One of the Liberals last pieces of legislation was to lower the bottom Federal tax rate from 16% to 15% for 2005.
An interesting thing about this; the forms CRA has printed for 2005 tax returns have the 16% rate listed. The forms you can print off of the CRA website list 15%.
However, if the Conservatives win, they have said they will reverse the tax cut. There is an article in today's
National Post about this.
Quote:
|
But the Conservatives called the CBC in early January to say that while they would allow the Liberal tax cut to stand for last year, they intend to immediately raise personal income taxes if they are elected.
|
Doesn't this appear counter intuitive?