IS IT FAIR TO HAVE THE POOR BE TAXED SO MUCH...ASK THE DAMN TORIES...THEY THINK SO!!!!!!!!!!!
Canadians will save about $5 billion a year thanks to the cut. But the government has made up for the lost revenue by rolling back broad income tax cuts promised by the Liberals.
"Some lower-income Canadians could pay more tax while the rich, with more to spend, will save more on the GST," reported CTV's Roger Smith.
One critic said cutting the GST is bad economics but a good political move, since the reduction is immediately visible to every voter.
"Canadians are being bribed with their own money here and it's probably good politics - unfortunately, because it's not the best way to us that amount of money," said economist Dale Orr.
He argued income tax relief would have been more beneficial for the economy, and that the price
of small items will adjust to make the cut unnoticeable.
"Newspapers used to be 92 cents," said convenience store operator Antoine Cano. "In order to round up to a dollar, they jack it up to 94 cents, so consumers don't save on little things."
Canada Day also marked some income tax changes:
Canadians in the lowest personal income tax bracket will now see a slight difference in their take-home pay, now that the rate has been bumped up to 15.5 per cent from 15 per cent.
Basically, I am trying to tell you as the Canadian voters that we really need to keep in mind that this is not very beneficial to the lower income class. Is it not nieve for the Tories to think that they will be able to buy Canadian votes who are reducing GST but they are making it back on the income tax rollback, this is BS!!!!!!!!

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