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Lower incomes exempt from health-care levy# q4 ]( }. X9 w/ z+ \" H+ ]3 c
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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.! ?( c6 |/ w5 g+ Y7 Y o% m# n
- H0 J+ y; W" a, F7 E z1 lPeople who make under $50,000 a year in taxable income will be exempt., @$ L5 a6 m2 z4 N; |
+ ]: b4 y" e4 L/ uFor 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 $130,000 a year. The payments will be deducted from people’s paycheques and will not be paid by employers., e7 s# g" Y, i! e$ C2 O1 W
. n T+ y& @; IBy 2016-17, the first year the levy will be in place for the entire year, government will take in $530 million.& ^9 ^0 F2 _! i5 J$ @' k
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The 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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