(ಠ_ಠ)
2014-12-22 22:17:47 UTC
We expect those families who will get a $2,000 tax break to start sharing their
largess with those less fortunate.
We expect to see thinner, healthier, and more active kids right across the country.
We expect 'small businesses' to hire Canadians instead of temporary foreign
workers.
And we expect to see more single parents return to work because of the child
tax credit.
Yeah. . . right . . .
That's a HARPER government in charge in Ottawa. And when he plows the country
deeper into debt, we ALL pay for the interest rate on that debt from our
taxdollars.
Happy New Year, those who vote for Harper. You likely got yours. Now we have
to gift-give to the Harper government. . . . October 2015 or sooner.
________________________________________
The Globe and Mail - December 22, 2014
Tory tax cuts added $1.6-billion to deficit, finance figures show
But Ottawa remains on track to post a smaller deficit than the year before
The Conservative government's recent tax cuts have added $1.6-billion to the
deficit so far this year, but Ottawa remains on track to post a smaller deficit
than the year before.
Finance Canada released monthly tracking figures for Ottawa's bottom line on
Monday that show the federal government posted a $3.2-billion deficit in
October, in contrast to a $2.5-billion deficit in October, 2013. The report
said this reflects a $1.6-billion downward adjustment to revenues based on the
year-to-date impact of two personal income tax cuts announced that month that
were effective immediately: income-splitting for families with children under
18 – which the government calls the Family Tax Cut – and the doubling of the
Children's Fitness Tax Credit.
Over the first seven months of the fiscal year that started April 1, the
federal deficit stood at $3.95-billion, a significant improvement over the
$12.8-billion deficit recorded between April and October of 2013. However the
figure is $1-billion higher than the government's stated target of posting a
$2.9-billion deficit this year.
Monthly deficit and revenue figures can fluctuate significantly.
Prime Minister Stephen Harper's government announced several tax cuts this
fall, including the two family tax cut measures. Two additional tax cuts will
take effect in 2015, including enhanced monthly payments to parents with
children under 18 through the Universal Child Care Benefit and an increase in
the child care expense tax deduction.
The government also announced a two-year tax credit for small businesses in
September.
Finance Minister Joe Oliver's Nov. 12 fiscal update indicated that the expected
cost of all of these measures will be $3.2-billion this year, $5-billion next
year and then slightly less than $5-billion-a-year going forward.
The update also indicated that the government expects a deficit of $2.9-billion
this year, meaning the package of tax cuts announced this fall had the effect
of moving Ottawa from a projected surplus to a projected deficit.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
The government is projecting a $1.6-billion surplus in 2015-16. The Prime
Minister recently insisted that the surplus will be achieved even with lower
oil prices, which have a negative impact on federal revenues. <<==
((+_+))
largess with those less fortunate.
We expect to see thinner, healthier, and more active kids right across the country.
We expect 'small businesses' to hire Canadians instead of temporary foreign
workers.
And we expect to see more single parents return to work because of the child
tax credit.
Yeah. . . right . . .
That's a HARPER government in charge in Ottawa. And when he plows the country
deeper into debt, we ALL pay for the interest rate on that debt from our
taxdollars.
Happy New Year, those who vote for Harper. You likely got yours. Now we have
to gift-give to the Harper government. . . . October 2015 or sooner.
________________________________________
The Globe and Mail - December 22, 2014
Tory tax cuts added $1.6-billion to deficit, finance figures show
But Ottawa remains on track to post a smaller deficit than the year before
The Conservative government's recent tax cuts have added $1.6-billion to the
deficit so far this year, but Ottawa remains on track to post a smaller deficit
than the year before.
Finance Canada released monthly tracking figures for Ottawa's bottom line on
Monday that show the federal government posted a $3.2-billion deficit in
October, in contrast to a $2.5-billion deficit in October, 2013. The report
said this reflects a $1.6-billion downward adjustment to revenues based on the
year-to-date impact of two personal income tax cuts announced that month that
were effective immediately: income-splitting for families with children under
18 – which the government calls the Family Tax Cut – and the doubling of the
Children's Fitness Tax Credit.
Over the first seven months of the fiscal year that started April 1, the
federal deficit stood at $3.95-billion, a significant improvement over the
$12.8-billion deficit recorded between April and October of 2013. However the
figure is $1-billion higher than the government's stated target of posting a
$2.9-billion deficit this year.
Monthly deficit and revenue figures can fluctuate significantly.
Prime Minister Stephen Harper's government announced several tax cuts this
fall, including the two family tax cut measures. Two additional tax cuts will
take effect in 2015, including enhanced monthly payments to parents with
children under 18 through the Universal Child Care Benefit and an increase in
the child care expense tax deduction.
The government also announced a two-year tax credit for small businesses in
September.
Finance Minister Joe Oliver's Nov. 12 fiscal update indicated that the expected
cost of all of these measures will be $3.2-billion this year, $5-billion next
year and then slightly less than $5-billion-a-year going forward.
The update also indicated that the government expects a deficit of $2.9-billion
this year, meaning the package of tax cuts announced this fall had the effect
of moving Ottawa from a projected surplus to a projected deficit.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
The government is projecting a $1.6-billion surplus in 2015-16. The Prime
Minister recently insisted that the surplus will be achieved even with lower
oil prices, which have a negative impact on federal revenues. <<==
((+_+))
