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Stephen

Joined: 02 Sep 2006
Posts: 645
  votes: 5
Location: Ontario
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Posted: Tue Nov 14, 2006 8:30 am Post subject: Election budget coming |
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Prediction for the next Conservative budget: a boatload of targeted tax-cuts for middle class Canadians.
A GST point cut is also rumoured.
If so, the CPC may plan to fight the next election on the budget.
Where is tax relief needed, where can it be targeted to help middle income Canadians? |
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kwlafayette

Joined: 03 Sep 2006
Posts: 6155
   votes: 28
Location: Saskatoon Saskatchewan
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Posted: Tue Nov 14, 2006 11:12 am Post subject: |
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| Tax relief is needed in pretty much every household that I have contact with. |
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Posted: Tue Nov 14, 2006 11:21 am Post subject: |
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Personally I beleive that we could use a real break on income tax. Then in 2- 4 more years we can look at a reduction on the GST again.
I hope the government is looking at all the wasteful spending the LPC was doing while in power. Expose it all and give back to middle class Canadians, in the form of Income Tax reductions. |
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kwlafayette

Joined: 03 Sep 2006
Posts: 6155
   votes: 28
Location: Saskatoon Saskatchewan
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Posted: Tue Nov 14, 2006 11:31 am Post subject: |
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EI reform would be nice. Income tax breaks would be nice. The GST cut, that is getting to be intruiging. We already had a 1% cut, Calvert cut 2% off the PST. A nickel here, a dime there, pretty soon you are talking about real money.
I would love to see them fix the problem they created with income trusts. A wide ranging tax reform would be nice; simplify, make it efficient and fair. Does anyone know just how large compliance costs are with regard to taxes? You have to buy a tax crunching program, some one has to write it. Businesses must have an army of accountants. It probably costs a few billion just for everyone in the country to get their taxes filed, checked, and the returns out. That few billion would be much better spent somewhere else, I think. |
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FF_Canuck

Joined: 02 Sep 2006
Posts: 3360
  votes: 17
Location: Southern Alberta
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Posted: Tue Nov 14, 2006 9:13 pm Post subject: |
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What would be nice and realistic would be an across the board income tax reduction, possibly through raising the basic personal allowance, over and above the cancelled Liberal increase.
It would be really nice to see income splitting introduced for married couples, plus an increase in the personal allowance, and a cut in general corporate taxes ... but that's hardly realistic. |
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Posted: Tue Nov 14, 2006 10:44 pm Post subject: |
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as others have said:
- income splitting for all
- raise the personal exemption to $13 000 |
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