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Showing posts from January, 2026

Published In The Great North Arrow, January 1, 2025: GST/HST Tax Break - Blessing or Burden

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- jim Young “Why does a small tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents?” - anon I remember a conversation regarding taxes I once had with my father's Aunt Dora when I was a young adult. I had complained to Aunt Dora about paying taxes. Aunt Dora quickly reminded me that I should be grateful that I was in a position to be able to pay taxes. The message was kind of a cross between a lesson to accept what I could not change and be grateful for the  things I have in life. I took that wise lesson to heart and to this day, I do not object to my responsibility to pay my fair share of taxes; at least in principle.  What I do object to is the government’s wisdom (or lack thereof) in defining what a “fair share” of my taxes are and their ability (or lack thereof) in the management of the revenues they receive from taxation. But just like everyone else… I will gladly accept any tax break offered to me. So why shouldn’t I reap the benefits...