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Lower incomes exempt from health-care levy5 f3 ~$ }5 x' T$ s* Z L. g2 u7 s
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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. H1 g' T3 g* g$ O- _/ P
: a5 m! |8 B+ n4 I, \/ Z4 g! d0 VPeople who make under $50,000 a year in taxable income will be exempt.3 b8 |+ M, r5 A: X( D+ |! r. z
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For 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.' o1 U' ^% V) L1 g: X# z! [
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By 2016-17, the first year the levy will be in place for the entire year, government will take in $530 million.
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1 |5 x( F1 E/ r' X& ^$ {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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