The effectiveness of Prime Minister Stephen Harper’s proposed family tax plan has been called into question.
Harper said on Monday the plan would save 1.8 million families an average of $1,300 per year.
However, analysts are divided on the proposed initiative. Some say income-splitting would benefit only some families and exclude single parents.
Former Liberal and Conservative MP-turned investment adviser Garth Turner believes the plan is a family-friendly middle-class issue with a huge unfairness gap that will have to be addressed by politicians.
Legal experts believe that male breadwinners with high incomes have more to gain from income-splitting.
Senior citizens who currently benefit from income splitting will not be affected.