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  #1  
Old 03-14-2010, 01:43 PM
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Max Weder
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Jeff

How did you get .99 cents for your exchange? I'm still buying US dollars for my purchases at .95 cents on paypal, as paypal normally has a 3-4 percentage spread from the spot price. Are you sure your quote wasn't for buying Canadian?

As for higher taxes, just move out west--Alberta and BC have lower effective tax rates than many states when all taxes and health care are factored in.

Max
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  #2  
Old 03-14-2010, 01:59 PM
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My paypal dollars as of today:
$208.00 USD = $206.82 CAD
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  #3  
Old 03-14-2010, 02:09 PM
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Max

You live in Van, you should know by now Gordo taxes us through the ass out here... Ive never seen any other province like BC, taxes taxes taxes...

Alberta, i agree with you ... i lived there most of my life..... moved to BC in 2005.

BC.... is beautiful, but we pay way tooo much tax here. HST will just make it worse! I cant wait to pay the extra 7% on everything.... BC gov't double dips on used goods, taxing housing and cars and soon to be groceries!
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Old 03-14-2010, 02:54 PM
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What is the basic tax rate in Canada? I head it was like 60% and then you get to pay taxes on the goods you purchase on top of that. Hey, you guys get "free" medical at least! That was a bad joke, my sincere apologies
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  #5  
Old 03-14-2010, 03:16 PM
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Free medical if you want to wait...and wait...and wait.........in dirty old hospitals!
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  #6  
Old 03-14-2010, 03:44 PM
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I heard about the waiting part, I just didn't realize the hospitals were dirty... you see, become a politician (or filty rich Canadian) and you'll be welcome in the nicer "clean" hospitals. I suppose you could find a doctor that collects cardboard and exchange preferential treatment for cards~
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  #7  
Old 03-14-2010, 05:55 PM
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Quote:
Originally Posted by FUBAR View Post
Max

You live in Van, you should know by now Gordo taxes us through the ass out here... Ive never seen any other province like BC, taxes taxes taxes...

Alberta, i agree with you ... i lived there most of my life..... moved to BC in 2005.

BC.... is beautiful, but we pay way tooo much tax here. HST will just make it worse! I cant wait to pay the extra 7% on everything.... BC gov't double dips on used goods, taxing housing and cars and soon to be groceries!
I'm a tax lawyer, so I am aware of the taxes. BC has the lowest taxes in the country for any taxpayer with a taxable income under $100,000. Its combined highest marginal rate of 43.7% is the second lowest in the country after Alberta's 39%.

The switch to HST is a tremendous decision and should have been made years ago.

The combined federal and provincial corporate tax in BC is 28% and will fall to 25% in 2012 (and much lower for small canadian controlled private corporations carrying on an active business), and is far lower than corporate taxes in the US.
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  #8  
Old 03-14-2010, 06:33 PM
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Sorry, i am 100% against the HST in every way shape and form! So much so i am seriously considering a move back to EDMONTON
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  #9  
Old 03-14-2010, 09:14 PM
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Value added taxes have been accepted as the best form of taxation by virtually every tax policy maker and economist. Consumption taxes, such as PST, are job killers. Figure out how much the HST will cost you, taking into account the enhanced GST/HST credit. It isn't much.
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Old 03-14-2010, 10:59 PM
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So what is the tax rate on Canadians making <$100K? Include the basic tax rate and the other taxes imposed (VAT or what ever it's called)?
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