Budget surprises mild on personal tax despite touts
Ottawa budget debate highlights a mild approach to personal taxation despite warnings. Key changes include higher taxes on fuel tobacco and alcohol, a new Value Added Tax plan, a four to five percent federal surtax by 1989 and a high income extra tax. High earners face repayment of Baby Bonus and Old Age Security via tax rules, with phased increases. Sales Tax Credit rises to 100 in 1989 and 140 in 1990, with child credits up to 70 in 1990 and an inflation indexed threshold.
MENTIONED IN THIS ARTICLE
Ottawa
Michael Wilson
Wilson
Child safety seat defect prompts recall across Canada
The Canadian Automobile Association warns parents of Cosco Auto Trac restraints with defective webbing guides that prevent proper harness retraction. About 7,000 units distributed by Cambridge Recreation Products between 1987 and 1988 may pose serious injury risk. Dorel Industries will provide free replacement webbing guides by mail or phone.
MENTIONED IN THIS ARTICLE
Winnipeg
Canadian Automobile Association
Canada
Michael McNeil
CAA
Transport Canada
Cosco
Cosco Inc
Cambridge Recreation Products
Dorel Industries Inc
Montrealat
Des Grandes Prairies
St. Leonard
Quebec
Dorel
Final approval sought for 89 Autopac changes
Manitoba Public Insurance Corporation seeks final PUB approval for 1989 Autopac rates and program changes. Interim orders in late 1988 approved rate and coverage changes with a 2.5 percent premium increase. Public hearings begin May 29 at the Viscount Gort Inn in Winnipeg.
MENTIONED IN THIS ARTICLE
Winnipeg
Manitoba Public Insurance Corporation
Public Utilities Board
PUB
Manitoba
MPIC
Walt Bardua
Viscount Gort Inn
Also Mentioned on This Page
Kenton, MB Romozo
LAW Office
Sims & Sims
Norman H. Sims
Elizabeth
J. Sims
Main Street South
Minnedosa
Erickson
Onanole
Rapid City
Brandon
Serviettes
Daryl
Interior
Mac Campbell
Hamiota
Provincial Granite Works
Hamiota, MB
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