Categories: Capital Read, Inside the Queensway

Bring on that fiscal update!

by kadyomalley on Thursday, November 20, 2008 2:25pm - 14 Comments

Flaherty to opposition parties: Next Thursday. 4pm. House of Commons. Be there.

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  • T. Thwim

    Ah yes, where we get to see the results of conservative fiscal policy — cut taxes to take us to the point where to avoid deficit we need to sell Canada’s assets during a time of rock-bottom prices.

    Mr. Harper said it was a good time to buy, and now, through Mr. Flaherty and on the backs of Canadians is ensuring that prediction comes true.

  • Dr Riff

    exactly. it is a good time to buy when you have a surplus and everyone else is hurting.

  • Alan

    Well, cutting taxes led us to a predicted deficit in the coming years. Somehow I seriously doubt the answer the Conservatives will come up with will be to go back and raise those taxes to where they were. I’m sure it will come down instead to spending cuts. Then, when things are looking good again, more tax cuts. Can someone stop this ride, I want to get off.

  • Dr Riff

    Don’t worry, Alan, I’ll fix it.

  • Dr Riff

    ok ride is over pay now and ride again!

  • T. Thwim

    Kevin Page has announced that the upcoming government deficit is the fault of the conservative policies, not the economic conditions, and the conservatives said they’ve been planning this for a year or more.

    What I’m starting to wonder is, who’s the friend they’ve got lined up waiting to buy our assets? Bush had his no-contest contracts to his buddies in Halliburton. Who are Harper’s buddies?

  • Dr Riff

    OMIGOD!!!!!!! TAX CUTS!!!!!!!!!! CUTS THAT HURT!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Dr Riff

    i’m Harper’s buddy.

  • Dr Riff

    hmmm i guess that’s all that matters.

  • Sisyphus

    Fits quite comfortably with the medium to long term plan of slowly throttling government to death.

    Behind that furrowed brow the happiness synapses are firing up quite nicely.

    And when the rest of the world is trying to stimulate the hell out of everything …… “I did it my waaaay”.

  • Dr Riff

    if you mean hit them hard enough to make them see stars then i’m with you.

  • Shenping

    Being in the bottom tax bracket & having about 95% of my take-home pay going to non-GST-applicable expenses like rent, groceries, & student loans, those GST cuts save me about $4.50 a month. I actually did the calculation. Accountant, you know.

    I realize I’m not a corporation, Mr. Flaherty, but I’d like a tax cut too. Or maybe tax those companies I worked for that made $300 per hour I worked for them at the same rate you taxed my $10/hr starting salary. You did raise my taxes at the same time you lowered them, after all.

    In case you don’t believe me, here’s the proof:

    Corporate taxes http://www.kpmg.ca/en/services/tax/documents/SubstantivelyEnactedRatesCCPCSept3008%20E%20.pdf

    Personal taxes http://www.kpmg.ca/en/services/tax/documents/FedandProvTaxRates.pdf

    Ignore the first 7 lines of numbers for the corporate table. The magic number is 11%. So if there’s a deficit & you wonder why, it’s only peons like us who are paying our way. Conservatives, Liberals, whatever. The difference in taxation policy are minimal.

  • keith by the Bruce

    ” if you’re an accountant and you’re at a bottom feeder tax bracket there’s something wrong with your math ”

    Ya the guy from Enron got a $ 30 million severence and a lead pill in his garage for forgetting his place at the table .

  • Dr Riff

    lead is full of nutrients just ask any bad guy who’s been dosed up with the stuff- they soon stop acting bad

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