Finance Minister Jim Flaherty has delivered the 2006 budget, and much to the relief of many overburdened Canadian taxpayers, there's a little off just about everybody's load including:
Cutting the GST from 7% to 6% on Canada Day;
Reducing the lowest personal income tax rate from 16% to 15.5%;
Raising the qualifying small business rate income from $300,000 to $400,000;
Tax credits for hiring new apprentices, tools and textbooks;
The $1,200 child care benefit (beer and popcorn for everyone!);
The public transit pass tax credit; etc, etc.
All this and more can be found here.
Thousands of subway-riding Torontonians (like myself) will be very happy to have the Metropass tax credit; I don't know if it will raise ridership, but it might get current passengers to buy passes instead of tokens every week.
And credits for hiring new apprentices makes perfect sense at a time when we're facing shortages of skilled tradesmen.
I'll have more once I've had a further look at the budget papers.