Quote:
Originally Posted by ReginaGuy
I guess the Sask. Party is vowing to refund up to 20,000 to graduates who stay in Saskatchewan.
This will most definately keep people in Saskatchewan, but won't it also bankrupt the province?!
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In tax deductions meaning one would have to pay at least $3,000 in Provincial taxes annually to get full benefit, with current graduate tax exemption it would be $4,000 for the first 4 years and $3,000 for the last 3. To pay $4,000 in tax a single person with no dependents would have to make almost $30,000 per year, assuming 15% provincial income tax. Sounds good if your walking into a good job right after grad, but it doesn't deal with the affordability on the front end, a $1k deduction in tuition does more affordability and the income threshold to take advantage of the $1,000 graduate exemption currently in place is less then $10,000 ensuring every gets full advantage of it.
It seems that Wall thinks tax cuts could cure cancer. Tax breaks are nice but are not the biggest burden on most people, government should look to give reasonable relief in areas that effect the most people. Tax deductions do not fully meet that requirement and should be combined with reductions in fees and/or grants and funding.