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"Our
Government promised Canadians that we would reduce the
G.S.T. to five per cent and we have delivered by beginning
this reduction on New Year's Day. The cut will assist in
improving consumer confidence, encourage business growth,
and strengthen the Canadian economy."
He
said the two-stage reduction from 7 per cent will mean
significant individual savings:
•
A family purchasing a new $300,000 home will save $3,840;
•
A family spending $10,000 on home renovations will save
$200;
•
A family spending $30,000 on a new vehicle will save $600
in G.S.T.
Mr.
Tilson noted that since forming the government two years
ago, the Harper Conservatives have reduced the overall tax
burden for Canadians and businesses, bringing taxes to
their lowest level in nearly half a century.
"Our
Government has established a proud legacy of tax relief
for Canadians," he said.
"This
is a tremendous achievement that benefits all Canadians
and demonstrates our Government's commitment to putting
Canadians first by keeping our promises to them."
Source
: Orangeville Citizen - Orangeville, Canada, dated
10/01/2008
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