Comments on: Tax Freedom Day? http://www.canajunfinances.com/2008/06/16/tax-freedom-day-3/ Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View Wed, 19 Nov 2008 16:25:05 +0000 http://wordpress.org/?v=2.6.3 By: Ghostryder http://www.canajunfinances.com/2008/06/16/tax-freedom-day-3/#comment-1745 Ghostryder Wed, 18 Jun 2008 03:18:50 +0000 http://www.canajunfinances.com/?p=924#comment-1745 No point in repeating myself, I started pointing out some criticisms of "tax freedom day" in response to Canadian Capitalist's post on the subject. Check it out. No point in repeating myself, I started pointing out some criticisms of “tax freedom day” in response to Canadian Capitalist’s post on the subject. Check it out.

]]> By: Traciatim http://www.canajunfinances.com/2008/06/16/tax-freedom-day-3/#comment-1738 Traciatim Mon, 16 Jun 2008 14:25:14 +0000 http://www.canajunfinances.com/?p=924#comment-1738 Credit card interest rates aren't tied to the Bank of Canada Rate or even the prime rate. There tied to the HMSCA index, which kind of ties in with the consumer confidence index. It's full name is the "How Much of a Sucker Consumers Are Index". Seriously, I don't like the way they calculate tax freedom day. I don't agree that EI and CPP should be included, only actual taxes. It's not called 'Taxes and Services Freedom Day'. They also don't include things like the CCTB, UUCB, GST Credit and others. I guess it's a good guide between years though, just not that useful otherwise. Credit card interest rates aren’t tied to the Bank of Canada Rate or even the prime rate. There tied to the HMSCA index, which kind of ties in with the consumer confidence index. It’s full name is the “How Much of a Sucker Consumers Are Index”.

Seriously, I don’t like the way they calculate tax freedom day. I don’t agree that EI and CPP should be included, only actual taxes. It’s not called ‘Taxes and Services Freedom Day’. They also don’t include things like the CCTB, UUCB, GST Credit and others. I guess it’s a good guide between years though, just not that useful otherwise.

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