So huge, you wonder why it wasn’t the centrepiece of last week’s dead-on-arrival federal budget.

But the Family Tax Cut plan announced by Mr. Harper Monday in Saanich, B.C. wouldn’t come into effect until the federal budget is balanced, which could be years from now. Like pension splitting before it, splitting earned or other income for tax purposes would benefit only some families and be no help at all to singles, including single parents. To get the full benefit, even qualifying families would have to have a large income disparity between the higher and lower wage earners. Even then, a maximum of $50,000 of household income would be splittable for tax purposes .

. . .

In a blog Monday the Canadian Centre for Policy Alternatives (CCPA) cited Osgoode Hall Law School tax law expert to the effect [that] the biggest winners from income-splitting are higher-income male breadwinners: “A man can reduce his taxes by shifting them to the primary caregiver in the family, but he has no legal obligation to give her the actual income.”

The CCPA warns this “tax giveaway for affluent couples” will put a big dent in federal finances.

Posted by Elizabeth Monier-Williams, research communications officer, with files courtesy of YFile– 91ŃÇɫ’s daily e-bulletin

The post Professor Lisa Philipps notes one string attached to Harper's family tax cut plan appeared first on Research & Innovation.

Right: Jinyan Li

recognizes and honours Chinese Canadians who have made significant contributions to the community through outstanding achievement in their field. The other recipients for 2010 are Philip Lee, Manitoba's 24th lieutenant governor; Mingguang Lu, president of Wing On New Group Canada Inc.; Dr. Neville Poy, a retired Toronto surgeon and researcher; businessman Andrew W. Wong; and Songnian Zhou, CEO of Platform Computing Corporation.

This is the latest of several awards Li has received. Last year, the Federation of Chinese Canadian Professionals (Ontario) Education Foundation gave her an Award of Merit and she also received the CPAC Professional Achievement Award for Distinguished Professional Achievement from the Chinese Professionals Association of Canada.

Li served as interim dean of Osgoode Hall Law School from July 1, 2009 to June 30, 2010. She is currently chair of Osgoode Faculty Council and of the Faculty Recruitment Committee.

In 2004, she won an Osgoode Teaching Award and, in 2000, she received the Douglas J. Sherbaniuk Distinguished Writing Award from the Canadian Tax Foundation. Li, who became a full professor in 2006, has received numerous research grants, including two from the Social Sciences & Humanities Research Council of Canada. Her research interests include taxation law and policy, social security law, pension law and Chinese law.

Republished courtesy of YFile– 91ŃÇɫ’s daily e-bulletin

The post Osgoode Professor Jinyan Li receives 2010 Chinese Canadian Legend Award appeared first on Research & Innovation.