Investorial



5% GST will mean …

Now that The Conservatives are elected to form a minority Canadian government. I’m looking forward to Steven Harper’s commitment to reduce GST from 7% to 5%

A 5% GST will mean

  • $2 more in savings in your pocket for every $100 GST eligible purchase.
  • that it’ll be easier to calculate taxes using your head if only GST is involved.
  • that it’ll be much harder to calculate taxes using your head if GST and PST (Ontario) is involved. [Quick! What is 13% of $77.99?]

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    This entry was posted on Tuesday, January 24th, 2006 at 1:40 am and is filed under Canadian. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own blog.

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