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

@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.