Posted by Tim Stobbs on November 24, 2006
Well after all the news stories on income splitting and other great things we expected from the fed’s on Thursday. We got: nothing. You can read an article on it, but I’ll give you a summary.
Pay down the debt. Ok this is a good idea, but at $3 billion a year this will take a while.
Use interest savings on the debt to reduce income tax. Again a good idea, but really this will amount to something like $20/person in Canada next year. Oh yes, I can finally retire an entire minute sooner than I planned.
Reduce the GST to 5%. Hell SK managed to reduce their PST to that already. Besides your already told us about reducing the GST to 5% when you dropped it to 6%.
The rest of it was, well, hazy and vague. Here’s hoping the new budget is better.