Hey everyone! I’ve been thinking about how we could give Canadians more disposable income while still keeping government revenue strong. Here’s a tax structure idea I came up with that might strike a good balance:

1. Significant Income Tax Cuts:

5% Income Tax for Households up to $120k: This would give low- and middle-income families a big break, letting them keep more of their earnings.

15% for Incomes up to $260k: A reasonable tax for upper-middle-income earners that doesn’t stifle spending.

30% for $260k and Above: Those with high incomes would contribute more but still have plenty of disposable income.

2. Corporate Tax Set at 20%: A fair rate that keeps Canada competitive globally while ensuring businesses contribute their share.

3. New GST Categories:

5% on Absolute Essentials: Basics like groceries and necessary goods stay affordable.

15% on Less Essential Items: Things that aren’t luxury but aren’t necessities either (like most consumer goods) would have a moderate GST.

25% on Luxury Goods: High-end items, luxury cars, and other non-essentials would see a 25% GST, contributing more without affecting everyday spending.

How This Could Help:

More Disposable Income: With lower income tax, households keep more of what they earn, boosting spending, savings, and investments.

Fairer Tax Structure: People pay based on their consumption choices, not just income level. High earners and those spending on luxury items contribute more, while essentials stay affordable.

Stronger Economy: More disposable income means more spending, which drives growth and could support local businesses and job creation.

This setup could make a real difference by putting more money in people’s pockets and simplifying the tax burden on essentials. It would encourage people to spend where it matters and help keep the cost of living reasonable. Thoughts?

Also, this system already works in Gulf states and there infrastructure is much better.

I believe the socialist policies aren't gonna work with all the trouble that Canada is facing right now and people are sick of giving away the money to the government and receiving peanuts as handouts while waiting outside emergency rooms.

Open up the school and the medical system and let people make their own choices to go for private services if needed.

Also, why are we letting Jagmeet Singh hold back the entire country for his pension and come out on the streets for calling an early election. Right now, there is no suitable candidate but PP can deliver more than this current administration. So let's go out on the streets across provinces and force the MPs to listen to the public and call for an early election. It's a democracy after all.

I’m trying to stay positive and focus on what could be beneficial to Canada over the next few years.

So, this is a genuine question: Could 100% tariffs on certain countries and industries be a benefit to Canada? Could Canada somehow leverage that to improve our trade deficit (or surplus)? I don’t know enough about the fine mechanics of tariffs to understand.

What are some other potential economic positives?