Wednesday, October 31, 2007

CANADIAN TAX CUTS

OTTAWA REDUCES GST FOR SECOND TIME
Although we won't get the benefit for Christmas shopping, the GST will be reduced by another 1% to 5% effective Jan. 1/08.
The basic personal exemption is also being increased to $9600 for 2007 and 2008 and to $10,100 for 2009.
While any tax reduction is a welcome relief, with bulging tax coffers it is possible the reductions could have been even more generous. That said, any reduction in our taxes is a welcome decision by any level of government.
Now if the province and city hall would just follow suit! Are you listening Mr. Campbell and Mr. Korpan?

allvoices

No comments:

Post a Comment

Your comment will appear after moderation before publishing,

Thank you for your comments.Any comment that could be considered slanderous or includes unacceptable language will be removed.

Thank you for participating and making your opinions known.