Wednesday, February 27, 2008

2008 Federal Budget

Congratulations to the federal conservative government, the Finance Minister and Prime Minister Stephen Harper. They have tabled an excellent budget considering Canada’s current economic situation. The budget also has the support of the liberals and we can thank the conservatives for that as well. They could have put something in the budget that the liberals could not have supported that may have caused an unnecessary election.

I am still going through the details, but it is likely the most fiscally prudent budget we have seen in over a decade. The budget deficit was reduced and Canadians were provided with a means of saving money through the Tax Free Savings Account, TFSA proposal contained in the budget. It is a small thing in the grand scheme of things, but is being talked about more than anything else. It does not cost the government very much in the short term, but is projected to cost $3 billion annually down the road. Regardless, it is welcome news for Canadians who choose to save and an incentive for others to begin saving. Most importantly, it is tax free and comes with no strings attached.

The liberals managed our economy well and it seems the conservatives are out to prove they too are good stewards of our tax dollars. It almost sounds too good to be true. Regardless, the conservatives did well with this budget and there have been very few complaints. Of course Jack and Gilles went up the hill to fetch????