It's richly ironic that New Democrats, who laboured for years to shed the albatross of "socialism" so they could gambol like Liberals in the fields of electoral bliss, finally succeeded last weekend just when the word may no longer be cursed.
There is something almost quaint about the little ritual we go through every year at tax time.
Ordinary citizens diligently spend hours calculating their income and deductions and meticulously filling out forms, fearful of the probing eye and relentless reach of the tax man. At the same time, some of our richest citizens quietly park billions of dollars on faraway islands where the sun delightfully reaches but the tax man delightfully doesn't.
The reaction of the National Pensioners and Senior Citizens Federation (NPSCF) to this year's federal budget is disappointment. Every year prior to the budget our executive board presents a brief in Ottawa to the government. The brief is developed from membership resolutions to our annual national convention. Seniors and retirees in clubs and provincial organizations develop these throughout the year for the convention. In our brief, we also reference global and national studies done by the United Nations, the Senate of Canada, Statistics Canada, the Canadian Centre for Policy Alternatives, chartered banks and numerous non-governmental organizations. After all this effort by thousands of Canadians, the evidence is clear.
Agreement among economists on what constitutes Canada's middle class. It varies based on whether you look at family or individual income, provincial or national data, before or after tax. Here we look at median and total family income to get a sense of the range.
The median total income for all Canadian families. That's the dead centre of all family total income earned in Canada in 2010, meaning half earned more than $69,860 and half earned less. (Source)
$60,000 - $85,000