Latest Article Posted 6:00 PM EST 30/11/06
PRIORITY ONE: 28 TAX CUTS
Conservatives promise widespread relief for middle class through 28 measures
Analysis: Stamping small-c philosophy all over Ottawa
First Conservative budget in 13 years demonstrates that these Tories have not abandoned their traditional view of the world
Provinces: Tories plot new course
The Harper government is steering the country in a radically different direction in the perpetual fiscal tug-of-war between Ottawa and the provinces.
Reaction
Political analysis: Survival comes cheaply for Harper minority
Facing crumbling support, Bloc pledge to vote for budget, wait until next year
Reaction: Budget riles many groups
Economists, however, applaud ‘realistic' approach
Business reaction: Strong economic position cemented
Conservative budget to provide fresh impetus to economy, stock market, but not enough to change current dollar trend, analysts say
Budget puts provinces at odds
Quebec heaps praise on Harper's fiscal plan as Ontario rejects equalization proposal
The 5 priorities
Child care: Plan favours stay-at-home parents
Won't close the gap between available and needed child-care spaces, critics say
GST: Harper's Canada Day gift
Government confirms its plan to trim federal sales tax to 6 per cent at cost of $4.3-billion a year
Wait times: Little new money seen
Government doesn't add anything to the pot that was committed 18 months ago by the previous Liberal regime.
Crime: Mounties, border guards among winners
Mounties and border guards emerged the only significant winners in a low-key federal security package that contained few surprises and left several large questions unanswered.
Accountability Act: Cost set at $164-million
Taxes
Your taxes: It depends how you slice the numbers
Several measures will ease the overall burden, notably a cut to the GST, but personal income taxes will also rise.
Sin taxes: Will rise to offset GST cut
If you think that new cut in the GST is going to save you money on smokes and booze, think again
Low-income changes: Moves get mixed reviews
Other policies
Analysis: Big tax cuts don't leave much room for error
1-per-cent rise in interest rates could push Ottawa into deficit, budget estimates show
Spending: Little headway toward reining it in
Only baby steps taken despite election pledges to trim expenditures by $22.5-billion over five years.
Defence: Big purchases not addressed
Despite promises, government gives hard-pressed military just $1.1-billion in new spending over two years.
Transit: Riders get tax break on passes
Budget offers millions for provinces to spend upgrading and expanding public transit and building affordable housing.
Pensions: Should surpluses top up public plans?
Ottawa wants provinces to consider using excess funds to reduce worker contributions
Aboriginals: Spending falls millions short of Kelowna promises
Tories commit $450-million over two years but deal calls for $800-million this year
Employment: Expense credit revived
It's designed to help offset commuting expenses, work clothes and other costs most people ring up just to go to work.
Arts: Tory budget has culture, but not much
Canada's arts and cultural community is putting a positive face on slight boost in funding
Business
Corporate Canada: Business scores on wide range of tax cuts
But interest rates may rise, economists say.
Charities: Rubbing their hands in glee
Tax change seen opening floodgates






