OTTAWA REDUCES GST FOR SECOND TIME
Although we won't get the benefit for Christmas shopping, the GST will be reduced by another 1% to 5% effective Jan. 1/08.The basic personal exemption is also being increased to $9600 for 2007 and 2008 and to $10,100 for 2009.
While any tax reduction is a welcome relief, with bulging tax coffers it is possible the reductions could have been even more generous. That said, any reduction in our taxes is a welcome decision by any level of government.
Now if the province and city hall would just follow suit! Are you listening Mr. Campbell and Mr. Korpan?
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