Although a substantial reduction in personal income taxes was promised, our neighbors to the north have just been told to forget it for several years. Meanwhile, the corporate tax rate has been cut ... again.
2007-12-27 14:37:09 · 4 answers · asked by Anonymous in Social Science ➔ Economics
I'm far from defending Harper's viewpoints and politics but he and his government have decided to lower the sale's tax, the GST, by one point of percentage and to increase the personal deductible amount for the calculus of the income tax.
Also he has slightly increased some transfer programs like the allowance for kindergarten.
Again, Harper is not the most gifted Canadian politician but it is a fact, from a purely economic point of view, that lowering the sale's tax favours the poor at least as much the rich since they don't pay the income tax.
On the contrary, the increase of the personal deduction for the income tax can only help those who pay it, that is the relatively rich half of the population.
The Harper government is a minority government; therefore he is not entirely free to do things has he wants to.
2007-12-27 15:35:13 · answer #1 · answered by Oscar L 4 · 0⤊ 0⤋
That's not true...many mid to lower income Canadians will pay less tax in 2008, this is confirmed by watchdog group the Canadian Taxpayers Federation. Citizens may also see some 2007 saving when they file. It's the middle and top brackets that still need some help. Bottom bracket went from 15.5% to 15% and basic exception went up.
2007-12-28 01:13:42 · answer #2 · answered by LittleBrain 3 · 0⤊ 0⤋
Didn't Nelson Brison describe Harper as being "Stockwell Day with a library card"?
2007-12-28 00:34:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would not trust Harper with anything. God help Canada if that man was heading a majority government.
2007-12-27 14:56:38 · answer #4 · answered by tiger 3 · 1⤊ 0⤋