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Lower incomes exempt from health-care levy* S \& {7 A& w P& N
; u- e" Q" P V9 q* DHowever, 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.+ K: u+ X7 j- B# S* w
7 w0 {3 G, u. ?+ jPeople who make under $50,000 a year in taxable income will be exempt.
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" t6 u/ I& x, p' lFor 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 $130,000 a year. The payments will be deducted from people’s paycheques and will not be paid by employers.! N% F- N: m1 I8 I# O! @$ O
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By 2016-17, the first year the levy will be in place for the entire year, government will take in $530 million.; s- s% n# q; L0 p' V. |1 [
# w: f8 ~, T# v) H5 xThe 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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