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News Roundup for June 28, 2024
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Premier Doug Ford's Ontario


From the above report:

Some of the newly announced investments and initiatives include:

  • Reducing the small business Corporate Income Tax rate to 3.2 per cent from 3.5 per cent, effective Jan. 1, 2020.
  • Reducing the aviation fuel tax rate to 2.7 cents per litre from 6.7 cents per litre.
  • Allowing free access for children to attractions, museums, galleries and historic sites (No start date has been announced).

****

I have no real thoughts on the aviation fuel move.

On the small business tax cut side, I find it somewhere between stupid and reckless. Even if one really wanted to cut taxes to small business, the preferred choice should be reducing and equalizing business education tax, which businesses pay as a fixed cost whether they are profitable or not.

Though I would argue for holding small business' aggregate tax burden steady (or a modest rise) by lowering and equalizing business education tax and by allowing a wholesale market for beer/wine to restaurants (they currently pay retail or sometimes even more) ; then raising the small business corporate tax rate to replace that lost revenue.

****

On free children's access to museums and galleries, I genuinely think that's a good idea; though this requires an age number, a start date and a budget cost.
 
tiffer24 said:
Whatever happened to all those "efficiencies"... at this rate it will take Doug 10 years to balance the budget--the government's top priority.

BREAKING: Finance Minister @RodPhillips01 announces that this year's deficit is now $9B, down from a projected $10.3B, but higher than the $7.4B last year. Spending is up to a record $163.8B.
Click to expand...

Lets note that if we applied the historically normative accounting standard for pension surplus accounting, as was done from Harris onward; the deficits would be 3.4B last year and 5B this year.

If you then raise the HST by just a single point, you raise no less than 3.5B (probably a bit more); which means the budget would balance by next year at the latest.

Raise it by 1 more point (so that HST would be 15% the same as it historically was, and the same as it is in Quebec, NS, NF, NB and PEI, and you could meaningfully increase social assistance rates; lower graduate tuitions by more than 1/2, and still have enough left over to offer a stripped down version of pharmacare OR to extend low-income dental benefits to everyone under 25, and offer more robust mental healthcare.

Just sayin.
 
Last edited:
Northern Light said:

From the above report:

Some of the newly announced investments and initiatives include:

  • Reducing the small business Corporate Income Tax rate to 3.2 per cent from 3.5 per cent, effective Jan. 1, 2020.
  • Reducing the aviation fuel tax rate to 2.7 cents per litre from 6.7 cents per litre.
  • Allowing free access for children to attractions, museums, galleries and historic sites (No start date has been announced).

****

I have no real thoughts on the aviation fuel move.

On the small business tax cut side, I find it somewhere between stupid and reckless. Even if one really wanted to cut taxes to small business, the preferred choice should be reducing and equalizing business education tax, which businesses pay as a fixed cost whether they are profitable or not.

Though I would argue for holding small business' aggregate tax burden steady (or a modest rise) by lowering and equalizing business education tax and by allowing a wholesale market for beer/wine to restaurants (they currently pay retail or sometimes even more) ; then raising the small business corporate tax rate to replace that lost revenue.

****

On free children's access to museums and galleries, I genuinely think that's a good idea; though this requires an age number, a start date and a budget cost.
Click to expand...

Will the small business Corporate Income Tax be of benefit to Doug's business, Deco Labels & Tags?

IF that company is actually making a profit (allegedly).
 
Yes! Finally ,a reduction in the tax rate for my small business. One that does absolute fuckal for my business but when multiplied by however many businesses it may apply to has a much more significant negative impact on the provincial treasury.

Wtf is the point? You're not fooling this small business owner.

No, wait, I'll be able to afford to invest in.....a beer for the lads every other Friday. Especially at a buck a beer! Gee, thanks uncle Dougie!


*walks off mumbling to himself something about foooking idjets*
 
tiffer24 said:
The Ford government is looking at new measures that would allow it to pass bills faster, and allow the premier to avoid almost all questions addressed to him in the legislature.

https://www.thestar.com/politics/pr...a&utm_campaign=&utm_campaign_id=&utm_content=
Click to expand...

