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January 1st it goes down to 5%.

 

:)

 

Currently we pay 13.95%. As of January 1st it be 12.875%. I remember if it was just yesterday, when we paid 15.025%.

 

All we have to do is twiddle our thumbs, when we see the price change on the products, because of the high dollar.

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Don't hold your breath, it hasn't been voted yet.

 

The Liberals have said they would not bring down the government on this, so it will happen.

 

As I said many times (and so says all real economists), this 1% GST reduction is a bad policy for the economy (excellent politics however).

 

The Quebec minister could have done something much better by taking those now 2% points of GST and adding it to the Quebec PST. That's 2 billions a year! Think about infrastructure work, think 12 km of subway line a year (as a reference), think a potential of 2 billions in Quebec income taxes reductions (and no, reducing sales taxes and income taxes is absolutely not the same).

But that won't happen either... It's just sad that taxpayers have so little understanding of economics.

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The Quebec minister could have done something much better by taking those now 2% points of GST and adding it to the Quebec PST. That's 2 billions a year! Think about infrastructure work, think 12 km of subway line a year (as a reference), think a potential of 2 billions in Quebec income taxes reductions (and no, reducing sales taxes and income taxes is absolutely not the same).

But that won't happen either... It's just sad that taxpayers have so little understanding of economics.

 

It might be a good idea, but it would be political suicide! We already complain that Québec is the most taxed province/state in all of North America.

 

How would you think people would react if all of Canada would get a tax break, while Québeckers would see their (already high level of) taxes go up some more???

 

Like I said, it would be Poitical suicide...déjà que le parti Libéral n'est pas très populaire au Québec, si Charest adoptait cette poition, les Libéraux se feraient "tuer" aux prochaines élections!

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Forget said she won't take the gst point and add it to the TVQ for the simple reason that it would simply accentuate the gap between Quebec fiscality and the ROC, it would encourage quebec residents to go shop in Ontario or the US rather than keep those consumers expenses in the province.

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Forget said she won't take the gst point and add it to the TVQ for the simple reason that it would simply accentuate the gap between Quebec fiscality and the ROC, it would encourage quebec residents to go shop in Ontario or the US rather than keep those consumers expenses in the province.

 

 

Je crois que j'ai lu la même chose ce matin. Bonne nouvelle. ça devrait aider le Québec à ralentir le nombre de gens qui quittent la province pour l'ouest!

 

Par contre, je me dis que le gouv. Harper aurait du reduir nos impôts au lieu de résuire la TPS encore!

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Je crois que les conservateurs voient une récession se poindre à l'horizon et veulent que la demande intérieur soit forte pour atténuer les conséquences! En baissant la TPS, les impôts aux entreprises, impôts sur le revenue, etc. C'est plusieurs milliards qui restent dans l'économie au lieu d'être chez le gouvernement.

 

C'est sûr que tous les économistes préfèrent les impôts sur la consommation au lieu du revenu, sauf que tous les économistes vous diront aussi que c'est mieux que l'argent reste sur le marché plutôt que dépensée par le gouvernement.

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