Friday, January 30, 2009
One Giveth, The Other Taketh Away
Nifty overall tax cuts announced yesterday "One Giveth, the Other Taketh Away" as quoted by the Canadian finance Minister 'Jim Flaherty.'
Sounds good but who has a clue how it will shake down on our tax returns.
At www.budget.gc.ca is a 'tax saving calculator.'
It seems to suggest the average adult will pay about $150 to $200 dollars less in Canadian federal taxes, To be gobbled up of course by increased city taxes and fees.
But never fear, the Canadian tax board is very generous to their taxpayers. They give you free income tax filing forms.
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