Canadian government announces $60 billion in tax cuts
Finance Minister Jim Flaherty announced $60 billion in tax cuts, including:
- GST reduction from 6% to 5% effective January 1, 2008
- Personal income tax rate reduction for the lowest tax bracket from 15.5% to 15%, retroactive from January 1, 2007
- Personal income tax reduction from an increased personal exemption, effective retroactively from January 1, 2007
- Reduced employment insurance premiums for both employers and employees effective January 1, 2008
- 1/3 reduction of the corporate and small business tax rate to 15%, implemented over 5 years
Liberal leader Stéphane Dion, NDP leader Jack Layton, and Bloc leader Gilles Duceppe all oppose the broad-based tax cuts, preferring smaller targeted tax cuts and more spending on government programs.
Unlike the NDP and Bloc, the Liberal party intends to stage another whipped abstention to ensure there will not be an election over the issue.
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money that could have gone towards strengthening our healthcare system and military
sweiland75
December 16, 2009 at 3:53 am
But of cores the Dion Liberals have a different approach for the economy than the Harper Conservatives do. But the corporate tax needs to be lowered for us to compete in this market world.
bradwhitcombe
September 29, 2008 at 6:58 pm
Dion wants to put the corporate tax lower then 22% as well so whats the deferents.
I think its stupid not too, it well be good for job creation when you reduce taxes on Productivities like what the Liberals and Conservatives have been saying for a long time now other counters have been doing that recently so we should too thats how we can stay competitive in this market world.
bradwhitcombe
September 29, 2008 at 6:57 pm
Harper wants to lower the corporate tax even lower than 22 percent, does he think canadians are stupid?
Amebixfan
September 28, 2008 at 1:38 pm
Greens are fiscally conservative but socially liberal
Amebixfan
September 28, 2008 at 1:37 pm
“The Smaller Government The Better” I believe that the Conservatives and green party are the only 2 at this time that believe in smaller government though the green party is viewed as a left wing party right now but a lot of the green party’s polices seem fiscally conservative, I have also seen changes of the Liberals under Dion lately moving there polices to a fiscally conservative path but I’m not all that shire.
bradwhitcombe
September 7, 2008 at 4:09 pm
Well if you see person flashing a gun thats illigal. There is a difference between illigal and spying.
wrjc2008
February 29, 2008 at 4:15 am
The thing is the government is awash in cash so I don’t think they’ll be raising taxes anytime soon. And I personally don’t think the government should be paying citizens to spy on their neighbours.
By the way, Canadians are already taxed on the purchase electronic storage media such as CDs, hard drives and memory cards. As a result it is legal for Canadians to download copyrighted material. Its not legal to upload it, however.
PrimarySource888
February 21, 2008 at 6:44 am
Why don’t they raise taxes for a good cause.
They should have tax exemption point system, for example getting 1.5% decrease for turning in people who do illigal activities.
A 2% increase in return for free music downloding. Hows that for tax relief.
wrjc2008
February 21, 2008 at 3:25 am
wished canada was part of the empire again
stokie1999999
January 3, 2008 at 2:29 pm
Taxes are a concern for people that have the most. I want higher taxes and solid spending of taxes not corruption and TV ads. This is clear voter bribe. Spend it on health care and things that really help us not a little cash back for most Canadians and a lot of cash for a few.
Zoidborg1
December 20, 2007 at 7:43 am
The Canadian Income Tax Act is a real mess. No amount of tinkling will simpify it. Just get rid of it and draw up a new one from scratch.
petelsd
December 15, 2007 at 7:24 pm
Glad you enjoy the site … thanks for visiting.
Canuck Politics
November 6, 2007 at 11:43 am
Thanks!
I love the site, by the way. Canadian politics is entertaining and fascinating.
Stupid USA guy
November 5, 2007 at 6:18 pm
The poppies are for Remembrance Day … Canadians don’t show their patriotism as much as Americans, but we are particularly proud of our contribution in the world wars, so I guess no politician wants to be the last to put on the poppy.
Canuck Politics
November 4, 2007 at 2:17 pm
What’s up with the poppies? I’m in the USA, so I’m not quite sure — I know you have Remembrance Day in 11/11, right? Why the poppies now?
Stupid USA guy
November 4, 2007 at 7:56 am