https://twitter.com/ DavidRayAmos/with_replies
David Raymond Amos @DavidRayAmos
Replying to @DavidRayAmos@alllibertynews and 49 others
Methinks Mr Scheer may have to come up with a better plan now that he has to debate his old buddy Max in 2 Official Languages on National TV N'esy Pas?
https://davidraymondamos3.blogspot.com/2019/09/conservative-leader-andrew-scheer.html
https://www.cbc.ca/news/politics/conservative-leader-andrew-scheer-universal-tax-credit-1.5284500
10687 Comments
David Raymond Amos
Methinks Mr Scheer may have to come up with a better plan now that he has to debate his old buddy Max in 2 Official Languages on National TV N'esy Pas?
David Raymond Amos
David Raymond Amos
Methinks Mr Scheer should ask the boss of the CRA The Honourable Diane Lebouthillier about the letter she sent me in 2017 about KPMG if he is truly serious and fair taxation Anyone can find it on the Internet just search her name and mine at the same time N'esy Pas?
David Raymond Amos
Methinks for the next month the onus is on Mr Prime Minister Trudeau The Younger and all the other parties who sat in the 42nd Parliament to explain why they supported the answer of the Harper government to the lawsuit I filed in 2015 before I put in before the Supreme Court. In my humble opinion the Federal Court Rule 55 is not only an affront to the Charter but a rather huge insult to all Canadians who truly believed that no one was above the law N'esy Pas?
Bill Denning
Trudeau cannot be trusted. SNC. Electoral reform. Gr op ing. Who is this guy?
David Raymond Amos
Reply to @Bill Denning: Methinks he is just another puppet for the corporate elites just like his daddy was N'esy Pas?
Dave Gilmore
Poor raggedy andy, you cheated to become reformer leader, and you will most certainly cheat Canada. giving monies with one hand and taking with the other.
Bill Denning
David Raymond Amos
Reply to @Dave Gilmore: Methinks there must be some reason I am humming a lot of old Pink Floyd tunes today N'esy Pas?
William Knot
I would settle for just scrapping the carbon tax, but I'll take it!
Mo Bennett
David Mccaig
SORRY ANDREW nothing you can other , even for FREE will get you my vote.
David Raymond Amos
Daryll Mcbain
Canadians pay to much tax for the services we receive.
Also,
How come when Trudeau spends billions we don’t get to hear how much it costs?
Alexander Graham
I'd rather pay more for environmental responsibility
Harold Dyck
Four consecutive conservative provincial govts were just elected. Their common message, cost of living and spending our tax dollars wisely. No social justice warrior messaging, just simple kitchen table budget economics.
Oh ya, one more thing, Justin is not trustworthy.
David Allan
Bill Denning
Fire Trudeau. Cut sending billions overseas. Cut the vote buying money to Quebec. Budget balanced. Equilibrium and prosperity restored.
David Raymond Amos
James Felding
Years of frivolous Liberal government spending on any, and all virtue signalling projects then Suddenly on September 15th 2019 all the Liberal supporters are concerned about budget deficits. Thank you for the laughs. Ever thought if going into stand up?
David Raymond Amos
Reply to @James Felding: Welcome to the Circus
Conservative Leader Andrew Scheer unveiled a new tax cut plan Sunday that he says will save taxpayers hundreds of dollars a year, a key plank of the Tory platform to make life more affordable.
Scheer said, if elected, a Conservative government would cut the tax rate on taxable income under $47,630 to 13.75 per cent from 15 per cent.
Based on the party's calculations, the average single taxpayer would save about $444 a year. A two-income couple earning an average salary would save about $850 a year.
"We're going to deliver a tax cut targeted specifically at taxpayers in the lowest-income tax bracket. This means that every Canadian will see their income taxes go down and those in the lowest tax bracket see the biggest benefit of all," Scheer said at a campaign stop in Surrey, B.C.
"This means more money to pay the bills, to save up for your kids' education or maybe even finally afford a family vacation," he said.
The party said the tax cut will be phased in over the course of a four-year mandate starting with a reduction to 14.5 per cent on Jan. 1, 2021, then to 14 per cent by Jan. 1, 2022 and then to 13.75 per cent on Jan. 1, 2023.
Based on Canada Revenue Agency data from 2017, about 34 per cent of country's 27.8 million taxpayers have taxable earnings over $47,630 and thus will be able to claim the maximum benefit of this cut.
The other 66 per cent of all tax filers have lower taxable earnings and will see proportionally less of a benefit from the cut.
