[Reverend Blair]

I just saw Harper talking to Mansbridge and Harper was referring to himself in the third person. He also denied calling the last parliament dysfunctional.

As for his platform...if it was a deck it would be too flimsy to meet the building code.

[ziggy]

Care to elaborate with something other then empty rhetoric?

You whined for a plan and you got it.

[ziggy]

2 cent cut in the diesel tax,good for farmers or anyone who depends on it to get their goods which is everyone.It wont be a savings but it might at least keep things from getting too expensive if the economy go's for a shit.

[ziggy]

If someone could post a list of the platform,we can go over it point by point and see what it look's like.
Then the libs and dippers can say what's wrong with each point and we can discuss it.

I think what he proposed today was pretty good.
I would like to hear why other's think it's bad without mentioning Bushco.

Let's start with the tax free saving's plan that the government could never touch?
What's wrong with that?

[Tracker]

Liberal Ken Dryden just compared Canada's 'possible' economic problems to Mexico during 9/11.

[hurley_108]

ziggy ziggy:

Let's start with the tax free saving's plan that the government could never touch?
What's wrong with that?

The RESP plan they killed earlier this year was better by allowing you to deduct the contribution from your taxes like an RRSP, AND the interest was tax-free. Sure the withdrawals were taxable, but students are low-income, and get massive tax deductions for being students anyways, so it was as good as tax free. And there's the added benefit to the country of encouraging saving for education in specific.

So what's wrong with it is that it lives while a better savings plan died.

[ziggy]

Well if you dont pay tax's when it go's in or out then it's good for all and not just students.

Us working folks want a break too.
Withdrawls are tax free on this at any time,you will never be taxed on it.

[ziggy]

ziggy ziggy:

Hells freezing over!!!! it just started snowing here.

3 second's after I hit post the power went out for an hour as we have a wicked wind storm and snow here now from BC(thanks Brenda)

[kenmore]

Same old bull crap.. trying to buy votes..promises he cant keep and will break like he has many many times.. YOU CAN'T TRUST THIS MAN.. HE LIES..~

[kenmore]

Reverend Blair Reverend Blair:

I just saw Harper talking to Mansbridge and Harper was referring to himself in the third person. He also denied calling the last parliament dysfunctional.

As for his platform...if it was a deck it would be too flimsy to meet the building code.

He also denied calling the last parliament dysfunctional.

Must have been someone else's speech... lol... the guys an idiot!

[hurley_108]

ziggy ziggy:

Well if you dont pay tax's when it go's in or out then it's good for all and not just students.

Us working folks want a break too.

If you don't pay taxes, you don't pay taxes, and neither account is much good to you. But the RESP plan was still better.

The RESP plan allowed you to deduct the contribution. This tax free savings account only leaves the interest untouched. You've still been taxed on what you deposit.

So if you max out both at $5000, and you're in the 22% bracket, here are your savings:

Tax free savings account: $5000 earning, say, a generous 5% interest, would get you $250 in interest. Tax on that would be $55. Great, you can fill up your car on the tax savings.

Dan McTeague's RESP: $5000, earning the same interest gets your kid the same $55 saving, but YOU also get back 22% of YOUR contribution, or $1100.

$1100 is a serious savings. $55 is chump change, and that's assuming an unheard of interest rate. And hey, if your kid never goes to school, just drop their RESP in your RRSP, and it's still hidden from the evil tax-man.

[ziggy]

But I can take it out at any time without paying any tax on it.

It's a nice simple plan and would appeal to anyone who has had to cash in an rrsp and then get dinged on it for tax.

[kenmore]

Liar Harper.. cant believe a word he reads...

[ziggy]

Guess you got nothing but empty rhetoric too eh Kenny?

No comments on the plan you whined about for so long that's now in front of you?


Tic Tic Tic....Boom!

[hurley_108]

ziggy ziggy:

But I can take it out at any time without paying any tax on it.

Bully for you. That's only a plus if you never intended to save any money for your kids' educations, or if you don't have any kids to save for in the first place, or if your kids are already done their education (but then they'll be coming up to the time of being in a position to save for your grand kids)

If Canada is to survive the switch from a manufacturing economy to a service/technology economy, we need education. The RESP plan would have made enormous gains in encouraging saving for education.

So what's better for a few folks with limited vision may be Harper's tax free savings account, but what's better for Canada is the RESP.