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Lower incomes exempt from health-care levy$ J- L5 r2 S! |1 q. \* C/ K4 x ~
8 L" g* ^7 F u# [1 i8 LHowever, 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.
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3 n" f# L% B1 u3 s% W7 hPeople who make under $50,000 a year in taxable income will be exempt.
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g ?( t. A9 m; C% SFor 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 $130,000 a year. The payments will be deducted from people’s paycheques and will not be paid by employers., i5 }. G9 S! L, `( n
4 |$ ~ E2 U. }# ^By 2016-17, the first year the levy will be in place for the entire year, government will take in $530 million.1 d% H8 @: X% f- D+ {0 k( e2 j
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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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