A Tax Break Coming your way?

[M.Dancer]

And now breaking news.......

Following the lead of the Great Canadian Finance Minister, Paul Martin,

Canadian Conservative Party Finance Minister Jim Flaherty announces a

$14-billion

Budget Surplus!

The Canadian government racked up a monster surplus of about $14-billion for the last fiscal year, Ottawa reported Thursday.

It said it has used the surplus to retire national debt and will funnel the $725-million interest saved as a result to Canadian taxpayers through tax cuts.

That is a break of about $30 to $40 per tax filer in annual savings, depending on how it is allocated.

That surplus far exceeds the $9.2 billion forecast in the last budget.

http://www.theglobeandmail.com/servlet/sto...y/National/home

[Michael Bluth]

And now breaking news.......

Following the lead of the Great Canadian Finance Minister, Paul Martin,

Canadian Conservative Party Finance Minister Jim Flaherty announces a

$14-billion

Budget Surplus!

http://www.theglobeandmail.com/servlet/sto...y/National/home

Yup, that's very good news. Nothing stops the Conservative's from proposing tax breaks in the Speech from the Throne.

[M.Dancer]

Yup, that's very good news. Nothing stops the Conservative's from proposing tax breaks in the Speech from the Throne.

It is good news, except they hectored the natiral governing party for having the same kind of supluses....saying it's an inndictaion of how overtaxed we are.

In my books having too much money left over is way better than too little. I think their criticism of Martin was wrong then and any criticism of Joe Flaherty would be wrong now.....scarey?

[mikedavid00]

And now breaking news.......

Following the lead of the Great Canadian Finance Minister, Paul Martin,

Canadian Conservative Party Finance Minister Jim Flaherty announces a

$14-billion

Budget Surplus!

http://www.theglobeandmail.com/servlet/sto...y/National/home

That's because we are paying too much taxes and are leaving people to die in our healthcare system.

As in any third world, govt's always finish with a surplus or themselves.

[Shakeyhands]

That's because we are paying too much taxes and are leaving people to die in our healthcare system.

As in any third world, govt's always finish with a surplus or themselves.

We're leaving people to die in our healthcare system????? I had no idea.... What do you think the solution is?

($10 Internet dollars to anyone else - he says this has something to do with those filthy immigrants)

[M.Dancer]

($10 Internet dollars to anyone else - he says this has something to do with those filthy immigrants)

I haven't got board approval yet for my turf accountancy.......$20 says I never do......

[Moxie]

UI the tax cow for the Liberals and the Cons, forcing 100% of the employed population to pay UI benifits but only 53% can apply for benifits. Another socialist policy gone awry.

[M.Dancer]

UI the tax cow for the Liberals and the Cons, forcing 100% of the employed population to pay UI benifits but only 53% can apply for benifits.

!00% are not forced. When I was self employed I did not pay UI.

[guyser]

$14-billion

And in Caledonia someone has a giant woody !

[Pat Coghlan]

Okay, looks like we have the money to be able to implement income-splitting (joint tax return) for all families, rather than just retirees.

[Michael Bluth]

Okay, looks like we have the money to be able to implement income-splitting (joint tax return) for all families, rather than just retirees.

Or to implement the second cut in the GST down to 5%.

Talk about a winning strategy. It's a lot different for the opposition to say they won't implement the second cut then to campaign on clawing it back.

[jdobbin]

It is good news, except they hectored the natiral governing party for having the same kind of supluses....saying it's an inndictaion of how overtaxed we are.

In my books having too much money left over is way better than too little. I think their criticism of Martin was wrong then and any criticism of Joe Flaherty would be wrong now.....scarey?

I think the Tories said how poor Martin and Goodale were at managing finances when they ran such huge surpluses.

There is still room for criticism now. What Flaherty does with that money deserves scrutiny. In the past, Liberal budget surpluses were split between paying the debt and restoring money to programs that were cut. That was criticized by the Tories because there was no tax cuts made from the surplus.

Will there be tax cuts made from this surplus? By all accounts, it is going to pay off the debt.

[jdobbin]

Okay, looks like we have the money to be able to implement income-splitting (joint tax return) for all families, rather than just retirees.

Or Harper could use it all to pay off the debt and continue to tax you at the rate you are being taxed.

[kengs333]

And now breaking news.......

Following the lead of the Great Canadian Finance Minister, Paul Martin,

Canadian Conservative Party Finance Minister Jim Flaherty announces a

$14-billion

Budget Surplus!

http://www.theglobeandmail.com/servlet/sto...y/National/home

Just think what it could be were we not in Afghanistan and buying Globemasters and other overpriced military hardware.

I suppose this could mean that we could see the other promised 1% point decreased in the GST, but somehow I doubt it.

[Fortunata]

When Liberals had surpluses didn't the CPC say it was because it was stolen from Canadian taxpayers, or words to that intent? Oh the hypocrisy!

[mikedavid00]

We're leaving people to die in our healthcare system????? I had no idea.... What do you think the solution is?

($10 Internet dollars to anyone else - he says this has something to do with those filthy immigrants)

I'm basically saying that it's easy to drive a suprless when you are not properly funding programs that you cannot afford.

How about I become PM, raise corprate taxes, cut healthare and education spending by 40%, quitely raise income tax, and then at the end of the year, WOW, I HAVE A SURPLESS.

A dog can be PM and get a surplus.

A TRUE surplus will happen the day all our social programs are running properly (ie: a pefect healthcare system that no one complains about) and then we are left over with money.

But that will never happen. Ever. So it's time the gov't get out of the healthcare business, get out of the Education business, and let private enterprise take over.

