the “traditional family” (IMHO), so let’s just ask another interesting question.

That’s a darn good question. If we go back to our happy calculations from our last set of Blogs:

1. Assume an income of $100K (yes, I keep choosing that number because it is easy for me)
2. All we need to compare is the income of a Single Person that makes $100K and someone with a spouse, right?
3. Assume this is Ontario (the good) of course.

Well if we look at how much a single person (who doesn’t do anything with their money except LIVE), the would pay approximately: $29,952.00

That is a lot of money, no matter how you slice it eh?

OK, if we now look at a married couple where one spouse makes $100K and their spouse or live in partner do not have enough income for the Tax folks to notice, they would pay: $28,219.00

So this says to me (and I could be mistaken), that my spouse who works very hard at home is worth: $1733.00

That is real money too guys (i.e. it’s money you aren’t paying in Tax, so it is REAL money). If I get paid every two weeks, that means my spouse is worth $66.00 per pay cheque.

That is not fair, now is it? My spouse’s labors to take care of our kids, the house and keep me from killing myself is worth $66.00 every two weeks? NO! That is not right.

Again my numbers are thanks to our friends at Quicktax.