[the_only_one]

CBC News
A one percentage point cut in the Goods and Services Tax that kicks in at midnight will be one of the few new tax cuts Canadians should expect to see in 2008, Prime Minister Stephen Harper said Monday.


Prime Minister Stephen Harper (left) and Finance Minister Jim Flaherty unveil a sign in Mississauga, Ont., on Monday. The GST rate falls to 5% New Year's Day.
(Frank Gunn/Canadian Press)
The GST will drop from six per cent to five per cent, which Harper said will amount to about $6 billion in tax savings for Canadians in 2008.

Harper touted the GST cut during a return visit to the same Mississauga, Ont., electronics store where he announced the tax cut plans two years ago during the last federal election campaign.

The prime minister cautioned that Canadians shouldn't look forward to big tax cuts this year, as the economic outlook remains cloudy.

A one percentage point cut in the Goods and Services Tax that kicks in at midnight will be one of the few new tax cuts Canadians should expect to see in 2008, Prime Minister Stephen Harper said Monday.


Prime Minister Stephen Harper (left) and Finance Minister Jim Flaherty unveil a sign in Mississauga, Ont., on Monday. The GST rate falls to 5% New Year's Day.
(Frank Gunn/Canadian Press)
The GST will drop from six per cent to five per cent, which Harper said will amount to about $6 billion in tax savings for Canadians in 2008.

Harper touted the GST cut during a return visit to the same Mississauga, Ont., electronics store where he announced the tax cut plans two years ago during the last federal election campaign.

The prime minister cautioned that Canadians shouldn't look forward to big tax cuts this year, as the economic outlook remains cloudy.

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"We are not anticipating further reductions to the GST in the future. If we do reduce taxes, they may be in a different direction, but, as I say, that is for the future

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Harper: Government will be cautious on tax cuts, spending in 2008


Last year, I didnt get much, so who cares? and I hope they are not implying from educational funds because teachers are crying their heads off for their over-crowded classrooms and limited teaching resources.
thanks.