August1991 Posted June 24 Report Share Posted June 24 Our RRSP dates from the federal Liberal budget of 1957 - St-Laurent. Your 401k dates from Carter and 1979. Both schemes correct a distortion, and allow people to save for retirement. Quote Link to comment Share on other sites More sharing options...
Michael Hardner Posted June 24 Report Share Posted June 24 7 hours ago, August1991 said: Our RRSP dates from the federal Liberal budget of 1957 - St-Laurent. Your 401k dates from Carter and 1979. Both schemes correct a distortion, and allow people to save for retirement. Interesting. I didn't know that. Quote Click to learn why Climate Change is caused by HUMANS Michael Hardner Link to comment Share on other sites More sharing options...
August1991 Posted July 10 Author Report Share Posted July 10 On 6/24/2024 at 6:53 PM, Michael Hardner said: Interesting. I didn't know that. Our TFSA is a direct copy of the US Roth account. They copy from us, we copy from them. ==== IMHO, the US federal government, and the EU, must copy from Canada's federal government: Our GST In Canada, we have a standard consumption tax across all jurisdictions, Friedman-fair, yet collected by lower levels. 1 Quote Link to comment Share on other sites More sharing options...
herbie Posted July 25 Report Share Posted July 25 Before that there was a flat 17% manufacturer tax that hurt makers and hid the cost of it from consumers. Ddin't seem to help in the long run now they get GST rebates for the office furniture and build everything in China or Bangledesh... Quote Link to comment Share on other sites More sharing options...
August1991 Posted July 25 Author Report Share Posted July 25 15 hours ago, herbie said: Before that there was a flat 17% manufacturer tax that hurt makers and hid the cost of it from consumers. Ddin't seem to help in the long run now they get GST rebates for the office furniture and build everything in China or Bangledesh... Created in the 1920s,we had a weird federal Manufacturer's Sales Tax. Mulroney had the political courage to impose a modern federal VAT - our GST. ===== Without a federal consumption tax, the US is not sustainable. Your social security and medicare are too generous, promise too much. Your constitution has survived for 250 years. You need a federal consumption tax.. Quote Link to comment Share on other sites More sharing options...
August1991 Posted July 25 Author Report Share Posted July 25 Trump changed your SALT to make it like Canada - we cannot claim local taxes on our federal form. I think Trump has the political courage to impose a federal consumption tax. Note: Mulroney ensured the federal GST is collected by Revenu-Quebec. Quote Link to comment Share on other sites More sharing options...
herbie Posted July 25 Report Share Posted July 25 42 minutes ago, August1991 said: Without a federal consumption tax, the US is not sustainable. Possibly. It definitely would be if it had one, and 5% is not gonna hurt anyone. They'll say it would just because their country was founded by opposition to a tax and their all brainwashed by subsequent generations of loathing all taxes for any reason whatsoever. Quote Link to comment Share on other sites More sharing options...
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