Showing posts with label tax deduction. Show all posts
Showing posts with label tax deduction. Show all posts

Thursday, 7 April 2011

How Poor is Poor Enough?

Harper and Alexander
Recently Conservative Chris Alexander made the assertion that Canada has eradicated poverty.  Statements like this are disheartening.  Many Canadians have to make the difficult choice between paying the rent or buying food.  And because people in Canada live on more than $2.00 per day the Conservatives would argue that they are not poor.

If Conservatives are as fiscally intelligent as they claim to be, it would be obvious that purchasing power and not just net income must also be considered.  I would challenge this Candidate to live on the social assistance or minimum wage of his province and see how much of a challenge it can be to acquire the essentials. Yes Mr. Alexander for the most part we do not have people starving in the streets, though we do have many that go hungry.  In a country as rich as Canada, it's a national disgrace.

If the money that Stephen Harper wants to spend on giving tax cuts to profitable corporations was instead spent on addressing the root causes of poverty.  Then, maybe we really could eliminate poverty in Canada.

No policy your party has presented so far will help people living below the poverty line.  News flash low income families rarely have the money to put their kids in organized sports or join fitness clubs.  And I can guarantee you they do not have enough money to max out their TFSA (assuming they have one) at the current limit let alone this mystical increase that will supposedly happen 5 years from now.

It has always been amazing to me how Fat Cats can convince the mice to vote for them but it happens time and time again


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Tuesday, 11 March 2008

Flaherty continues his War on Education


Many Ontarians remember how the Mike Harris Government waged war on the Ontario education system and spent much of their time trying to vilify the province’s school teachers. Well it seems former Harrisite Finance Minister Jim Flaherty is trying to recreate the bad old days on a national scale. The target this time is a private members bill that would offer parents the ability to deduct up to $5000 in Registered Education Savings Plan contributions from their income.

His reason, it would cost the government coffers "$1 billion or more." Hmm… Stephen Harper’s Conservatives’ 1-point reduction in the GST cost the federal government over $4 billion. It seems Finance Minister Flaherty feels that parents would rather save a penny on their morning coffee than put their kids through school.

Reaction to: Conservatives outline plan to kill Liberal RESP bill


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