Tories back away from income splitting: report

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Tories back away from income splitting: report

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The government has signalled that there simply isn't enough room in the budget to include the measure that would allow Canadian couples to split their total income between them in order to minimize taxation.

"To do income splitting would be about $5 billion and it doesn't appear we have the fiscal room to move on that in this particular budget," a senior government official told The Globe and Mail.

The officials said both Prime Minister Stephen Harper and Finance Minister Jim Flaherty agree it's out of the question.

"The prime minister and the finance minister are both on the same page: They looked at the numbers and both came to the conclusion that income splitting is highly unlikely this year," the source said.
Read the rest of the flip flop here

Well that is no surprise.
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