THink about it. Our gov't is running a healthcare insrance company and a healthcare management company a la communism. Our little Canadian gov't chasing their tail having no clue what they are doing while we are dying waiting for surgeries. Our own citizens.

It's time the FIRST fix the spending on social programs (and I mean fully privatising healthcare and schooling), THEN work on a surpluss.

Basically, the announcement should have been "We have reduced the amount of civil servants accross Canada and overhauled our refugee system which has saved us $14B.

Next year - "we have finally privatized healthcare in Canada and this has saved us $80B.

Year after "we are no longer giving money to 'culture' and special interest groups or recognize minority groups" - $10B saving.

Then NO ONE has anything to complain about becuase they are getting their services and are no longer entitled to free money from the gov't.

Only THEN can we pay off the debt and have a true surpluss.

Edited September 27, 2007 by mikedavid00

[kengs333]

When Liberals had surpluses didn't the CPC say it was because it was stolen from Canadian taxpayers, or words to that intent? Oh the hypocrisy!

Everything they said while Her Majesty's Loyal Opposition was hypocritical. That's all part of the game, and enough Canadians were stupid enough to buy into it and make them the government.

[ScottSA]

There's a surplus because the economy is good and tax revenue is consequently up. About 2% of the reason for that is tax breaks, about 2% is because of other government activity (including provincial govts), and 95+% is because of the regional and global economy. Politicians like to talk up a storm about the economy, but in advanced capitalism there's very little they can do about it one way or another. I prefer to have tax cuts, a larger military, better infrastructure and the demise of 90% of our "social programs," so as usual I'll be voting Conservative, even if they do things not quite the way I'd like them done. But that doesn't mean I believe that any foreseeable government policy will achieve a change in the economy one way or another.

[kengs333]

In other words you want Canada to become another United States of America.

[old_bold&cold]

A very small part of the surplus was figured into the last budget, but yes there have been several favourable things that have made the surplus much higher then predicted. I think that putting it towards the debt is a good thing, but others will say that we should better fund healthcare. I will not argue about that, but I do think that the debt reduction is better as it will reduce the interest by almost 800 million per year on it. Yes we can get tax cuts and my guess is that Harper will have several of those initiatives in the throne speech, and then watch as each party would be cutting their throats if they defeated the government on those points. This was all known be Harper long before he decided to porouge the government and start new on Oct 16 2007. Harper is not stupid and this will go along way as for him getting it all past, or if any oppositions want to gang up and defeat the government, they will then be in between a rock and a hard place with the voters. So I have to give credit to Harper for a game well played, but for now it is only check, it would only become checkmate if the government has to go to the polls.

This all was done quietly and without the fanfare, but I do think it a great move. So while many will try to make this seems like people were overtaxed, but then how could they vote down any tax breaks in the throne speech. Ducepppe was way too quick to shot off his mouth about what he would accept and not accept, but how will it look if he is seen voting again reduced taxes. He is a seasoned politician and should have known better then to show all his cards before it was his own turn. Layton and the NDP will also have a tough time reversing themselves, but better that then voting against the tax cuts. Which leaves us to Dion, he just might be stupid enough to try and vote against it, but will the rest of his party follow? You may well see a rift starting to show publicly within the liberal ranks very soon, if he does go against it.

[mikedavid00]

In other words you want Canada to become another United States of America.

Yes I do. But we don't need as quite big of a military.

The surplus means nothing really and is easily creatable on any given year. A good economy produces a good surpluss assuming a sane gov't and that's all that happened. But it doesn't solve our bigger problem.

I don't think the economy grew because of small tax decreases or anything the CPC had to do. I think more people are paying more taxes and certain sectors in Canada did better last year. Unemployent rates fell in parts with total employement up. The cons haven't been going crazy on spending.

We are over taxed, and our programs are missmanaged.

Putting $14B beside $500B is 3% os small fries although that small number could probably provide HMO medical care to half of Canadian citizens.

The gov't needs to get out of the healthcare business now. It also needs to get out of the employment business, and it needs to get out of the University business.

Then you'll really taxes drop.

Also one last note: just because unemployment is down, revenue is up, and dollar value is on par, it does *NOT* mean that we are enjoying a better 'quality of life'. This is all attributed to immigration.

We need to stop it dead in it's tracks. House prices will drop drastically and correct themslves. labor competition will drop, pay will go up, AND ONLY THEN can a newly married family buy a 2200 sq foot house to build a family instead of a moving into a 500 sq ft. Condo. And for the jobs we truly cannot fill, we shall sponsor in workers from south america.

Only then we can have wives take real maternative leave from work to raise kids and we can fund those sorts of programs.

Now is the time to do it. Now is the time to stop immigarnts from wandering into Canada burdening our lives and stopping us from progressing into further wealth.

We need to make some real changes. And yes. It starts with deporting the sikh's in the Vancouver temple who gave that radio host a lesson on how to talk about sikh's all the while someone translating. That coward went to the temple and bowed to them and appoligized as a translator actually did a back and forth. The sikh's then lectured him on how he should address them. He then came back to the studio and cowered out.

The Sikh's were pleased with the outcome.

I'm not peased with the outcome and the direction of this country. It's time to change now.

[Fortunata]

So I have to give credit to Harper for a game well played,

It's pretty sad that our government is reduced to a "game" and even sadder that people actually applaud it.

[Wilber]

It's pretty sad that our government is reduced to a "game" and even sadder that people actually applaud it.

Where have you been? The game has always been getting elected. If you can't do that, you can't govern.