Canadian Interest

Scrooged by Ottawa

December 28, 2004

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The federal government has been posting surpluses over the past 7 years to the tune of $60 billion. For fiscal 2004 alone, the surplus is projected at $9 billion. However, for the first time in 5 years, Canadians won’t see any tax savings in the new year.
Ottawa should give back some of its surpluses by:

  • Reducing Employment Insurance (EI) premiums for employers. Ottawa is sitting on EI overpayments of $45 billion, while businesses across the country are struggling with a soaring dollar.
  • Increasing the personal exemption to $15,000 as demanded by the Canadian Taxpayers Federation. Personally, I believe it is immoral to tax anyone earning a low-income approx. 15% of their income as our federal and provincial governments currently do.

Survey of Canadian Household Spending

December 14, 2004

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StatsCan report on 2003 Survey of Household Spending, reveals interesting information. It shows that our highest expenses are taxes (20%), housing (19%), transportation (14%) and food (11%). Our average spending increased 1% in 2003 compared to the previous year. The report suggests that most of the increased spending was on electronic gadgets like digital cameras, DVD players and cell phones.
Ottawa, given that our biggest expense is taxes, how about sharing some of those big surpluses with us, eh?

Canadian do-not-call registry

December 8, 2004

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Most of us are annoyed with dinnertime calls from telemarketers asking us to subscribe to newspapers, buy time-shares and myriad other things. And we’ve been jealous of American’s do-not-call registry, where millions of households have signed-up.

The Toronto Star (registration required) is reporting that the federal government is finally going to introduce legislation for a national do-not-call registry. Now, they should find a way to prevent annoying dinnertime doorknocks.