The Parliamentary Budget Officer (PBO), the agency of Parliament that provides independent, non-partisan financial analysis, said the Conservative promise will cost the federal treasury about $14.075 billion in lost revenue between 2020-21 and 2023-24.
In subsequent years, the tax cut will mean roughly $6 billion less a year in federal revenue.
The costly cut is similar to a major tax change made by the former Conservative government.
Under Stephen Harper, the government cut the Goods and Sales Tax (GST) to six per cent in 2006 and then again to five per cent in 2008. According to PBO calculations, the cut cost the federal treasury about $14 billion a year in lost revenue.
Despite the price of his proposed tax cut, Scheer said he is still committed to balancing the federal budget in a "responsible" timeframe.
"We're going to get back to balanced budgets while we find ways to lower taxes and put money back in the pockets of Canadians," he said, while adding a Conservative party would not cut social transfers to the provinces for programs like health care and education.
While initially promising an accelerated schedule of getting back to fiscal balance in two years, Scheer has since said he will balance the books within five years.
The tax cut announced Sunday is not unlike the Liberal government's "middle class tax cut," which was implemented after the last federal election.
However, that cut targeted the middle-income bracket — which applies on taxable income between $47,630 and $95,259. The Liberals reduced the rate of that bracket to 20.5 per cent from 22 per cent.
The Canadian Taxpayers Federation, an advocacy group that lobbies for lower taxes and smaller government, praised the Conservative plan Sunday, saying it will deliver "broad-based tax relief."
"Affordability is a key issue in this election campaign and leaving billions in the pockets of Canadian taxpayers is a great policy," said Aaron Wudrick, the federal director of the federation. "This income tax cut is exactly what taxpayers need: it would save Canadian families about $850 a year."
However, it's not just the first income tax bracket rate that would change with this proposal.
The Conservatives have already recalculated their previously announced tax credit proposals — for public transit and maternity and parental leave benefits — to account for the lower overall tax rate that would be in place as a result of this income tax cut.
Scheer did not say how it would affect other federal non-refundable tax credits — such as those for volunteer firefighters, search and rescue volunteers, home buyers, people with adoption expenses and for interest on student loans, among other eligible categories — which are all currently based on the lowest tax bracket of 15 per cent.
On the affordability theme, Scheer and the Conservatives recently unveiled a campaign ad featuring the party's election slogan: "It's time for you to get ahead."
The Conservatives are expected to unveil a series of campaign commitments in the same vein as this tax cut. Already, they have promised a non-refundable tax credit on maternity and parental leave Employment Insurance (EI) benefits. They've also vowed to remove the federal GST from sales of home heating fuels.
Scheer has also promised to reinstate the federal tax credit for transit passes, which, according to party estimates, would save a family of four transit users in the Greater Toronto Area nearly $1,000 a year.
Like his provincial conservative counterparts, Scheer has railed against the federal Liberal government's carbon tax and he has vowed to scrap it if elected. The Liberals maintain the initiative will lower greenhouse gas emissions and will be rebated to most families at tax time.
Canada's tax system is a progressive one with graduated brackets, meaning rates vary according to the amount of income you earn — and you pay different rates on different portions of your income.
In 2019, the income tax brackets are as follows:
CBC's Journalistic Standards and Practices
David Raymond Amos @DavidRayAmos
Replying to @DavidRayAmos@alllibertynews and 49 others
Methinks Mr Scheer may have to come up with a better plan now that he has to debate his old buddy Max in 2 Official Languages on National TV N'esy Pas?
https://davidraymondamos3.blogspot.com/2019/09/conservative-leader-andrew-scheer.html
https://www.cbc.ca/news/politics/conservative-leader-andrew-scheer-universal-tax-credit-1.5284500
Conservative Leader Andrew Scheer promises tax cut to save average taxpayer hundreds of dollars
10687 Comments
David Raymond Amos
Methinks Mr Scheer may have to come up with a better plan now that he has to debate his old buddy Max in 2 Official Languages on National TV N'esy Pas?
David Raymond Amos
Content disabled
Methinks CBC forgot to close this comment section after it went into shock about Bernier being invited to debate N'esy Pas? David Raymond Amos
Methinks Mr Scheer should ask the boss of the CRA The Honourable Diane Lebouthillier about the letter she sent me in 2017 about KPMG if he is truly serious and fair taxation Anyone can find it on the Internet just search her name and mine at the same time N'esy Pas?
David Raymond Amos
Methinks for the next month the onus is on Mr Prime Minister Trudeau The Younger and all the other parties who sat in the 42nd Parliament to explain why they supported the answer of the Harper government to the lawsuit I filed in 2015 before I put in before the Supreme Court. In my humble opinion the Federal Court Rule 55 is not only an affront to the Charter but a rather huge insult to all Canadians who truly believed that no one was above the law N'esy Pas?
