Sunday, May 07, 2006
Okay, I never really took notice in the past, but now it's personal. Since we came to Surrey, we've been noticing this PST on some of our receipts. Ouch! Thanks to the new Tory PM, we might just see some 1% cut off from our current GST (currently sitting comfortably at 7%). That's a whopping 6% GST (Goods & Services Tax for those of you still wondering)! I guess for those of you with kids are also quite happy - come July 2006 we will see a universal child care benefit that will put $1,200/kid under the age of six in the pockets of parents . . . apparently, this is still taxable, but to whichever spouse earns the lower income. Dude, it's nice living in Canada. If you are still going "huh"? Check out a summary of the 2006 Federal Budget here.