May 2025 Poll

Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?

Comments

In order to have money :

one needs to :

explore ways to get sources of money

AND

explore ways to reduce spending

There is a Chinese saying with exactly that meaning.

( OPEN source, reduce dripping )

Every bit helps.

avoid the sights of every family going broke and some becoming criminals. Such social cost is going to be unbearable.

What would the leaders do ? wait till the next election ?!

By Stephen Cheung on May 15, 2025

I’ve long felt that it would be good policy to increase the basic personal exemption significantly. While this would impact everyone, it would have a proportionally higher impact on lower income Canadians.

Then we could begin to have a discussion on what tax policy ought to look like in Canada…I won’t hold my breath though.

By Derek T on May 14, 2025

I have ZERO belief that they will follow through. I also believe that now they have finished the election, the carbon tax will be back. Because it never left.

By Doris M WOODMAN-MCMILLAN on April 30, 2025

Not even close, an absolute joke by an absolute fraud who will destroy this country with his ‘mandates’.

By Matt Valenti on April 30, 2025

The RWM™, MFA™, MFA-P™, DMA™, DFA-Tax Services Specialist™, DFA-Bookkeeping Services Specialist™, the Society of Real Wealth Managers™ & all its certificate/diploma programs are intellectual properties/certification/trademarks owned by Knowledge Bureau™

May 2025 Poll

Does the new government’s promise, expected soon, to cut the lowest personal income tax rate by 1% to 14%, go far enough to help Canadians impacted by high costs? What are alternatives in your view?

Comments

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