Tax Cuts
 

1% off GST, larger initial non-taxable income band. Party time?

Re: Tax Cuts
 

Thanks for telling me. I shall dance naked until dawn.

Re: Tax Cuts
 

I wouldn't think so.

1% cut in the GST amounts to very little savings for the average person.

The rest don't amount to much either.

But then any little bit helps. ;)

Re: Tax Cuts
 

Link on this subject.
http://www.theglobeandmail.com/servl...ertyupdate1030

Re: Tax Cuts
 

Apparently, there will still be a budget surplus in the billions.

Re: Tax Cuts
 

<shudders at the thought>

Re: Tax Cuts
 

This means about $400 extra on the average Canadian's income. Now if they abolished GST I shudder to think what dbd33 would do...

Re: Tax Cuts
 

GST is actually profitable for me. The simplified accounting method means that I collect n% and send the government n-2% (or thereabouts). We also get some sort of GST credit on the personal income tax for being poor so, all in all, a cut in GST is a cut in income. Fortunately the amounts are small so it doesn't really matter either way.

Re: Tax Cuts
 

Dont you always at Halloween?

Re: Tax Cuts
 

So they could spend some money on healthcare???

Re: Tax Cuts
 

It's that or sacrifice a virgin and there's few of them in this house.

Re: Tax Cuts
 

I've yet to find a government of any type that does not give with one hand and take with the other. :thumbdown:

Re: Tax Cuts
 

Tax cuts, the mark of a desperate government

Re: Tax Cuts
 

I reckon that you reckon that yer average Canadian earns $40K. Maybe true, but I pity the average Canadian.

The GST cut (or the equivalent revenue) could've been better used in urban infrastructure development, childcare investment, or ... a bunch of other stuff.

You'll have difficulty finding an economist (sorry Howard, an Economist), who thinks this was a good idea.

Re: Tax Cuts
 

Do you pity dbd33? Not only does he appear to be existing on less than $40K (with his GST rebate) he will also be dancing naked soon...