Bill Denning
Trudeau cannot be trusted. SNC. Electoral reform. Gr op ing. Who is this guy?
David Raymond Amos
Reply to @Bill Denning: Methinks he is just another puppet for the corporate elites just like his daddy was N'esy Pas?
Dave Gilmore
Poor raggedy andy, you cheated to become reformer leader, and you will most certainly cheat Canada. giving monies with one hand and taking with the other.
Bill Denning
Reply to @Dave Gilmore: Gerald. Get a real job.
Jay Voorhees
Reply to @Dave Gilmore: Exactly
David Raymond Amos
Reply to @Dave Gilmore: Methinks there must be some reason I am humming a lot of old Pink Floyd tunes today N'esy Pas?
William Knot
I would settle for just scrapping the carbon tax, but I'll take it!
Mo Bennett
Reply to @William Knot: if you believe Andy, I've got a nice bridge up by Nipigon that I can sell ya reel cheap.
David Raymond Amos
Reply to @mo bennett: YO MO Methinks Justin will by your bridge if you would only start sing his praises ASAP N'esy Pas?
David Mccaig
SORRY ANDREW nothing you can other , even for FREE will get you my vote.
David Raymond Amos
Reply to @david mccaig: Methinks everybody knew that out of the gate N'esy Pas?
Daryll Mcbain
Canadians pay to much tax for the services we receive.
Also,
How come when Trudeau spends billions we don’t get to hear how much it costs?
David Allan
Reply to @Rob Davidson:
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that affirms one's prior beliefs or hypotheses. It is a type of cognitive bias and a systematic error of inductive reasoning.
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that affirms one's prior beliefs or hypotheses. It is a type of cognitive bias and a systematic error of inductive reasoning.
David Raymond Amos
Reply to @David Allan: Methinks its not rocket science Hence there is no need of fancy words to explain that CBC will never bite the hand that feeds N'esy Pas?
Alexander Graham
I'd rather pay more for environmental responsibility
Mark Baker
Reply to @Mark Baker: the fact that Canadians are even thinking about what they can do shows the "carbon tax" is dong what it should.
David Raymond Amos
Reply to @Mark Baker: Yea Right
Harold Dyck
Four consecutive conservative provincial govts were just elected. Their common message, cost of living and spending our tax dollars wisely. No social justice warrior messaging, just simple kitchen table budget economics.
Oh ya, one more thing, Justin is not trustworthy.
David Allan
Reply to @Jack Slate:
" wynne had a 10-11B planned deficit...how is that less than 7B?"
Ford said it was $15B.
How is the reality not good? Why do you need to try to spin the fact that it was less than budgeted and half what Ford claimed?
Some of us live in actual reality.
" wynne had a 10-11B planned deficit...how is that less than 7B?"
Ford said it was $15B.
How is the reality not good? Why do you need to try to spin the fact that it was less than budgeted and half what Ford claimed?
Some of us live in actual reality.
David Raymond Amos
Reply to @Harold Dyck: True
David Raymond Amos
Reply to @David Allan: Methinks that is all true as well but your seemed have overlooked the New Brunswick provincial election that I ran in last fall for rather obvious reasons N'esy Pas?
Bill Denning
Fire Trudeau. Cut sending billions overseas. Cut the vote buying money to Quebec. Budget balanced. Equilibrium and prosperity restored.
David Raymond Amos
Reply to @Bill Denning: Dream on
James Felding
Years of frivolous Liberal government spending on any, and all virtue signalling projects then Suddenly on September 15th 2019 all the Liberal supporters are concerned about budget deficits. Thank you for the laughs. Ever thought if going into stand up?
David Raymond Amos
Reply to @James Felding: Welcome to the Circus
Conservative Leader Andrew Scheer promises tax cut to save average taxpayer hundreds of dollars
Under Tory plan, the average single taxpayer would save about $444 a year
Conservative Leader Andrew Scheer unveiled a new tax cut plan Sunday that he says will save taxpayers hundreds of dollars a year, a key plank of the Tory platform to make life more affordable.
Scheer said, if elected, a Conservative government would cut the tax rate on taxable income under $47,630 to 13.75 per cent from 15 per cent.
Based on the party's calculations, the average single taxpayer would save about $444 a year. A two-income couple earning an average salary would save about $850 a year.
"We're going to deliver a tax cut targeted specifically at taxpayers in the lowest-income tax bracket. This means that every Canadian will see their income taxes go down and those in the lowest tax bracket see the biggest benefit of all," Scheer said at a campaign stop in Surrey, B.C.
