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Tories propose cuts to GST, income tax

Federal Finance Minister Jim Flaherty has introduced a bill that would cut income taxes and the G.S.T. If passed, the bill would lower the G.S.T to five percent as of January 1, 2008.
Pete Vere
BreakingNews

Federal Finance Minister Jim Flaherty has introduced a bill that would cut income taxes and the G.S.T.

If passed, the bill would lower the G.S.T to five percent as of January 1, 2008.

Some of the other tax cuts would be retroactive to the current tax year.

A failed vote could bring down the Conservative government, sparking a federal election.

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