03-18-2014, 03:15 PM
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#1
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First Line Centre
Join Date: Feb 2010
Location: Mckenzie Towne
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Jim Flaherty Resigns
He wants to return to the private sector. No replacement named yet.
I would imagine the majority will rejoice rather than mourn.
http://news.nationalpost.com/2014/03...herty-resigns/
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03-18-2014, 03:29 PM
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#2
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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He may be saying its not health related but I suspect that if he didn't have this issue to begin with, he'd stay in politics.
And I guess you can put me in the minority category. I think he's been a pretty good finance minister.
Last edited by Rerun; 03-18-2014 at 03:31 PM.
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03-18-2014, 03:30 PM
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#3
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Franchise Player
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Well no wonder it's health related, he hasn't changed his clothes in a year!
__________________
Quote:
Originally Posted by MisterJoji
Johnny eats garbage and isn’t 100% committed.
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03-18-2014, 03:33 PM
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#4
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Franchise Player
Join Date: Jul 2003
Location: Sector 7-G
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I guess Income Splitting will be happening after all...
Now who will Rob Ford call for subway funding?
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03-18-2014, 03:34 PM
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#5
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Franchise Player
Join Date: Mar 2007
Location: Calgary
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He hasn't looked healthy for a while now. I think history will look favourably on his tenure as finance minister.
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The Following User Says Thank You to burn_this_city For This Useful Post:
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03-18-2014, 03:39 PM
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#6
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My face is a bum!
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Quote:
Originally Posted by I-Hate-Hulse
I guess Income Splitting will be happening after all...
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I selfishly hope so. It would be like winning the lottery in my household.
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The Following User Says Thank You to Bill Bumface For This Useful Post:
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03-18-2014, 03:50 PM
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#7
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#1 Goaltender
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Quote:
Originally Posted by hulkrogan
I selfishly hope so. It would be like winning the lottery in my household.
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me too :-)
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03-18-2014, 03:52 PM
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#8
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Norm!
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I think he did a very good job as Finance Minister, I think that the income splitting disagreement with the Prime Minister helped him make a decision. There have been rumblings that he's been extremely ill and he's living with a lot of pain.
It will be interesting to see who steps in.
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03-18-2014, 03:56 PM
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#9
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Franchise Player
Join Date: May 2004
Location: YSJ (1979-2002) -> YYC (2002-2022) -> YVR (2022-present)
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I'm certainly no supporter of The Harper Government, but I always had respect for Flaherty and the job he's been doing as Finance Minister. I'm not sure who the CPC has in cabinet who is ready to step into such an important portfolio. Maybe Tony Clement or Joe Oliver?
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The Following User Says Thank You to MarchHare For This Useful Post:
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03-18-2014, 04:01 PM
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#10
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#1 Goaltender
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Quote:
Originally Posted by fotze
I have a single income household, would this income splitting thing help me? Any good primer on what it means
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If you consider transferring $50k (I think that's the limit) of your income taxed at bracket 'x' to your spouse at a lower bracket "help" than yes, it could help you...
Last edited by kevman; 03-18-2014 at 04:05 PM.
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03-18-2014, 04:34 PM
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#11
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Franchise Player
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Considering the global financial problems that he had to deal with I think he did a pretty good job. Big shoes to fill, Harper needs to find a really good replacement in the lead up to an election year.
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03-18-2014, 04:46 PM
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#12
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Norm!
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usually you consider your finance minister to be your bull pen guy in your succession planning if the Prime Minister decides to retire. Who his replacement is could be telling.
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03-18-2014, 05:53 PM
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#13
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Usually succession planning is more the Foreign Affairs guy and they stick someone else with Finance. Historically that's more or less the way its played out, anyway.
Flaherty was ok in my eyes. Not amazing, could've done worse. We're mired in debt and still paying for economic action plan signs and commercials, but we got TFSAs. He brought in a bunch of piddly tax credits for $85 each, and hiked EI premiums, and of course rolled back OAS. But he stayed the course on Martins bank regulations so I'm satisfied with that.
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03-18-2014, 06:51 PM
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#14
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Franchise Player
Join Date: Oct 2001
Location: Calgary, AB
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Flaherty did a good job limiting the debt from the global meltdown better than most countries. Canada will have a surplus next year as well, how many countries can say that? This was done while decreasing taxes and introducing the TFSA.
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03-18-2014, 07:13 PM
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#15
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Franchise Player
Join Date: Dec 2003
Location: Probably stuck driving someone somewhere
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Looks like we have a winner...
http://www.cbc.ca/news/politics/joe-...ster-1.2577648
Quote:
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Natural Resources Minister Joe Oliver will become the federal government's new finance minister, replacing Jim Flaherty who announced his resignation earlier on Tuesday, CBC News has learned.
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03-18-2014, 07:43 PM
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#16
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Franchise Player
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Oliver will probably just put everything on cruise control until the next election barring any major problems popping up in the meantime. By all accounts the budget is already balanced.
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03-18-2014, 08:56 PM
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#17
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Franchise Player
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I think the Conservatives lack of depth will start to show
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03-19-2014, 04:02 AM
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#18
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Has lived the dream!
Join Date: Apr 2004
Location: Where I lay my head is home...
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Yeah he was a pretty decent finance minister. Not sure who would be rejoicing over him leaving. That said, I'm not 'mourning' either. He did a good job, but he wasn't a wizard or anything, in fact, he was just rather safe. Which is probably a good thing, it just won't inspire strong reactions either way I don't think.
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03-19-2014, 08:47 AM
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#19
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First Line Centre
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Flaherty did a fine job in limiting spending and cutting both GST and corporate tax rates. Oliver with his Bay street experience should be a good fit.
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03-19-2014, 10:03 AM
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#20
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First Line Centre
Join Date: Feb 2010
Location: Mckenzie Towne
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Quote:
Originally Posted by Daradon
Yeah he was a pretty decent finance minister. Not sure who would be rejoicing over him leaving. That said, I'm not 'mourning' either. He did a good job, but he wasn't a wizard or anything, in fact, he was just rather safe. Which is probably a good thing, it just won't inspire strong reactions either way I don't think.
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Mortgage brokers will... 
I kid, I kid, I do understand the majority of decisions he made were necessary.
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