Mastodawn

A few days back, Carney cut a bunch of social services, and some elderly said that they'd much rather see higher taxes than cut services.

If the elderly are so obsessed with getting people to pay higher taxes, here's what I propose:

- cut back OAS (perhaps lower the threshold for clawbacks)
- eliminate property tax deferrals
- reduce or eliminate pension income tax credits (such as what's applied for CPP income and RRSP withdrawals)

Makes things a lot more fair this way.

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Wordstitcher

1d ago

@manlycoffee
No need for cuts if the billionaires paid what they should and didn't hide their money in offshore accounts.
A 5% tax on all income for everyone would put plenty of money in the coffers, simplify the annual tax returns, get rid of a lot of bureaucrats, and replace all the other taxes we pay now. It's done elsewhere.

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Sal Rahman 1d ago

@wordstitcher

As long as the working class doesn't end up "paying to work" (giving up a cut out of their income), then we're all good.

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Wordstitcher

22h ago

@manlycoffee
5% would not hurt anyone - especially if the other taxes were discontinued. In Hong Kong, employers pay an extra month's salary so that it doesn't sting. There are deductions for dependents. Their tax return is one side of one page, generated automatically by the tax dept. All you do is sign it and pay.
Think of what you pay now in taxes - tax free day is in July sometime, I think. That's more than half your income gone, just for taxes - and they always increase.

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Anne Delong 1d ago

@manlycoffee

Here's a link to an article telling about the 15,000 jobs that are being eliminated. I'm pretty elderly, but I'd pay more taxes in the ways you suggested rather than lose food and water inspectors, court workers, National Film Board workers, vehicle safety inspectors, border and prison guards, librarians, etc.

https://www.ctvnews.ca/ottawa/article/heres-where-15000-federal-public-service-jobs-will-be-cut-over-3-years/

#Canada #PublicService

Here’s where 15,000 federal public service jobs will be cut over 3 years

Nearly 15,000 full-time equivalent positions will be cut in federal departments over the next three years, as part of the federal government’s plan to find $60 billion in savings by 2029.

CTVNews