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Oakville Beaver, 13 Nov 2014, p. 42

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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, November 13, 2014 | 42 New tax proposals a cat-and-mouse game to win votes illy government decisions often make life more cumbersome for Canadians. Complicated tax incentives designed to win political votes are a misuse of time, energy and money. The most recent case is the federal government's proposal to give back some of the taxpayers' money in a complicated and expensive-to-manage way that many Canadians will not fully understand. The only winners are the accountants who will be paid professional fees to explain the next layer of rules in an already too complicated tax code. S Shame on our politicians. There are several new tax proposals that if passed, will be introduced for the 2014 tax year. The Family Tax Cut will allow families with children younger than age 18 to reduce income taxes up by to $2,000. The Child Care Expense Deduction is an increase to existing bene ts. It allows childcare expenses to be deducted from income earned through employment and business, pursuing an education or performing research. The new proposal is increasing the deduc- Day, Evening and Weekend Classes Beginner to Advanced · Ages 3 yrs to Adult Performing and Visual Arts School Register Now · Art In Mixed Media, Oils and Watercolours · Music in All Instruments · Voice, RCM Music Exams · Drama · Musical Theatre · DANCE · Ballet · Pointe · Contemporary · Modern · Irish · Lyrical · Jazz · Hip Hop · Tap · Latin · Acro · Stretch and Strength · Cardio · Fitness Training Small Class Sizes · Camera Viewing of All Studios · Family-Focused Scheduling · Annual Musical Productions · Specialty Workshops MARCH BREAK & SUMMER CAMPS STUDIO PAVAS 905-403-9435 1-2301 Royal Windsor Dr., Mississauga www.studiopavas.com info@studiopavas.com tion by $1,000 starting in 2015. If you are among the few that like more complication completing your income tax, there is more. The Universal Child Care Bene t is being expanded. It will provide those with children younger than age six a payment of up to $1,920 and a new bene t up to $720 per child aged six to 17. These enhancements replace the Child Tax Credit up to $335 for children younger than age 18. The Children's Fitness Tax Credits double to $1,000. It is also now refundable so those not required to pay income tax because of low or no income will bene t from this credit. These targeted groups are all meant to feel special, hoping they will vote for the Conservative party currently in power. We expect a federal election next year. The federal government is not alone when using complicated measures to get votes. Ontario does this as well. Our province introduced the Ontario Retirement Pension Plan. We already have a federal Canada Pension Plan and Old Age Security. We do not need another pension plan. If Ontario wants to give us more, it should work with the federal government to make this happen within an existing program. Dollars & Sense Peter Watson Guest Contributor The word of the day is `stop'. Stop trying to please every different group, retired persons or young families with inefcient complicated and expensive ad hoc solutions. We are strongly in favour of Canadians being well-served by their governments. They should not, however, tax us so they may turn around and give those dollars back to everyone through strategically allocated tax incentives. Buying our vote is a sham and hopefully Canadians will not be fooled by this tactic. Buying our vote with splintered inef cient separate programs for every one of us is just plain silly. Governments should just lower our taxes and stop playing this political cat-and-mouse game of sprinkling our money in front of us to court us at the polls. -- Submitted by Peter Watson, MBA, CFP , R.F .P ., CIM, FCSI., Certi ed Financial Planner WHAT'S ON INSIDEHALTON.COM · · · · · · · · Local movie listings Local event listings Local news and opinion Used cars in our area Full local business directory Local classified listings Daily deals from WagJag Links to local announcements and apartment rentals BE INTERACTIVE Submit an event, Comment on a story, Submit a photo, video or article for consideration WITH YOUR COMMUNITY SITE Our 11pc Commercial cookware set features heavy-duty stainless steel construction and the extra-thick aluminum impact bonded base makes this set ideal for demanding cooking environments. Cast handle, straight bottom. Induction compatible, dishwasher safe. 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