Wants to be dictator of Ontario.

Now salute him.

doug_ford.jpg
 
Jasmine18 said:
All Parties say they are transparent until they need to hide their shady dealings.
Click to expand...

Yeah....I guess, but let's be real....the Liberals as a party institution are a paragon of dodginess, arrogance, and self-importance.
Our current PM embodies the party ideals perfectly! :)
 
Only one day after Doug takes credit for the strongest Ontario economy in a generation---new jobs report arrives.

The manufacturing sector lost 23,000 jobs, mostly in Ontario, while the construction sector lost 21,000. The losses were offset in part by an increase of 20,000 jobs working in public administration and 18,000 in finance, insurance, real estate, rental and leasing.

https://globalnews.ca/news/6144261/canada-october-2019-jobs-report/
 
^^

Sounds like a review of the data from the Ford era is needed to determine the accuracy of Fords statement. (updated to include October 2019 data)

214162
 
Uh oh! Alberta (Jason Kenney) maybe giving Ontario (Doug Ford) some bad ideas.

End to (Alberta) lottery fund won't impact charities relying on it, says UCP

From link.

The elimination of the Alberta Lottery Fund won’t interrupt the flow of gaming revenue to charities, the UCP government said Wednesday.

As part of its omnibus Bill 20, the government said it will be ending the fund, which distributed more than $331 million to 8,000 charities in 2017-2018.

That news has “panicked” many in the province whose cultural, sports and other community activities depend on the revenue derived from volunteers working at casinos and bingos, Lethbridge-West MLA Shannon Phillips said in question period Wednesday.

“Can you confirm that with the closure of the lottery that all the programs the fund gave money to will still exist, that all the funds that went to the programs will still go to those programs every time and all the same AGLC rules will still apply?” Phillips asked.

“When parents work at an overnight shift at a casino for their kids’ soccer team, they want to know where the money goes … let’s try to clear up this chaos.”

In response, Finance Minister Travis Toews said the move was being made to streamline government operations and that all the money raised through gaming will still reach the designated recipients.

“Charities and civic groups which provide such value for Albertans every day will continue to access these funds going forward,” he said.

The elimination of that fund and similar streamlining, said Toews, will result in $13 million in savings.

“I don’t expect the member opposite to understand that,” he said to Phillips.

But he admitted the issue was in need of clarification.

Phillips insisted the government hold a town hall for charitable groups to detail the impact of the changes and reassure them.
Click to expand...

She said Toews “has no problem communicating with his rich (corporate) friends” to which he’s given tax cuts, adding she can only hope the province won’t “raid” those lottery revenues to pay for that largesse.

In a statement, Alberta Treasury spokeswoman Jerrica Goodwin said “organizations conducting charitable casino events will still receive 15 per cent of the proceeds generated from slot machines in charitable casinos and they will continue to do so.”

While giving the government the benefit of the doubt over continued lottery revenue levels to charities, a man who oversees part of the non-profit sector said flowing those funds through general government revenues will reduce transparency.

“It frees the government up to make decisions on where the money goes without having to defend where that money goes,” said Russ Dahms of the Edmonton Chamber of Voluntary Organizations.

He noted most of the $1.4 billion raised by gaming in the province last year goes to government programs like education and health.

Dahms is more concerned about non-lottery-related cuts to non-profit groups announced in last week’s provincial budget.

“Instead of whining about it, we’ve got to get busy figuring out how best we can do with the resources we have,” he said.

Alberta is the only province with a gaming model that allows licensed charitable groups to manage casinos and bingos at fundraising events.

Last winter, the province launched a review of how the charitable gaming system is run and how the money raised is disbursed.

With the change in government last spring, that’s been put on hold but is expected to resume, said Dahms.
Click to expand...
 
Strange, I thought the right wing was totally into "stupid taxes" (as the lottery/gaming industry's often referred to)...
 
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