Harper's GST Tax Break - Formula Update
Save this online in Del.icio.us. [?] Vote For this PostCalculating one's GST tax break, under Harper's plan to cut it down to 5%, can be done using my three step formula.
To that I'd just like to add that besides groceries, there are some important items that are GST-free. Basically, if it's essential, it's not taxed by the GST. That means health care, prescription drugs, rent, daycare, and public transit are exempt. This info comes courtesy of La Presse's January 11th article on policy initiatives; sorry for the delay in posting this.
On that note, La Presse suggested policy initiatives they'd care to see. If you'd like to put your two cents in, you can collaborate on writing policy over at Canadian Policy Wiki.
posted by lecentre @ 9:45 p.m.
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