Comments on: What to Expect in the Budget http://www.canadiancapitalist.com/what-to-expect-in-the-budget/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canadian Capitalist http://www.canadiancapitalist.com/what-to-expect-in-the-budget/#comment-2070 Canadian Capitalist Sat, 29 Apr 2006 18:08:59 +0000 http://www.canadiancapitalist.com/2006/04/26/what-to-expect-in-the-budget#comment-2070 Jacky: New home buyers will definitely benefit to the tune of 0.7% due to the GST tax cut. (There is a 36% rebate on the GST paid upto $350,000). The GST cut does benefit some people more than the income tax cut. Jacky: New home buyers will definitely benefit to the tune of 0.7% due to the GST tax cut. (There is a 36% rebate on the GST paid upto $350,000). The GST cut does benefit some people more than the income tax cut.

]]> By: Jacky http://www.canadiancapitalist.com/what-to-expect-in-the-budget/#comment-1858 Jacky Thu, 27 Apr 2006 19:26:16 +0000 http://www.canadiancapitalist.com/2006/04/26/what-to-expect-in-the-budget#comment-1858 The drop in the GST has a dramatic impact on new home buyers, a 6% GST would save you about $3500 on a $350,000 house. The drop in the GST has a dramatic impact on new home buyers, a 6% GST would save you about $3500 on a $350,000 house.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/what-to-expect-in-the-budget/#comment-1853 Canadian Capitalist Thu, 27 Apr 2006 14:26:42 +0000 http://www.canadiancapitalist.com/2006/04/26/what-to-expect-in-the-budget#comment-1853 Tom: Amen to that! This very topic was in the news a few days back. The economists in the Finance Dept. want to increase consumption taxes and reduce income taxes. Apparently, as percentage of taxes collectd, consumption taxes are the lowest in Canada among OECD nations. So, when everyone else is moving in one direction, we are moving in another. I'd have to grant that politically the cut to the GST was a smart move. Almost everyone I talk to wants it to get done. I put it down to the fact that most people never bothered to figure out which tax-cut is better for them. Tom: Amen to that! This very topic was in the news a few days back. The economists in the Finance Dept. want to increase consumption taxes and reduce income taxes. Apparently, as percentage of taxes collectd, consumption taxes are the lowest in Canada among OECD nations. So, when everyone else is moving in one direction, we are moving in another.

I’d have to grant that politically the cut to the GST was a smart move. Almost everyone I talk to wants it to get done. I put it down to the fact that most people never bothered to figure out which tax-cut is better for them.

]]> By: tom venner http://www.canadiancapitalist.com/what-to-expect-in-the-budget/#comment-1852 tom venner Thu, 27 Apr 2006 14:13:16 +0000 http://www.canadiancapitalist.com/2006/04/26/what-to-expect-in-the-budget#comment-1852 I have no kids and am an investor not a spender, what's in this budget for me! Bring back the liberal tax cuts. Other countries are decreasing personal income tax and raising sales taxes instead. Might even induce people to save and invest the tax savings rather than spend it all on consumer crap. I have no kids and am an investor not a spender, what’s in this budget for me! Bring back the liberal tax cuts. Other countries are decreasing personal income tax and raising sales taxes instead. Might even induce people to save and invest the tax savings rather than spend it all on consumer crap.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/what-to-expect-in-the-budget/#comment-1851 Canadian Capitalist Thu, 27 Apr 2006 13:29:12 +0000 http://www.canadiancapitalist.com/2006/04/26/what-to-expect-in-the-budget#comment-1851 I think the budget will pass quite easily. The Liberals are in no position to fight another election and I think the other parties are in no mood to do so. They will all complain about the budget and most of them will abstain :) I think the budget will pass quite easily. The Liberals are in no position to fight another election and I think the other parties are in no mood to do so. They will all complain about the budget and most of them will abstain :)

]]> By: Big Cajun Man http://www.canadiancapitalist.com/what-to-expect-in-the-budget/#comment-1850 Big Cajun Man Thu, 27 Apr 2006 12:22:18 +0000 http://www.canadiancapitalist.com/2006/04/26/what-to-expect-in-the-budget#comment-1850 Seeing as I may benefit from a few of these things, not just the GST, I'd be quite happy to see most of them go through, but will they? Not sure. I think Mr. Harper has chosen good ground to fight on in an election, we shall see what this all means, but very itneresting no doubt. I filed my return mid-March, and got back my refund in 8 business days, I was very impressed with E-Filing speed. --C8j Seeing as I may benefit from a few of these things, not just the GST, I’d be quite happy to see most of them go through, but will they? Not sure. I think Mr. Harper has chosen good ground to fight on in an election, we shall see what this all means, but very itneresting no doubt.

I filed my return mid-March, and got back my refund in 8 business days, I was very impressed with E-Filing speed.

–C8j

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