Richards Report – July 6, 2017 – Here a tax, there a tax, everywhere a tax

Here a tax, there a tax, everywhere a tax

Summer is in full swing and Canadians have been enjoying the warmer weather by spending more time outside, walking and hiking, hosting BBQs for family and friends, and enjoying a nice cold beer or glass of wine on the patio of their favourite watering hole.

The summer months fly by far too fast so everyone wants to make the most of their time before the days start getting too short and summer turns into autumn. Unfortunately, this year, more and more Canadians are feeling the pinch of higher taxes and many have to forego their favourite summer activities as the pressure on their pocketbook grows.

For example, let’s say you want to go out for a well-deserved night on the town after the end of a long week of work. You meet your friends at the pub and order your favourite drink. Only it costs more than it used to because the Liberal government has raised the excise tax on beer, wine, and spirits. An increase that is scheduled to keep rising year after year, in perpetuity.

After having a drink or two with your friends, you do the responsible thing and decide to take public transit or a ride-sharing service home. And now you’re hit again with higher fees as the Liberals have eliminated the public transit tax credit and introduced a new tax on Uber and other ride sharing services.

Worse still, this doesn’t even take into account the fact that your paycheque is already a bit smaller each week because of the additional payroll taxes brought in by the government.

In fact, since taking office, Justin Trudeau and the Liberals have raised taxes by:

· Cutting TFSA contributions by half

· Ending the Transit tax credit

· Ending the Family Tax cut

· Ending the Child Fitness Tax Credit

· Ending the Children’s arts tax credit

· Ending the Textbook tax credit

· Ending the Education Tax credit

· Introduced a federal carbon tax

· Raised beer, wine and spirit excise tax and scheduled it to keep rising ever year

· Added new tax to Uber rides

· Cancelled planned small business tax reductions

· Cancelled EI tax reductions

· Increased CPP tax payments

· Imposed higher taxes for companies that donate medicine to charities

· Increased user fees and scheduled those fees to rise every year, and

· Eliminated the first-time donor’s super credit for charitable donations

Not to mention the fact that the federal carbon tax introduced by the Liberal government already goes far and above what we’re paying now. This will increase the cost of everything – from groceries for a BBQ or picnic to gas for transportation to the cottage or for a boat ride on the lake.

Talk about taking the fun out of summer!