Monday, June 19, 2006

gst

yes, the goods and services tax. it's that lovely value added tax that mulroney introduced back in the day. a wonderful little consumption tax - the one we should be raising, rather than lowering (... but that's another rant, for a different day)

yes folks, that's right, i don't know if you heard the news - but the gst will be decreasing by one percentage point (from 7% to 6%) effective july 1, 2006.

now, i know this has been all over the news - but subsequent to a couple conversations i had this evening with rather intelligent, well-read individuals - apparently not everyone knows this!

kiddies, this is why you need to read the news! *just shakes her head*

1 comment:

Anonymous said...

This is such a shame, cus all my major purchases for the year have already been made.

But I'm with you on the tax to raise bit. Lower income tax, save people real money, give them more buying power!