#1Jul 1st, 2006
Now this is my question. Does anyone think they are going to notice a difference?
1916 others browsing the Canadian Forums! Join us!Canada Day means GST cut
Now this is my question. Does anyone think they are going to notice a difference?
#2
RE: Canada Day means GST cut
Jul 1st, 2006
Taxes are death by a thousand cuts. If we can get government to continue to reduce all areas of taxation every little bit will add up to one large noticable difference.
#3
Re: Canada Day means GST cut
Jul 1st, 2006Quote: Originally Posted by JonB2004
I will find out in about twenty minutes or so. I purchased a package of cigarettes yesterday, and they cost me $7.01 after tax. I'm going to be purchasing another package today, and I'll report back if I notice a change.Today, Canada Day, is when the Conservative government's 1% reduction to the GST comes into effect. The GST is now at 6%.
Now this is my question. Does anyone think they are going to notice a difference?
Free Thinker
#4
RE: Canada Day means GST
Jul 1st, 2006
Sure they will, and all day I will have to watch people inspect their receipts to make sure that they saved that one percent. Morons. 
#5
Re: RE: Canada Day means GST
Jul 1st, 2006Quote: Originally Posted by LittleRunningGag
Hey, I'm one of those morons that just saved $0.07 on a pack of cigarettes. I don't know about you, but I'm one happy moron today! Sure they will, and all day I will have to watch people inspect their receipts to make sure that they saved that one percent. Morons.
#6
Re: RE: Canada Day means GST
Jul 1st, 2006Quote: Originally Posted by Simpleton
At 5 packs a day that adds up quick. Quote: Originally Posted by LittleRunningGagHey, I'm one of those morons that just saved $0.07 on a pack of cigarettes. I don't know about you, but I'm one happy moron today!Sure they will, and all day I will have to watch people inspect their receipts to make sure that they saved that one percent. Morons.
Free Thinker
#7
RE: Canada Day means GST
Jul 1st, 2006
Sorry, I'm just predicting my day at work. I guarantee that every single person on their way out will be examining and (attempting to) doing the math on just how much they saved.
But I'm bitter about humanity that way. Retail does that to you.
But I'm bitter about humanity that way. Retail does that to you.
#8
Re: RE: Canada Day means GST
Jul 1st, 2006Quote: Originally Posted by Kreskin
You know what they say... A penny saved, is a penny earned... And I just earned seven of them.Quote: Originally Posted by SimpletonAt 5 packs a day that adds up quick.Quote: Originally Posted by LittleRunningGagHey, I'm one of those morons that just saved $0.07 on a pack of cigarettes. I don't know about you, but I'm one happy moron today!Sure they will, and all day I will have to watch people inspect their receipts to make sure that they saved that one percent. Morons.
And I dutifully reported my savings here like a good $0.07 agent. The name's Ton... Simple... Ton!!!
#9
Re: RE: Canada Day means GST
Jul 1st, 2006Quote: Originally Posted by LittleRunningGag
Oh, you work in retail? Good for you. I work at home. Lots of long hard hours pumping out product, but it pays off if you stick to it and have a plan.Sorry, I'm just predicting my day at work. I guarantee that every single person on their way out will be examining and (attempting to) doing the math on just how much they saved.
But I'm bitter about humanity that way. Retail does that to you.
But you're probably right. When I went to the convenience store, I looked at the little display and said, "Oh! The price went down." The cashier there wasn't too impressed with my excitement, but I'm not trying to impress anyone.
#10
Re: Canada Day means GST cut
Jul 1st, 2006
Seven measly cents. Wow!
If the government really wanted to give out a tax cut, why didn't they just leave the lowest personal income tax rate at 15% instead of increasing it to 15.5%.
If the government really wanted to give out a tax cut, why didn't they just leave the lowest personal income tax rate at 15% instead of increasing it to 15.5%.
Conservative
#11
RE: Canada Day means GST cut
Jul 1st, 2006
First of all, the cut was the Conservatives fulfilling a campaign promise.......a new and exciting concept, wouldn't you agree?
Secondly, there is to be a second cut of one percent, thus eliminating abot 30% of the GST tax.
Thirdly, the lowest-income 25 percent of Canadians don't even pay income tax, so the .5% increase in income taxes means ABSOLUTELY nothing to them, while we all pay GST.
Secondly, there is to be a second cut of one percent, thus eliminating abot 30% of the GST tax.
Thirdly, the lowest-income 25 percent of Canadians don't even pay income tax, so the .5% increase in income taxes means ABSOLUTELY nothing to them, while we all pay GST.
Free Thinker
#12
Re: Canada Day means GST cut
Jul 1st, 2006
They don't generally pay a whole lot of GST either. You know, since necessities aren't taxed and most of what they spend their money on are necessities.
Oh, and anyone else see that newsletter from the CTF about 'sin taxes' increasing? Seems the Cons don't like us smoking or drinking.
But thats getting off topic.
Its twenty five minutes into my shift. No one has noticed yet, although I haven't actually talked to anyone so that may be why.
Oh, and anyone else see that newsletter from the CTF about 'sin taxes' increasing? Seems the Cons don't like us smoking or drinking.
But thats getting off topic.
Its twenty five minutes into my shift. No one has noticed yet, although I haven't actually talked to anyone so that may be why.
#13
Re: RE: Canada Day means GST cut
Jul 1st, 2006Quote: Originally Posted by Colpy
Not everybody pays GST! I hate when stephen harper goes on TV and says EVERYONE pays GST and EVERYONE will benefit. Not true! Those low-income people get a GST rebate...sure they may have to wait until the end of the year to get it, but they do get that money back. I make enough money to pay income taxes, but since all of my money goes to tuition/rent/food, I won't save much from the GST cut. I guess I'll save together all those extra pennies so I can use them to pay my income tax.First of all, the cut was the Conservatives fulfilling a campaign promise.......a new and exciting concept, wouldn't you agree?
