Comments on: Federal Budget Highlights http://www.canadiancapitalist.com/federal-budget-highlights-2/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Federal-Budget » Federal Budget Spending and the National Debt http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-147845 Federal-Budget » Federal Budget Spending and the National Debt Mon, 11 Aug 2008 11:22:45 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-147845 [...] Comment on Federal Budget Highlights by Federal-Budget …Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the … [...] [...] Comment on Federal Budget Highlights by Federal-Budget …Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the … [...]

]]> By: Federal-Budget » DSC_063626924 - Ujjal DOSANJH & Alex STOJICEVIC http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-141265 Federal-Budget » DSC_063626924 - Ujjal DOSANJH & Alex STOJICEVIC Wed, 09 Jul 2008 21:19:58 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-141265 [...] Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the same time imposing a “green levy” of up to $4000 on gas-guzzling … [...] [...] Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the same time imposing a “green levy” of up to $4000 on gas-guzzling … [...]

]]> By: Federal-Budget » Learn to Engage in the Federal Budget Process http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-140138 Federal-Budget » Learn to Engage in the Federal Budget Process Wed, 02 Jul 2008 14:31:47 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-140138 [...] Comment on Federal Budget Highlights by Federal-Budget » Now it's …Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the … [...] [...] Comment on Federal Budget Highlights by Federal-Budget » Now it's …Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the … [...]

]]> By: Federal-Budget » Now it's your turn to balance the federal budget! http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-139848 Federal-Budget » Now it's your turn to balance the federal budget! Sun, 29 Jun 2008 14:49:59 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-139848 [...] Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the same time imposing a “green levy” of up to $4000 on gas-guzzling … [...] [...] Comment on Federal Budget Highlights by The Conservative Tax TrickIn Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2000 for the purchase of a new fuel-efficient automobile while at the same time imposing a “green levy” of up to $4000 on gas-guzzling … [...]

]]> By: The Conservative Tax Trick http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-137504 The Conservative Tax Trick Wed, 11 Jun 2008 03:55:21 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-137504 [...] In Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2,000 for the purchase of a new fuel-efficient automobile while at the same time imposing a “green levy” of up to $4,000 on gas-guzzling vehicles such as SUVs (but not trucks). In this year’s budget, they decided to scrap the green rebate, while keeping the green levy. It is hypocritical of the Conservatives to warn that we “better not fall for this trick”, when they themselves played a similar green trick on Canadians. [...] [...] In Budget 2007, the Tories introduced “a broadly revenue-neutral” rebate program that offered up to $2,000 for the purchase of a new fuel-efficient automobile while at the same time imposing a “green levy” of up to $4,000 on gas-guzzling vehicles such as SUVs (but not trucks). In this year’s budget, they decided to scrap the green rebate, while keeping the green levy. It is hypocritical of the Conservatives to warn that we “better not fall for this trick”, when they themselves played a similar green trick on Canadians. [...]

]]> By: 2007: A Retrospective http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-97519 2007: A Retrospective Mon, 31 Dec 2007 03:57:20 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-97519 [...] Federal Budget in March introduced major changes to RESPs and introduced a new child tax [...] [...] Federal Budget in March introduced major changes to RESPs and introduced a new child tax [...]

]]> By: Glenn Rittinger http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-25366 Glenn Rittinger Sat, 24 Mar 2007 00:40:36 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-25366 Did the trial balloon re income splitting for seniors pop? When I retired, gas was about - but usually under - $.60 per litre - now over $1.00, my health/life insurance was $139.00 per month - now over $400.00. Out of pocket health and dental last year - over $9,000.00. Yikes! - and I know we are better off than many other seniors.I appreciate what the minister has done but... How about a little more help, Mr Flaherty? Did the trial balloon re income splitting for seniors pop?
When I retired, gas was about – but usually under – $.60 per litre – now over $1.00, my health/life insurance was $139.00 per month – now over $400.00.
Out of pocket health and dental last year – over $9,000.00. Yikes! – and I know we are better off than many other seniors.I appreciate what the minister has done but…
How about a little more help, Mr Flaherty?

]]> By: Mike http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-24944 Mike Wed, 21 Mar 2007 00:07:03 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-24944 Just for the record, assuming any kind of return at all - you are better off front loading your contributions because the extra compounding time will make up for the lack of grants. ie contributing $4k/year for 9 years (and only getting half the grant) will give you a bigger pot than putting in $2k/year even though you get the full grant. Personally I'm not too worried about maxing the resp - it's a future obligation and I have quite a few current obligations to worry about. Just for the record, assuming any kind of return at all – you are better off front loading your contributions because the extra compounding time will make up for the lack of grants.

ie contributing $4k/year for 9 years (and only getting half the grant) will give you a bigger pot than putting in $2k/year even though you get the full grant.

Personally I’m not too worried about maxing the resp – it’s a future obligation and I have quite a few current obligations to worry about.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-24934 Canadian Capitalist Tue, 20 Mar 2007 21:49:37 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-24934 Alex: The short answer is yes. But you can only get a CESG of either $500 or $1000 depending on your grant room. And I believe you would also lose future CESG grants because you are now maxed out. Alex: The short answer is yes. But you can only get a CESG of either $500 or $1000 depending on your grant room. And I believe you would also lose future CESG grants because you are now maxed out.

]]> By: Alex http://www.canadiancapitalist.com/federal-budget-highlights-2/#comment-24933 Alex Tue, 20 Mar 2007 21:20:19 +0000 http://www.canadiancapitalist.com/2007/03/19/federal-budget-highlights-2#comment-24933 I'm a little bit confused when they say that the $4000 annual RESP contribution limit has been eleminated. What does this mean? If I have $50 000 now and never contributed to an RESP before, does it mean that I can (in theory) in one shot make $50 000 and never have to worry again about RESP until my child turns 18? thanks, Alex I’m a little bit confused when they say that the $4000 annual RESP contribution limit has been eleminated. What does this mean? If I have $50 000 now and never contributed to an RESP before, does it mean that I can (in theory) in one shot make $50 000 and never have to worry again about RESP until my child turns 18?

thanks,
Alex

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