Oakville Newspapers

Oakville Beaver, 30 Apr 2015, p. 28

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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, April 30, 2015 | 28 Craft Show May 2nd & May 3rd Over 120 juried crafts people In the Great Gambrel Barn, The Aberfoyle Town Hall and Individual Exhibitor Tents AT: The Milton Farm Saturday & Sunday 9 a.m. - 4 p.m. adults $6.00 Children Under 12 frEE Parking frEE Great Gift Ideas for Mom Handmade Quality Great Food Live Entertainment T Federal budget a political sales pitch Dollars & Sense Guest Contributor CounTry heriTage park Take Hwy. 25 North to Milton & follow the signs. 8560 tremaine road 905-878-8151 $ OB www.miltonfarmcraftshows.com one adMission wiTh This ad 1 oFF www.oakvillebeaver.com he ugly side of politics was on full display last week in the form of the federal budget. Canadians were not sure if it was a nancial document or a sales pitch for the anticipated federal election scheduled for this October. The lightning rod of this budget was the anticipated increase in the annual contribution to the Tax-Free Savings Account (TFSA), which were introduced in 2009. The original $5,000 contribution limit was later Peter Watson increased to $5,500. The commitment made by the government to doubling the TFSA limit was dependent on achieving a balanced budget. A balanced budget means the government would take in more revenue then it spends. This pledge was repeated last Tuesday when Finance Minister Joe Oliver presented the budget in Parliament. He proudly said: "A promise made, a promise kept. This budget is written in black ink." The budget showed the government had balanced the books and, therefore, would double the annual contribution limit of TFSAs. However, the budget was only balanced after some fancy footwork with simple arithmetic. The projected bud- get surplus is $1.4 billion. Past budgets starting in 2012 included a contingency fund of $3 billion. This budget reduced that number to only $1 billion. So, the statement of achieving their target to balance the budget was technically true but a footnote to that claim is the budget was not balanced. Rather it was a change in how funds are allocated that allowed the government to "balance the budget." If the rest of the population could take such liberty with the way we interpret numbers we would all have much better golf scores and our children would have better marks at school. If the normal contingency fund were maintained, the budget would not have been balanced. Welcome to the world of politics. The Conservative government has consistently promoted their ability to be the best scal managers of our country during these toughsee Treat on p.29 FirstOntario Investment Shares. Build a better portfolio. FirstOntario is offering an opportunity to purchase Investment Shares that are not like other investment options. These Investment Shares are your chance to directly share in our continued success in the form of dividends paid annually. These shares are in limited supply and sell out quickly. While dividend payments are not guaranteed, we are proud to have always historically paid a dividend to our shareholders. CONCRETE Call us at 1-800-616-8878 or visit FirstOntario.com Annual Dividend Rate 4.05 % Minimum 5-year investment Investment shares are only available by offering statement. This is not an offering statement. Please contact the Credit Union as indicated above to receive and review an offering statement. EXPOSED AGGREGATE (Pebble) · DRIVEWAYS · STEPS · FRENCH CURBS · WALKWAYS · PATIOS · GARAGE FLOORS uality At Its Best! Call Fernando 905-844-5518 1-888-944-5518 www.concretetrimmings.com FREE ESTIMATES

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