CPP increases necessary: Flaherty

I guess this is what happens when the population ages faster than we are having children.

Come on everybody get re-producing!!!

People need to plan for retirement on their own.. Cpp and old age pensions wont do much for you.. there are a lot of people who don't put money into retirment programs.. If you started when you started to work with 10 bucks a pay you would be better off when you retired.

Add it to the list.

Health Care premium.

HST

Now CPP.

Tax, tax, tax, tax.......

In this case I agree with the CPC and the increase. Better a small increase now then risk the CPP later.

And all these taxes his lower income earners disproportionately. HST, Health care premiums are purely regressive taxes. CPP max earnings are 47k. Gordon Campbell likes to play this game too - brag about reducing taxes, including those for high income earners, then add fees etc that hit the lower income people the most.

And of course bullshit about how healthcare is gobbling up more and more of the spending. Yeah it is, in proportion, because other spending has been reduced. Health care spending as a proportion of GDP had remained stable.

andy, my beef with the 'Health Care premium' is on a few levels. It's been in since 2003.
The Region where I live has grown by 40% since then as part of Ontario's 'Smart Growth'. No new hospitals in that time. No new roads. No new infrastructure but they keep on raping my wallet and wasting billions on untendered projects like 'e-health' etc.

I won't be getting any HST rebates because of my pay bracket. But I'll certainly be paying out a lot more which means I'll be purchasing less because my available funds will be paying more taxes.

Gotta go, must spend fuckin' hours digging up the thousands of frigging dandelions in my lawn because the Ontario Liberal's banned weed killer.

If your earnings are above 80k or 160 for your family, then I don't think you have much to worry about. I can't see your budget being so tight that it would force you to reduce spending. VAT taxes actually seem to be the darling of the economists, that they are one of the best forms of taxation out there. My only objection is that it will cut into people who can least afford it., but then supposedly for people below 40k the tax is a wash, so I guess it's not too bad.

But I would like to see a more progressive income tax system - the more you earn the higher your tax rate, since your discretionary income is so much higher.

My pay is one thing but I pay out (ex-wife, kids) a lot.

None of that is taken into account. My gross is a lot less once child support etc is taken out but I won't be getting HST rebates and my Health Care Premium is in one of the highest brackets, despite the fact that I have less to spend than a wage earner getting tens of thousands less without child support to pay.

I'm sure I'm not the only guy in Ontario paying child support with that lower level of available income not being taken into account.
It's hardly fair.

Maybe I should just quit work, let the Province pay for my kid and get all the rebates like convicted felons do?

The rules about child support are total bullshit. If your kid was living with you, and your income was below 160,000, you would get a $1000 rebate.

Same deal at tax time, I believe child support payments are not deductible, nor should they be. But I believe you also can't claim the child tax deduction, right?

The people who think up these rules are crazy.

As far as your plan to let the province pay for your kid - good luck with that. It's going to be a lot less money for you than you have now.

And the rebates only go to felons who are in jail 90 days or less - hardly the hard core.

Maybe you know but in Quebec, we have our own pension plan (we are different, you know...)

In 2032, the treasury will be at 0$. It's like a Ponzi scheme.

But we are obligated to pay from our earnings.

Yes, I agree with Derby. I don't agree with too mnay taxes, but I've had a feeling that the CPP was too low.

We wouldn't have this problem if we dropped the price of smokes and brought back cigarette advertising aimed at kids!

The rules about child support are total bullshit. If your kid was living with you, and your income was below 160,000, you would get a $1000 rebate.

Same deal at tax time, I believe child support payments are not deductible, nor should they be. But I believe you also can't claim the child tax deduction, right?

The people who think up these rules are crazy.

As far as your plan to let the province pay for your kid - good luck with that. It's going to be a lot less money for you than you have now.

And the rebates only go to felons who are in jail 90 days or less - hardly the hard core.

I'm just being pedantic!

But nope, my child support isn't tax deductable and it's measured on pre-tax income then taken from my after tax final amount.

I don't begrudge paying out for my kid, what I do begrudge is being further taxed on a gross income that bears no relation to what's left after support payments.

Plus I hate Dalton.

Don't hate Dalton for the HST.. its harper's tax, the brain child of harper and flawherty. designed to do just what it is doing... hate Dalton for many reasons but not the Harper Sales Tax

If it was Harpers sale tax it would be in every province.

This is Dalton's tax. We will be paying HST on things that were never taxed before provincially. This is Dalton's tax and it's just more of the same from Ontario Liberals.

We wasted more on e-health in Ontario than it's costing to host the G20. Every year we don't collect taxes on billions of smuggled cigs into Ontario, smuggled by Natives who don't pax taxes but get Federal and Provincial support.

There's a lot going wrong in this province and the HST just means another 8% on everything.