Comments on: This and That http://www.canadiancapitalist.com/this-and-that-13/ Helping you invest and prosper Sat, 11 Feb 2012 12:40:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-13/#comment-833 Canadian Capitalist Tue, 14 Mar 2006 03:54:21 +0000 http://www.canadiancapitalist.com/?p=344#comment-833 lecentre: The column was published soon after the election and there was a some talk then that Parliament might start sitting at an early date. lecentre: The column was published soon after the election and there was a some talk then that Parliament might start sitting at an early date.

]]> By: lecentre http://www.canadiancapitalist.com/this-and-that-13/#comment-822 lecentre Mon, 13 Mar 2006 04:36:49 +0000 http://www.canadiancapitalist.com/?p=344#comment-822 Last I checked, the <b> budget is presented as a bill, to Parliament. Parliament returning April 3, </b>it is surprising the Globe can say it will be presented in March. Last I checked, the budget is presented as a bill, to Parliament. Parliament returning April 3, it is surprising the Globe can say it will be presented in March.

]]> By: 0xcc http://www.canadiancapitalist.com/this-and-that-13/#comment-605 0xcc Wed, 01 Feb 2006 23:42:04 +0000 http://www.canadiancapitalist.com/?p=344#comment-605 Actually that $1040 was from the federal tax portion of my paycheque deductions. The EI premiums are outside of that (and the CPP increase took a little of that back). So I guess a part of the reduction in federal tax was due to the inflation adjustments. Actually that $1040 was from the federal tax portion of my paycheque deductions. The EI premiums are outside of that (and the CPP increase took a little of that back). So I guess a part of the reduction in federal tax was due to the inflation adjustments.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-13/#comment-604 Canadian Capitalist Wed, 01 Feb 2006 20:30:05 +0000 http://www.canadiancapitalist.com/?p=344#comment-604 HI: I think it is a fairly sure bet that the income tax cut will be eliminated. The GST cut is in the "5 things I will do" promise and the feds can't pay for both tax cuts. So one way or other, the 16% bracket is coming back :( HI: I think it is a fairly sure bet that the income tax cut will be eliminated. The GST cut is in the “5 things I will do” promise and the feds can’t pay for both tax cuts. So one way or other, the 16% bracket is coming back :(

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-13/#comment-600 Canadian Capitalist Wed, 01 Feb 2006 16:59:28 +0000 http://www.canadiancapitalist.com/?p=344#comment-600 0xcc: Your $1040 per year less in taxes is not entirely due to the fiscal update tax cut. EI premiums are a bit lower and all brackets and basic personal amounts are higher (indexed to inflation). I think almost everyone earning over $35,000 would get a fiscal update tax cut of $300-$350. So, we need to spend between $30,000-$35,000 in GST-applicable spending to get the same benefit. I think in rough dollar terms both tax cuts would mean the same to most Canadians. But, I believe that it is better to tax spending and cut taxes on income. 0xcc: Your $1040 per year less in taxes is not entirely due to the fiscal update tax cut. EI premiums are a bit lower and all brackets and basic personal amounts are higher (indexed to inflation). I think almost everyone earning over $35,000 would get a fiscal update tax cut of $300-$350. So, we need to spend between $30,000-$35,000 in GST-applicable spending to get the same benefit.

I think in rough dollar terms both tax cuts would mean the same to most Canadians. But, I believe that it is better to tax spending and cut taxes on income.

]]> By: Humble Investor http://www.canadiancapitalist.com/this-and-that-13/#comment-599 Humble Investor Wed, 01 Feb 2006 16:32:35 +0000 http://www.canadiancapitalist.com/?p=344#comment-599 Unless the Conservatives try and eliminate the tax cuts of last year through an order in council (i.e. outside the legislature) I suspect they will have a very difficult time in having this passed. What other party would go on record to have propped up a minority government in effectively increasing taxes? Unless the Conservatives try and eliminate the tax cuts of last year through an order in council (i.e. outside the legislature) I suspect they will have a very difficult time in having this passed. What other party would go on record to have propped up a minority government in effectively increasing taxes?

]]> By: 0xcc http://www.canadiancapitalist.com/this-and-that-13/#comment-598 0xcc Wed, 01 Feb 2006 13:35:17 +0000 http://www.canadiancapitalist.com/?p=344#comment-598 The federal budget stuff should be interesting. I don't want to see those income tax cuts that started in 2006 go away (for me it made less than a $40 difference in my biweekly pay) but I wonder if that would be offset by the GST cut. I guess $40x26=1040 and 1040/1%=$104,000 so I would have to spend $104k on GST-laden goods and services to make up for it. Well, I think I would be stretching it if I said I spend a quarter of that so I would rather have the income tax cuts. :) The federal budget stuff should be interesting. I don’t want to see those income tax cuts that started in 2006 go away (for me it made less than a $40 difference in my biweekly pay) but I wonder if that would be offset by the GST cut. I guess $40×26=1040 and 1040/1%=$104,000 so I would have to spend $104k on GST-laden goods and services to make up for it. Well, I think I would be stretching it if I said I spend a quarter of that so I would rather have the income tax cuts. :)

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