OTTAWA – Examples of how the federal budget tax-relief measures affect different households for 2009:
Single person earning $40,000: Saves $115 in federal income taxes.
Single parent of two children, earning $35,000: Saves $66 in federal income taxes; child benefits increase by $436.
Married couple with two children, parents earn $45,000 and $85,000: Saves $483 in federal income taxes.
Married couple with two children, one parent earns $90,000: Saves $350 in federal income taxes; child benefits increase by $76.
Single senior earning $30,000: Saves $183 in federal income taxes (partly through increase in Age Credit).
One-or two-pension senior couple earning $40,000: Saves $366 in federal income taxes (partly through increase in Age Credit).
Retired couple, earning $65,000 and $20,000 in pension income: Save $631 in federal income taxes (partly through increase in Age Credit).
(Source: Finance Canada)
