I wrote this a long time ago, but I still agree that the single income family cannot compete financially with dual income families. The title is a little inflammatory but isn’t wrong, the Canadian Government Hates Single Income families (at least their policies do).
This is my assertion, and over the next few days and posts, I will put forward data that will show that through the Canadian tax system, the government is saying, “The traditional family is dead” (or maybe the “traditional family” is defined differently?)
Now before I put forward my case, let me also make the following statement:
- When I am saying single-income families, this is not some nutty tirade about women in the workplace, that is why I am saying single-income families (where 1 spouse stays at home with the kids, and one goes to work).
- This is not a tirade against any tax breaks or government funding that a single PARENT family might receive (I have way too much respect for the single PARENT families out there and the amount of work they have to do).
- This IS a tirade that I have been making for years, about how, because my wife stays at home to take care of the kids (her choice), I get penalized by the tax system.
Stay tuned over the next few days I will post my data (which is not anything earth-shattering, in fact, it is just me fooling around with Turbotax) and you can see how much more we single-income families are penalized.
What Can You Do?
If you agree with this, maybe you could pass it on to your member of parliament too? I have been sending this basic tirade every year and chewing the ear off any candidate that appears at my door about this as well (they don’t come by much anymore, I must be on some “Crazed Loon with Big Dog” list).
I must say this certainly is a very emotive title. Do you still feel the same way, almost 7 years latter?
Pretty much, there is still not a lot of breaks for families with a single major bread winner.
Yes I do as a matter of truth.