Canadians can expect more tax cuts: Flaherty
- Thread starter CTV News
- Start date
Tax cuts can never wholey be received as bad news.
i have two taxation beleifs.
1 is greed tax (effectively Gst like but at a much higher level) 20% but only on increase on production/aquisition cost, while removing all other forms of taxation. (not including service prices), still allowing donations for programs, and optional "subscriptions."
my other socialist side is managing all finances internally but providing the best social services that are wealth generating for the community as a whole.
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since I'm poor in canada tax cuts for the poor can't al be that bad.. however how they can do it other then increase the tax exempt ceiling doesn't make much sense.. although what he could do is...
"supliment housing" as a percentage tax deductable to people earning under say 19000 at say 10% of housing costs...
or
supliment food at say the same way.. or both. that will probably reduce those in poverties tax drastically. (as we know gst cuts only benifit those with money.. but imo social programs should be provincial anyway. (until the provinces are disovled into a central government, rather than federation)
my uneducated comment:
with autosector going down (even though canada's economy is remaining strrong in the g7)will be more gravitated toa micro recession in the us, this will hit canada in way of interest rate hikes, dollar to dollar parity may stay ok but due to posible bottoming of the gas prices over the next month will see the canadian positioned weakoned.. but i could be wrong.
i have two taxation beleifs.
1 is greed tax (effectively Gst like but at a much higher level) 20% but only on increase on production/aquisition cost, while removing all other forms of taxation. (not including service prices), still allowing donations for programs, and optional "subscriptions."
my other socialist side is managing all finances internally but providing the best social services that are wealth generating for the community as a whole.
----------
since I'm poor in canada tax cuts for the poor can't al be that bad.. however how they can do it other then increase the tax exempt ceiling doesn't make much sense.. although what he could do is...
"supliment housing" as a percentage tax deductable to people earning under say 19000 at say 10% of housing costs...
or
supliment food at say the same way.. or both. that will probably reduce those in poverties tax drastically. (as we know gst cuts only benifit those with money.. but imo social programs should be provincial anyway. (until the provinces are disovled into a central government, rather than federation)
my uneducated comment:
with autosector going down (even though canada's economy is remaining strrong in the g7)will be more gravitated toa micro recession in the us, this will hit canada in way of interest rate hikes, dollar to dollar parity may stay ok but due to posible bottoming of the gas prices over the next month will see the canadian positioned weakoned.. but i could be wrong.
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