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PRIME MINISTER STEPHEN HARPER
MARKS GST REDUCTION
June 30, 2006
Ottawa, Ontario
Prime Minister Stephen Harper marked the lowering of
the Goods and Services Tax today at a department store in Ottawa,
Ontario, reminding all Canadians that they will pay less for
everything they buy as of Canada Day.
"Canada's New Government is committed to lower
taxes, and we are pleased that lowering the GST to six per cent is
just one of the many tax cuts contained in Budget 2006," the
Prime Minister said. "This single tax reduction will mean nine
billion more dollars will be kept in the pockets and bank accounts of
Canadians over the next two years."
Joined by the Honourable Jim Flaherty, Minister of
Finance, the Prime Minister unveiled a new sign that will appear in
retails stores across Canada telling consumers the GST rate has been
reduced to six per cent.
Today's announcement is but the initial step. The
Government is committed to further cutting the GST to five per cent,
which will result in more savings for all Canadians.
Under Canada's New Government, Canadians are saving
more money. In Budget 2006, 29 separate tax cuts were introduced,
representing more tax relief than in the four previous federal
budgets.
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