Don't spend it all in one go..

LiveNews - Australians are in line for more than $30 billion in income tax cuts regardless of who wins next month's federal election, but that pales in comparison to Canada. The Canadian Government has announced nearly $70 billion in tax cuts over the next five years. From January, Canada’s GST will be cut from 6 to 5 per cent, while the personal income tax rate will be 15 per cent. The corporate rate will also drop to 15 per cent by 2012. All that – and a projected budget surplus of more than $13 billion for the current financial year.

But the question is, how much did the previous left-leaning government rip out of Canadians prior to these tax cuts handed down by the conservatives running the joint now. Good on them for easing the pressure on Canadians, spend it wisely folks, hay while the sun shines, rainy day and all that.

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