It is with great anticipation that I await the upcoming G.S.T. reduction by 1%. With this 1% savings I have many plan. Now I will be able to see my S.P. more often, I can take a vacation, I can buy a new car and move into a larger home. I can hardly wait for all the extra money in my pockets. What do you plan to do with the winfall?????
G.s.t. Reduction
- Thread starter clearwaterjim
- Start date
Winfall? Please tell me you're kidding. This big 1% will now allow me to change from Lakeport to Keith's... 
calloway said:Winfall? Please tell me you're kidding. This big 1% will now allow me to change from Lakeport to Keith's...
And tax relief as DELIVERED by the Liberals is why I switched to Lakeport in the first place (lakeport Honey now in Cans !!)
Too bad the Conservatives are clawing back the last income tax breaks to offset the GST cut. A little to much 'taking from Peter to give to Paul' on this one. The net result is negligible unless you were one of the rich who didn't qualify for the last income tax cut.
hyperbole
hyperbole
Isn't this what the socialists wanted? An Income tax deduction is always condemed as a tax break for the rich. This is the best possible way to ensure all people get a tax break. Income tax breaks only go to people who's incomes are taxed (The poor don't pay income tax). Everybody who buys goods is taxed on GST so when it drops 1% everybody gets a break. The only people missing out are those that buy things "under the table" and are not already paying tax on the purchase. By the way when the GST falls 1% you will be geting a tax rollback at the gas pump. It will be the only one so enjoy it.
shack said:
That is why I had to make the appointment for April 20, 2009. Guess the 1% reduction is not all that great afterall.
hyperbole said:
Exactly. The income tax break Harper is taking away would`ve saved the average Canadian $350 a year. With the 1% GST cut, you would have to spend $35,000 a year on taxable items to end up with more money under Harper`s plan. Just curious, how many of you spend $35,000 a year on taxable items?
The GST cut only benefits two groups: the very poor who don`t pay income tax and the extremely rich who spend more than most of us earn. Everybody in the middle class gets fucked.
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ottawasub said:
That can be accomplished if one purchases a vehicle, let alone a new house (if the rate cut is applied to new home purchases). I guess for those non-rich folk that are looking to purchase big asset to pay off over the next few years, a cut in the GST is a pretty good thing
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