Family plan benefits $30K-$60K earners least, Report

Families earning a combined income of up to $120,000 in 2015 are expected to benefit the most from the Conservatives’ family tax relief plan.

The Finance Department’s own internal breakdown of the distribution of relief from the family package shows 68 per cent of the benefits — about two-thirds — will go to families that earn as much as $120,000 in 2015.

That family plan, including a controversial $2-billion-per-year income-splitting component, is expected to be a centrepiece of the Tories’ re-election campaign when Canadians head to the polls later this year.

The government’s figures show that 25 per cent of the relief will go to families that earn under $30,000 in 2015; 11 per cent to those earning between $30,000 and $60,000; 15 per cent between $60,000 and $90,000; and 17 per cent between $90,000 and $120,000.

Does a family earning $120,000 a year classify as middle class? Do you consider your family middle-class? What income bracket are we talking about?

Agencies/Canadajournal