Canadian Personal Finance Blog

So, we now have figured out that the Government of Canada thinks little of the “traditional family” (IMHO), so let’s just ask another interesting question.

That’s a darn good question. If we go back to our happy calculations from our last set of Blogs:

1. Assume an income of $100K (yes, I keep choosing that number because it is easy for me)
2. All we need to compare is the income of a Single Person that makes $100K and someone with a spouse, right?
3. Assume this is Ontario (the good) of course.

Well if we look at how much a single person (who doesn’t do anything with their money except LIVE), the would pay approximately: $29,952.00

That is a lot of money, no matter how you slice it eh?

OK, if we now look at a married couple where one spouse makes $100K and their spouse or live in partner do not have enough income for the Tax folks to notice, they would pay: $28,219.00

So this says to me (and I could be mistaken), that my spouse who works very hard at home is worth: $1733.00

That is real money too guys (i.e. it’s money you aren’t paying in Tax, so it is REAL money). If I get paid every two weeks, that means my spouse is worth $66.00 per pay cheque.

That is not fair, now is it? My spouse’s labors to take care of our kids, the house and keep me from killing myself is worth $66.00 every two weeks? NO! That is not right.

Again my numbers are thanks to our friends at Quicktax.