So it's better than the F.S.T. which everyone agrees was bad. I think the G.S.T. is better than income tax and if income tax was eliminated, I'd go along with it.
G.S.T. Cut Ineffective
- Thread starter FiveParadox
- Start date
So it's better than the F.S.T. which everyone agrees was bad. I think the G.S.T. is better than income tax and if income tax was eliminated, I'd go along with it.
The GST cuts were optic politics not intended as a saving for the working poor or the lower-income middle class. If a couple earnt $50 000 and spent $20 000 (remember food and housing would not be affected) on items subject to the GST, the 2% cut is only a little over a loonie a day in extra disposable income. Do you think the 2% was passed on to consumers by the oil companies, etc?
GST was brought in by the Conservatives to pay down the national debt but the promise breaker Conservatives to keep it for themselves.
The new Conservative government cut two percent of the GST but the five remaining percent never went into the national debt.
The new Conservative government cut two percent of the GST but the five remaining percent never went into the national debt.
Just curious...what prices went down because of the GST which replaced the MST.
Also why is introducing a tax on services not considered another tax?
Just about everything. The company I work for (which shall remain nameless) sold widgets which they bought for $1000 + $130 mst. The markup was 100% so they sold the widgets for $2260. When the GST came in, they bought the widget for $1000 + $70 gst. Since the GST was payable at the retail level, the company marked up the $1000 only and added the GST for a total of $2140 or a 5% reduction in sale price.
Semantics.
If the government really cared about reducing prices, they would force stores to include the gst in the sticker price. Than those $9.99 things would cost $9.99 instead of $10.59+.
One of the most pleasant things in Europe is knowing exactly how much you will pay for something when you pick it up, and knowing at the same time (because it is clearly displayed) how much of it is tax.
What has the gst reduction done except increase the deficit?
One of the most pleasant things in Europe is knowing exactly how much you will pay for something when you pick it up, and knowing at the same time (because it is clearly displayed) how much of it is tax.
What has the gst reduction done except increase the deficit?
The GST cut is effective in one way, and one way only.....it shows the Conservatives are actually capable of fulfilling an election promise.......
The GST is a far better system. NO doubt.
If I remember correctly the MST had different rates on different items. We used to put trailer hitches on vehicles and the tax system was bizarre. Lots of ways to cheat on it too. (legally) If you wanted a tow hitch built and installed , the MST applied to the whole thing. So we would sell the customer the metal (no MST)but PST, then charge him to build the hitch and there was no MST and at that time there was no PST on shop labour. There was a bunch of other weird things that I have forgotten about now.
Anyway as taxes go consumption taxes are much better than income tax. I consider income tax as a tax on ambition since the more you work the higher they tax you. Overtime should be tax free to encourage productivity.
Niflmir If the government really cared about reducing prices, they would force stores to include the gst in the sticker price. Than those $9.99 things would cost $9.99 instead of $10.59+.
Niflmir's quote above is a bit incorrect. The last time I calculated 5% tax on $9.99 it came to $10.49, not $10.59. Should the end price be stated to include the GST, then the end price would be $10.49. Take out the GST from $10.49 you get $9.99, which I think is the same price that the retailer wanted in the first place.
Niflmir's quote above is a bit incorrect. The last time I calculated 5% tax on $9.99 it came to $10.49, not $10.59. Should the end price be stated to include the GST, then the end price would be $10.49. Take out the GST from $10.49 you get $9.99, which I think is the same price that the retailer wanted in the first place.
Attention: Cannuk. I do not read the language that you put on the bottom of your comments: See follows. Can you advise what language this is and what it is supposed to say?
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He said "an" doesn't mean all.
Most parties fulfill at least one, the Libs promised jobs jobs jobs and delivered.
Any GST reduction is meant to benefit the wealthy only.
Quoting Citizen from above, 2nd comment,
The savings to low/middle income earners will be negligible and it's incredible how many Canadians are falling for this scam of Harper's.
I do remember that the Lying Liberals wanted to increase the GST. I would like to understand how that would help the "low/middle income earners" that are being stomped on by lowering the GST.
Quoting Citizen from above, 2nd comment,
The savings to low/middle income earners will be negligible and it's incredible how many Canadians are falling for this scam of Harper's.
I do remember that the Lying Liberals wanted to increase the GST. I would like to understand how that would help the "low/middle income earners" that are being stomped on by lowering the GST.
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Lowering the GST has created a higher deficit and debt. What is the cost of that to low/middle income earners?