January Poll

In your opinion, is the new $931 enhancement to the federal Basic Personal Amount for those with incomes under $150,473 an improvement to our tax system?

Comments


Adding a 1% tax on wealth over 20 million will generate more tax, and introducing universal Canada wide Pharmacare will reduce the costs which result from people, unable to pay for drugs unable to work, requiring hospitalization and other high cost public facilities and services.  The pittance being promoted probably costs more for advertising than any benefit to the public - it is insulting. 

Do politicians really thing we are so dumb?!

By Marilyn Kenny on January 22, 2020


This tax credit is very minor benefit to anyone.  The tax system does need to be reviewed and reset so it is not oppressive to those who desiring to create wealth.  The wealthier the citizens the wealthier the country as a whole.  Unfortunately it seems few understand this.  The “Laffer Curve” on income tax exemplifies this though.  The higher the taxes, the more wealth will flee the country and less will stay and be invested.

By CJ Prince on January 22, 2020


This enhancement saves most Canadians less than $140/year, which is very small considering all the publicity being directed to it. This tax cut is too small to be felt, and will quickly be swallowed up by higher CPP contributions and increasing carbon taxes. Sure, we’ll accept the $140 tax discount, but in the grand scheme of things, it is merely a token of what should have been.  Our finance department needs to learn to use an axe, not just a pocket knife.

By Daniel Housser on January 22, 2020


They make it sound so wonderful but it is just a pittance in the average family. Costs of living keep increasing and they give us a band aid solution. With all the other tax credits removed or dwindling this is no help at all. The statement the government owes us comes to easy. It is not their money to spend it comes from the taxpayer and more and more we are funding things that we have no say over.
Our seniors are starving and have no health care. Families cannot afford rent.
But the people in parliament if I can call them that, live high and mighty.

By Alice Manderson on January 22, 2020


They make it sound so wonderful but it is just a pittance in the average family. Costs of living keep increasing and they give us a band aid solution. With all the other tax credits removed or dwindling this is no help at all. The statement the government owes us comes to easy. It is not their money to spend it comes from the taxpayer and more and more we are funding things that we have no say over.
Our seniors are starving and have no health care. Families cannot afford rent.
But the people if I can call them that live high and mighty.

By Alice Manderson on January 22, 2020


Typical Liberal solution put a band aid on it and hope to stop the growing unrest in this country.

By Liza Wiley on January 15, 2020


Once again it provides Canadians with a tax savings, albeit it is a tax credit.  I agree with others reduce the limit to $75,000.  Allow taxpayers to spend the money in the economy.  Indirectly a portion will end up back in the government coffers.  Like others I do not want to give the government more money since they do not have a very good record managing it hence are national deficit.

By Roger Arseneau on January 12, 2020


This a just a band aid on the wound
This government has caused. Harper government gave family tax cut, fitness and art tax cuts, tuition, etc. .... and the liberals took everything away… no no real savings what so ever! That government doesn’t even understand the the essence of equality!

By Veronique Dewilde on January 10, 2020


This a just a band aid on the wound
This government has caused. Harper government gave family tax cut, fitness and art tax cuts, tuition, etc. .... and the liberals took everything away… no no real savings what so ever! That government doesn’t even understand the the essence of equality!

By Veronique Dewilde on January 10, 2020


It allows the government to act like they have done something great when all they are doing is making the tax system more complex.  I once saw a tax return for the year 1957.  It was one legal size page!

By Helen on January 09, 2020


Yes, but the threshold should have been lower - maybe to 75,000 or so; same as OAS repayment level; to focus on lower income individuals and not affect federal revenue so much.

By Anni Markmann on January 09, 2020


Not nearly enough, especially for the lower end of the “middle class”.

By Gale Hayashi on January 08, 2020


It should be only for people who make 1/2 that much ie. $75,000.

By Val on January 08, 2020


Any reduction in personal income taxes is always a “good” thing for us taxpayers.  It allows more money to be spent in our local economies.  Even though, I certainly do not trust this current governing party, as far as I can throw them, as they always find an alternate tax to ‘recoup’ most tax breaks given to Canadians. 

 

By Gaetan Ladouceur on January 08, 2020


As with most things federal, it consists of smoke and mirrors designed to confuse those who will not do any further investigation. Seems like this is move will have little effect as many other deductions have been removed. And please stop calling anything relating to this policy a cost; it costs nothing and simply is a reduction in revenue for one part of an increasingly complicated tax regime.

By Lyle on January 08, 2020


There’ no real benefit to taxpayers

By Gail Clayton-Brown on January 08, 2020


it should freeze the upper bracket and increase lower brackets.

By Gerry Campbell on January 08, 2020


No comment

By Bruce on January 08, 2020