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The Brad Wall government had some difficult choices to make. It could have asked the rich to pay a little more. Instead, it told the poor to pay a lot more. Though this budget may help reduce the provincial deficit, it will be bad for poverty and for the long-term health of the Saskatchewan economy.
The Liberals failed to take any meaningful action on closing tax loopholes or leveling the digital playing field. They failed to deliver, again, on their election promise to end the stock options deduction that gives almost a billion dollars to some of the richest people in Canada. They failed to make the tax system simpler or fairer.
Dear Minister Michael De Jong, perhaps it was a good thing that I was not available for your call because I have a feeling you don't really want to hear what I have to say about your government's fiscal management record.
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Heading into this month's B.C. budget, Premier Christy Clark is saying all the right things about scrapping the Medical Services Premium (MSP) tax. The B.C. Liberals have been busy pouring water on every smoldering election issue they can find. On and on the list goes, leaving the MSP tax as one of the few big potholes remaining on the road to re-election.
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With more frequent, more severe and more damaging cycles of droughts and wildfires, storms and floods, it's clear that a more extreme and volatile climate is costly for Saskatchewan. Virtually everyone agrees that we need to prevent the worst consequences, as much as possible, and adapt to what we can't avoid.
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Today, it takes more brains and effort to make out the income-tax form than it does to make the income. - Alfred E. Neuman 1) Prioritize Three Contributions RRSP Offers best tax sheltering option for...
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The Liberals' primary planned revenue generator is the increased tax rate for Canadians in the upper income tax bracket but it's coupled with a one-and-a-half percent cut for middle income earners. They originally claimed that these measures taken together would add $3 billion to the federal coffers. However, they're already backing away from that rosy prediction.
There are many expectations for this new government and we are all anxious to see how they deliver on their platform. Saying goodbye to boutique tax cuts that only benefit the few should help more of us and make the whole process of filing your tax return less painful.
The big spending on the income splitting tax break, combined with the impact of lower oil prices has already left only a razor-thin balance and the Parliamentary Budget Officer predicts the budget will slip back into deficit in the next few years. Since it is no secret that this budget sets the stage for the upcoming federal election it is time for us to take a long hard look at the people we elect. We should not allow ourselves to be tricked by tax cut treats but think about who offers a plan for the future. Legacies take guts.
By doubling the maximum contribution for a Tax-Free Savings Account (TFSA), which would therefore jump to $11,000 a year according to rumours surrounding next Tuesday's budget, the federal government is doing more than just encourage saving; it's taking a step toward the de facto elimination of the capital gains tax on financial investments for the great majority of Canadians.
OTTAWA — The NDP is lodging a formal complaint with Advertising Standards Canada about the Conservative government’s new ads promoting a family tax cut that has yet to be passed by Parliament. “We are...
An ad touting the Conservative government's new tax cuts has hit the airwaves and it's being paid for by Canadian taxpayers. The ad, set in suburbia, promotes four tax measures that have not yet been...
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Tax policy may not be sexy. But it can change things for the better. Or make them worse. The current system exacerbates the problem of growing income inequality, which is now recognized by a growing number of economists as one of the main causes of our stagnant global economy. Once again this looks like a case of politics trumping the facts. The Harper government is proceeding with this give away to the rich even before the budget is balanced and despite warnings that the fall in the value of oil could mean revenue shortfalls.
It's more likely that corporate tax cuts have led to some income and tax shifting from other tax jurisdictions (such as the Tim Horton's deal) or from personal income, which is taxed at a higher rate. These may have lessened the fall in Canada's corporate tax revenue losses, but not by much.