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Trudeau government to send $250 cheques to most people, slash GST on some goods (www.cbc.ca)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 days ago* (last edited 2 days ago) (1 children)

Ah, gotcha! 100%. I've had conversations with people who were convinced that by working a few extra hours or getting a raise would result in them netting an overall lower amount than of they hadn't - they didnt understand that the new tax bracket only applied to the money they made within that new bracket.

I see what you're saying though - the extra money isnt quite as much as it would be of you were in a lower bracket. That $10k raise might only net you $6k instead of $8k.

For what its worth, I'm all for that - I think the more you make the more you should contribute to society. But that's an entirely different discussion!

[–] [email protected] 2 points 2 days ago

I agree, the more you make the more you should contribute. The problem is wages and brackets stayed the same while costs have gone up. Buying power has declined year over year.