Pickering Angels

GST cut question...

U

Uzo

Member
Jul 30, 2002
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with the new 1% reduction, will people that got the GST credit each year get the same?less?

I was wondering what the outcome is for those eligable
 
the big question is if the majority of us dont have any extra disposible income to begin with what the hell does a 1% cut do for us?
 
I'm expecting a small cut in every escort's rate - look for at least a dollar off or she's pocketing the difference herself.
 
swouwee said:
the big question is if the majority of us dont have any extra disposible income to begin with what the hell does a 1% cut do for us?
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Exactly. 1%! Who cares? At 1% I'm looking at saving about $4./wk. Geeesh... thanks so much Harper. Great!
 
Strongbeau said:
Let's look at it in real terms that we can understand.... $5/wk = $260/year. One extra date per year with your favourite girl. Is that worth it for you?
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Not only that but if you have a kid under six and you take transit to work theres an extra 6 bangs to be had right there.
 
the rebates do stay the same despite the cut, and yes 1% might not seem like alot on the surface, but think about how many times a day you buy stuff and are charged that, do that over a year and see the difference
 
but are the metropass savings retroactive? and how the hell do you produce reciepts?

This is all pending approval of the budget too correct?
 
Strongbeau said:
Let's look at it in real terms that we can understand.... $5/wk = $260/year. One extra date per year with your favourite girl. Is that worth it for you?
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Or 1 TERB party including dances. Got to like that!
 
swouwee said:
the big question is if the majority of us dont have any extra disposible income to begin with what the hell does a 1% cut do for us?
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Presumably if there is a 1% GST cut you will pay 1% less for your current purchases. So you will have 1% more to spend on new purchases. If you participate in the underground economy then you will not get any relief but then your already not paying taxes on purchase if that is the case.
 
Let us hear from the agencies: Who is reducing their fees come July 1?
 
The cut is garbage... just encourages people to spend more to try and get their money's worth, considering those who spend more anyways will get the biggest benefit out of it... would've been better to put it in income taxes... wouldn't encourage more spending, but you'd have more in your pocket based on what you make rather than what you spend.
 
Uzo said:
but are the metropass savings retroactive? and how the hell do you produce reciepts?

This is all pending approval of the budget too correct?
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The transit credit will start in July.
 
I would hazard to say that the general public won't see a penny of this reduction. Why?

When the FST was removed and replaced by the GST all prices were supposed to drop by 13%. Speaking from direct knowledge (I was in Retail at the time) No price drops were realized because all retailers simply left their selling prices as is and simply added the GST at the register.

In this case I can see all retailers raising their prices unilaterally by 1%. Now it is so easy with all products being priced by UPC. Though they would have to replace all the shelf stickers but that cost would be offset by the increased profits within an hour.
 
I can see all retailers raising their prices unilaterally by 1%
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Why would they wait?
There's nothing stopping them from raising their prices by 1% immediately, except for competition.
Oh yes, the same reason will be there July 1st.
 
prices should be going up soon more than 1% anyways as I see it. Higher enery costs will increase the price of production, the cost to ship products, etc....this all has to trickle down to the cost incurred by the consumer for goods...
 
So are higher costs a good thing or a bad thing? :rolleyes:
It's odd to read people wishing taxes would go up.
 
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