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

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

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.

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

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

<shudders at the thought>

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

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.

Dont you always at Halloween?

So they could spend some money on healthcare???

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

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

Tax cuts, the mark of a desperate government

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.

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...