Knowledge Bureau Poll: Tax Cut Doesn’t Cut It!

The Notice of Ways and Means Motion was released on May 27, but the 1% tax rate cut going into effect on July 1, didn’t cut it with Knowledge Bureau Report readers who responded to our May Poll.  A decisive 90% of respondents said “No” when asked: does the new government’s promise to cut the lowest personal income tax rate by 1% to 14%, (14.5% in 2025) go far enough to help Canadians impacted by high costs?  Here were their comments and suggested alternatives based on real life experiences with the after-tax income their struggling clients are left with:

A new tax treaty will increase trade and investment between Canada and Hong Kong.

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The global economy is on the road to recovery. In fact, said veteran economist Patricia Croft, a speaker at the opening day of the Distinguished Advisor Conference in Naples, Fla., we are half way there.

Sailing in uncharted waters means taking new approaches and speakers at Day 2 of the Distinguished Advisor Conference advocated a collaborative approach.

The U.S. is fast approaching its “fiscal cliff” and how it resolves that challenge has implications for Canada and the world.