"This means more money to pay the bills, to save up for your kids' education or maybe even finally afford a family vacation," he said.
Cut will be phased in
The party said the tax cut will be phased in over the course of a four-year mandate starting with a reduction to 14.5 per cent on Jan. 1, 2021, then to 14 per cent by Jan. 1, 2022 and then to 13.75 per cent on Jan. 1, 2023.
Based on Canada Revenue Agency data from 2017, about 34 per cent of country's 27.8 million taxpayers have taxable earnings over $47,630 and thus will be able to claim the maximum benefit of this cut.
The other 66 per cent of all tax filers have lower taxable earnings and will see proportionally less of a benefit from the cut.
The Parliamentary Budget Officer (PBO), the agency of Parliament that provides independent, non-partisan financial analysis, said the Conservative promise will cost the federal treasury about $14.075 billion in lost revenue between 2020-21 and 2023-24.
In subsequent years, the tax cut will mean roughly $6 billion less a year in federal revenue.
The costly cut is similar to a major tax change made by the former Conservative government.
Under Stephen Harper, the government cut the Goods and Sales Tax (GST) to six per cent in 2006 and then again to five per cent in 2008. According to PBO calculations, the cut cost the federal treasury about $14 billion a year in lost revenue.
Still committed to balancing the books
Despite the price of his proposed tax cut, Scheer said he is still committed to balancing the federal budget in a "responsible" timeframe.
"We're going to get back to balanced budgets while we find ways to lower taxes and put money back in the pockets of Canadians," he said, while adding a Conservative party would not cut social transfers to the provinces for programs like health care and education.
While initially promising an accelerated schedule of getting back to fiscal balance in two years, Scheer has since said he will balance the books within five years.
Politics News
Scheer maintains he will balance budget
The tax cut announced Sunday is not unlike the Liberal government's "middle class tax cut," which was implemented after the last federal election.
However, that cut targeted the middle-income bracket — which applies on taxable income between $47,630 and $95,259. The Liberals reduced the rate of that bracket to 20.5 per cent from 22 per cent.
Taxpayer's federation likes it
The Canadian Taxpayers Federation, an advocacy group that lobbies for lower taxes and smaller government, praised the Conservative plan Sunday, saying it will deliver "broad-based tax relief."
"Affordability is a key issue in this election campaign and leaving billions in the pockets of Canadian taxpayers is a great policy," said Aaron Wudrick, the federal director of the federation. "This income tax cut is exactly what taxpayers need: it would save Canadian families about $850 a year."
However, it's not just the first income tax bracket rate that would change with this proposal.
The Conservatives have already recalculated their previously announced tax credit proposals — for public transit and maternity and parental leave benefits — to account for the lower overall tax rate that would be in place as a result of this income tax cut.
Scheer did not say how it would affect other federal non-refundable tax credits — such as those for volunteer firefighters, search and rescue volunteers, home buyers, people with adoption expenses and for interest on student loans, among other eligible categories — which are all currently based on the lowest tax bracket of 15 per cent.
More tax promises coming
The Conservatives are expected to unveil a series of campaign commitments in the same vein as this tax cut. Already, they have promised a non-refundable tax credit on maternity and parental leave Employment Insurance (EI) benefits. They've also vowed to remove the federal GST from sales of home heating fuels.
Scheer has also promised to reinstate the federal tax credit for transit passes, which, according to party estimates, would save a family of four transit users in the Greater Toronto Area nearly $1,000 a year.
Like his provincial conservative counterparts, Scheer has railed against the federal Liberal government's carbon tax and he has vowed to scrap it if elected. The Liberals maintain the initiative will lower greenhouse gas emissions and will be rebated to most families at tax time.
Canada's tax system is a progressive one with graduated brackets, meaning rates vary according to the amount of income you earn — and you pay different rates on different portions of your income.
In 2019, the income tax brackets are as follows:
- 15 per cent on the first $47,630 of taxable income, plus
- 20.5 per cent on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259), plus
- 26 per cent on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667), plus
- 29 per cent on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus
- 33 per cent of taxable income over $210,371
PBO report on Scheer's tax cut plan
Corrections
- The headline on this story has been updated from an earlier version which referred to a tax credit. The proposal is for a tax cut.Sep 15, 2019 4:36 PM ET
CBC's Journalistic Standards and Practices
https://laws-lois.justice.gc.ca/eng/regulations/sor-98-106/fulltext.html
55 In special circumstances, in a proceeding, the Court may vary a rule or dispense with compliance with a rule.
SOR/2004-283, s. 11