Q-219 , 37th Parliament, 2nd session September 30, 2002, to November 12, 2003

Could the Minister of Finance confirm that if a Manitoba parent of three disabled children in a family with a total income of $35,000 was to earn an extra $1,000 working overtime in 2003, the following would be lost to taxes and clawbacks: (a) $220 in federal taxes; (b) $149 in provincial tax on taxable income; (c) $10 in clawback of Manitoba family tax reduction; (d) $50 in clawback of Goods and Services Tax credit; (e) $321 in clawback of National Child Benefit and Child Disability Benefit; (f) $50 in clawback Canada Child Tax Benefit; (g) $15 in Employment Insurance net of federal and provincial tax credit; (h) $36 in Canada Pension Plan net of federal and provincial tax credit; and (i) the total of the above being $851 which equals to an effective marginal tax rate of 85.1 per cent of the additional amount earned?