HST Welcome Evil Tax Overlord
The big news of the week is the coming of the HST and it’s ramifications on folks in Ontario and B.C.’s wallets and pocketbooks. Is it going to be a tax grab, Yes. Are some vendors going to try to grab a little more, Yes. Sorry this is the law of the jungle, watch out for any added taxes that maybe shouldn’t be there, just in case someone tries to Bazinga you.
With Canada Day falling on a Thursday I assume most of my good readers (who can) are taking an Enormously Long weekend, so enjoy your time off.
In the blogosphere this week, there was a lot of interesting chatter (not just about the G-20 fun and games in Toronto too).
- Michael James asks the question RRSP vs. CPP , and whether we should just all be left to our own devices to deal with retirement savings, that is a harsh view, in my opinion (but if so, I might buy a lot of Purina stock given how many will be living on Cat Food).
- Preet announces a bold Experiment: A Wiki For Canadian Investors which could be interesting, but remember Wikis can sometimes be inaccurate (since it’s input is from it’s readers).
- The Canadian Capitalist points out that even though Canada never had a Ca$h for Clunkers program it does have The Retire Your Ride Program, which is useful if you drive an old beater like he did.
- Larry MacDonald quotes me in his post about Earthquake Insurance, where he actually went out and found out how much that might cost!
- Jon Chevreau pounds about a tonne of salt into our wounds with The Mother of all Tax Grabs – Happy HST Day. Thanks Jon, maybe next time you could just pour vinegar on it too!
- Should you use Index Funds or ETF’s asks the Canadian Couch Potato, which is a good query, I guess the one you understand best is the best answer.
- Can BP Go Bankrupt due to the Oil Spill? Not sure but the Million Dollar Journey does ask that very question, just glad it wasn’t Petro-Canada.
- Gail V-O has a Financial Literacy Rant, which asks some very pointed questions about this push to be Money Savvy.
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Enjoy the tenuously long weekend!