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Only in Canada (pg. 4)
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| EvilTree |
| quote: | Originally posted by Ania_xox
I smell fire... and I think it's your pants! :p |
i'm not wearing pants.
HAH! :p |
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| daves |
| quote: | Originally posted by 7-4-7
this is six and 1/2 dozen of the other.
I cant tell you how excited I am to know that I am shaving somewhere between 2 - 60 cents off of my years average purchases.
But I guess if you are rich/financially comfortable beyond the average Canadian you can now afford even better and more expensive extravagances that further divide you from the rest.....Heres to saving 7 cents for every can of food for the poor shopper!
Happy New Year,
Hippie. |
this. |
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| Swamper |
I think the cut is stupid since it's a cut based on consumption - would've helped everyone if this just went into an income tax break instead. I think it would've been better to keep that 1% and use that to fund things that would help offset the current/pending hit on manufacturing/tourism as a result of the exchange rate (Just one idea...)
There is also the administrative/accounting headaches this change forces - I lol'd when I saw my receipt from Canadian Tire showing GST 7% 0.00 underneath the GST 6% amount and at the bottom stating that they need to include that line in there for their accounting systems. |
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| malek |
Between paying down the debt and spending on infrastructures with surpluses, I choose spending on infrastructures.
But since the (stupid) govt doesn't want to spend on infrastructures, I prefer he gives me back the money, as little as the amount is, I prefer to mismanage it than it being mismanaged in Ottawack. The more a govt has money, the more he'll waste it.
Also I would have prefered the federal transfering taxation points to provinces so they decided what to do with them as most provinces have trouble closing their budgets... but i guess it feels good for M. Harper to play Mr. Santa and reap credit for the next elections (watch out for that tax return cheque in March).
A 1% GST tax break isn't the best scenario, but I will take it anyways. |
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| MarkT |
| quote: | Originally posted by sixtysix
GST is down to 5%. And of course Canada will complain aobut it, theres too many hippies in Canada who love to hate anything associated with the conservatives. Of course hippies don't want to see tax cuts because they want more tax to pay their unemployement. |
this "hippy" would prefer that the gov't keep the billions in revenue and use it to benefit everyone.
saving the rich consumers of our society 1% in GST isn't helping very many people.
this has been rehashed to death...but when you remove rent/mortgage, groceries and tuition from the equation (since none of those are GST taxable), you'll see that the vast majority of people will save relatively little money from a 1% GST reduction.
1% GST reduction on $30,000 (far more than what the average FAMILY will spend on GST taxable items in a year) = $300 savings over the course of a YEAR.
Stats to back up how LITTLE this cut means for Canadians:
http://www.fraserinstitute.org/Comm...e.aspx?nid=4179
So the average FAMILY earned ~$63k BEFORE income tax was deducted. So take income taxes off. Then subtract mortgage or rent (non-GST taxable) and then subtract most groceries (non-GST taxable). i.e. the average FAMILY has nowhere near the 30k I used in my example to spend per year on GST taxable items. So the average FAMILY isn't saving anything near $300/year.
so if you're happy with "a few extra bucks" in your pocket each week (literally), great...but the CPC and fans of this GST cut can off if they think that the cut puts any significant sum back into most people's pockets.
wouldn't that money be better spent paying down our debt or investing in our decaying infrastructure? I'd also rather see it spent on programs than see a *consumption* tax cut. |
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| jonnystel |
| Nice!!!! .. thats the first time im hearing of this too.. but its a start!! at least they are trying... ive never been to a country with more taxes and duties and customs then Canada.... but this doesnt matter anyways.. everything over hmm 300 bucks i buy from the states online anyways cuz you just cant .. beat the prices and it even makes sense to drive to buffalo and get it . |
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| EvilTree |
I'm curious to see why the outrage now?
This was one of key Conservative election promises, and I don't recall people getting their panties in knots back then. |
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| Moral Hazard |
| I can't believe some of you are just hearing about this NOW. IT WAS ANNOUNCED MONTHS AGO! Do you all live under in' rocks? Get your head out of your ass and read a newspaper once and a while. |
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| ItalianPoiSon |
| i wanna know where they took the money out of, to lower the taxes.... |
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| MarkT |
^^^ the CPC is running as big (or bigger) a surplus than the previous Liberal administration, IIRC when the figures last came out...?
| quote: | Originally posted by EvilTree
I'm curious to see why the outrage now?
This was one of key Conservative election promises, and I don't recall people getting their panties in knots back then. |
I don't know about others, but I ranted against the CPC's first GST cut...and if you do a search on here, you'll find me bitching about this 2nd one too, shortly after it was announced ;) |
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| EvilTree |
| quote: | Originally posted by MarkT
I don't know about others, but I ranted against the CPC's first GST cut...and if you do a search on here, you'll find me bitching about this 2nd one too, shortly after it was announced ;) |
no, I meant during the election time when Harper promised the GST cuts
and yes, I'm quite aware of your rants ;) |
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| malek |
MarkT you also forget that his base in Alberta pays only one tax and its the GST, so for them over there its a big deal to lower it from 7 to 5. (thats over 25% in GST reduction).
The alternative is that people vote for the Liberals, and with Mr. Clown Dion at its head, its not going to happen, or worse with Trudeau jr. |
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