[Newsbot]

Title: Renovation tax credit not yet approved: expert
Category: Business
Posted By: WDHIII
Date: 2009-08-06 08:27:54
Canadian

[Robair]

It would be political suicide not to pass this now.

[gigs]

I would like to see Iggy or Layton try to vote it down. Instant Conservative majority

[DerbyX]

gigs gigs:

I would like to see Iggy or Layton try to vote it down. Instant Conservative majority

http://money.canoe.ca/News/Other/2009/0 ... 6-sun.html

$1:

But what is perhaps surprising about the tax credit is that it has drummed up so much interest even though it has yet to pass Parliament and will not be up for a vote until the fall.

Don't worry

Liberal finance critic John McCallum said he asked Finance Minister Jim Flaherty to put the credit in the spring budget implementation bill so consumers would have certainty, but Flaherty apparently declined.

"I still think it will go through at the end of the day because we will certainly honour it, but people might still have a nagging doubt until it is passed and this could have been avoided," said McCallum.

Ted Menzies, parliamentary secretary for the minister of finance, said there's no reason for consumers to worry. Since the passing of the ways and means motion in the spring, Revenue Canada has been operating under the assumption the credit is law.

Instant majority for somebody anyway.

[ridenrain]

How dies this fit in with the Liberals "We must raise taxes" policy though?

[DerbyX]

ridenrain ridenrain:

How dies this fit in with the Liberals "We must raise taxes" policy though?

Thats my policy. Iggy has stated he will not rule out a tax hike in order to eliminate the deficit. See the difference?

[ridenrain]

It's sad that a no-one party hack on a forum has a better known and more comprehensive platform than the leaser of a national party. He also is addopting the Dion Green Shift too so that will just add more tax to the burdened taxpayers also.

[PublicAnimalNo9]

The irony is, the tax credit will be next to useless in Ontario anyway as McSquinty plans on taxing home reno's next year. Gotta LOVVVVE those Liberals.

And the Liberals wanting to raise taxes again? What a shock, didn't see THAT one coming

[DerbyX]

PublicAnimalNo9 PublicAnimalNo9:

The irony is, the tax credit will be next to useless in Ontario anyway as McSquinty plans on taxing home reno's next year. Gotta LOVVVVE those Liberals.

And the Liberals wanting to raise taxes again? What a shock, didn't see THAT one coming

The Cons running massive long term deficits for the forseeable future.

Didn't see that one coming?

[PublicAnimalNo9]

well gee here's a thought, How about LESS taxes and more responsibilty with the taxes they DO get. BOTH parties are included btw.

Hmmm, the Liberals claimed they balanced the budget. Balancing the budget also includes getting rid of the deficit. If it doesn't, then the budget isn't truly balanced.
If indeed the budget was truly balanced and not fudged( as has been done by BOTH parties numerous times federally and provincially), how is it that Harper got away with running a big deficit in only 4-5 years of a minority government? He sure couldn't have pulled that one off all by himself.

[DerbyX]

PublicAnimalNo9 PublicAnimalNo9:

well gee here's a thought, How about LESS taxes and more responsibilty with the taxes they DO get. BOTH parties are included btw.

Hmmm, the Liberals claimed they balanced the budget. Balancing the budget also includes getting rid of the deficit. If it doesn't, then the budget isn't truly balanced.
If indeed the budget was truly balanced and not fudged( as has been done by BOTH parties numerous times federally and provincially), how is it that Harper got away with running a big deficit in only 4-5 years of a minority government? He sure couldn't have pulled that one off all by himself.

The Liberals did eliminate the deficit. We had years of straight surpluses that went to pay down the debt.

As for not pulling it off by himself. The cons keep tripping all over themselves claiming Harper was the most effective minority leader ever and the Libs did nothing but abstain so yeah by his own supporters he did do it.

[ridenrain]

The Liberals did eliminate the deficit .... by stealig from the EI program.

[Curtman]

ridenrain ridenrain:

The Liberals did eliminate the deficit .... by stealig from the EI program.

Okay, wait a minute.. So you are in favour of seasonal workers collecting EI, or you aren't? You can't have it both ways.

You were complaining that these temporary E.I. measures would allow this to happen again.

[PublicAnimalNo9]

I have no problem with REAL seasonal workers collecting EI but can you tell me, what work season is only 320 hours long???

[Curtman]

PublicAnimalNo9 PublicAnimalNo9:

I have no problem with REAL seasonal workers collecting EI but can you tell me, what work season is only 320 hours long???

But 420 is okay somewhere, and 700 is okay somewhere else during a recession when the unemployment rate is changing?