Secondly, there is to be a second cut of one percent, thus eliminating abot 30% of the GST tax.
Thirdly, the lowest-income 25 percent of Canadians don't even pay income tax, so the .5% increase in income taxes means ABSOLUTELY nothing to them, while we all pay GST.
#14
RE: Canada Day means GST
Jul 1st, 2006
bunch of tinkerputt nonsense that may as well have been handed straight to the banks and probably should have been since at least that way it would have called markers.
Conservative
#15
Re: RE: Canada Day means GST cut
Jul 1st, 2006Quote: Originally Posted by gc
Low income people will STILL get the rebate.....I believe.Quote: Originally Posted by ColpyNot everybody pays GST! I hate when stephen harper goes on TV and says EVERYONE pays GST and EVERYONE will benefit. Not true! Those low-income people get a GST rebate...sure they may have to wait until the end of the year to get it, but they do get that money back. I make enough money to pay income taxes, but since all of my money goes to tuition/rent/food, I won't save much from the GST cut. I guess I'll save together all those extra pennies so I can use them to pay my income tax.First of all, the cut was the Conservatives fulfilling a campaign promise.......a new and exciting concept, wouldn't you agree?
Secondly, there is to be a second cut of one percent, thus eliminating abot 30% of the GST tax.
Thirdly, the lowest-income 25 percent of Canadians don't even pay income tax, so the .5% increase in income taxes means ABSOLUTELY nothing to them, while we all pay GST.
Conservative
#16
Re: RE: Canada Day means GST
Jul 1st, 2006Quote: Originally Posted by BitWhys
HUH?bunch of tinkerputt nonsense that may as well have been handed straight to the banks and probably should have been since at least that way it would have called markers.
#17
RE: Canada Day means GST cut
Jul 1st, 2006
The irony is that it's usually financially responsible individuals who appreciate the 1%. Those who already have their finances in order. As stated above: 'a penny saved is a peny earned'.
A reduction in taxes is a positive trend. Better than an increase. A federal surplus and decreased taxes would have been pie-in-the-sky 20 years ago.
A reduction in taxes is a positive trend. Better than an increase. A federal surplus and decreased taxes would have been pie-in-the-sky 20 years ago.
Free Thinker
#18
RE: Canada Day means GST
Jul 1st, 2006
You know who this is really going to hurt? Wait staff. Seriously, I know an awfully large number of people that calculate their tips by doubling the GST. Where does that leave the poor smucks depending on gratuities? Down two percent on their wages, thats where. :P
#19
RE: Canada Day means GST cut
Jul 1st, 2006
That's the lamest reason I've heard for not reducing taxes. It's odd how you know an awfully large number (what? 500?) who calculate a tip this way and I've never met any. My friends must just be math literate. hint. People left tips before there ever was a GST.
Free Thinker
#20
RE: Canada Day means GST
Jul 1st, 2006
Wow, and did the :P clue you in to that being a joke? No?
Maybe I have to work on my delivery...
Maybe I have to work on my delivery...
#21
Re: RE: Canada Day means GST cut
Jul 1st, 2006Quote: Originally Posted by Colpy
I assumed that the GST rebate will decrease proportionately. I could be wrong. I couldn't find any answers about this on the Canada Revenue Agency website. Anyone know the answer?
Low income people will STILL get the rebate.....I believe.
#22
Re: RE: Canada Day means GST
Jul 1st, 2006Quote: Originally Posted by Colpy
Novelty aside, its of no consequence.Quote: Originally Posted by BitWhysHUH?bunch of tinkerputt nonsense that may as well have been handed straight to the banks and probably should have been since at least that way it would have called markers.
Free Thinker
#24
RE: Canada Day means GST cut
Jul 1st, 2006
Minus food. Is rent / morgage taxed (if it is, its included in mine)? If not those two items are close to half of that $45,000.
Free Thinker
#26
RE: Canada Day means GST cut
Jul 1st, 2006
Average household spending in N.L.
What am I missing? Out of that 45, 12 is shelter, 7 is food. Neither of these are taxable through the GST (I'm not entirely sure about the shelter). That means that only 26,000 is being taxed so the average N.L family will save $250. A princely sum to be sure.
What am I missing? Out of that 45, 12 is shelter, 7 is food. Neither of these are taxable through the GST (I'm not entirely sure about the shelter). That means that only 26,000 is being taxed so the average N.L family will save $250. A princely sum to be sure.
#27
RE: Canada Day means GST
Jul 1st, 2006
LRG
The first column is Canada
Total expenditures 63,636
Less
Food 6,910
Shelter 12,200
Reading materials and other printed matter 283
Education 1,078
The first column is Canada
Total expenditures 63,636
Less
Food 6,910
Shelter 12,200
Reading materials and other printed matter 283
Education 1,078
#28
Re: RE: Canada Day means GST cut
Jul 1st, 2006Quote: Originally Posted by LittleRunningGag
You are correct, GST is not charged on rent. It is also not charged on used homes. I think it may be charged on new homes but I'm not sure exactly how it works. Also tuition is not taxed.Average household spending in N.L.
What am I missing? Out of that 45, 12 is shelter, 7 is food. Neither of these are taxable through the GST (I'm not entirely sure about the shelter). That means that only 26,000 is being taxed so the average N.L family will save $250. A princely sum to be sure.
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