An anecdote from today’s Toronto issue of Metro News regarding the Federal Government’s announced “Mini-Budget”...
When asked about the Finance Minister’s statement that “these tax cuts will move some 385,000 people off the income tax rolls altogether,” Don Drummond, Chief Economist for TD Canada Trust, responded as follows:
“Don’t get sucked in by that … the low-income earners he refers to will hardly feel a benefit at all … Most of those people were only paying $5-10.”
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