LMT_May_02_Vol_115_issue_20

2 lmtimes.ca • Last Mountain Times • Monday, May 2, 2022
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lumsden, sk
Raising an extra
dollar
VANCOUVER—For an additional ($1) dollar of personal
income tax revenue collected by the federal government, $2.86
is lost in economic activity because of less investment, less
entrepreneurship, less spending and other behavioural changes
that shrink the tax base, finds a new study released today by the
Fraser Institute, an independent, non-partisan Canadian public
policy think-tank.
Overheard at the coffee shop
“Is a padded room for physical
safety or noise cancellation?
either way they shouldn’t use
memory foam, sometimes it’s best
to forget...”
Home Plan of the Week
The same is true for corporate taxes,
with an additional ($1) dollar of
corporate income tax raised by the
federal government costing Canadians more
than double that amount in lost economic
activity ($2.02).
“When governments raise tax rates, they
affect the behaviour of workers, businesses,
entrepreneurs, and investors. Specifically,
higher tax rates distort the decisions related
to starting a business, saving and investing,
work effort, and expanding an existing
business, all of which impose costs on the
economy in the form of foregone prosperity.
So when a government raises tax rates, the
actual cost to the economy is much higher,”
explained Bev Dahlby, senior fellow at the
Fraser Institute and co-author of What Are
the Economic Costs of Raising Revenue by
the Canadian Federal Government?
The study finds that since tax increases
adversely affect the private sector’s decisions
related to saving, labour supply, and
investment, society loses more than what the
government collects in actual tax revenue.
In fact, for an additional dollar in personal
income tax that the federal government collects,
the actual cost to Canadians—because
of those behavioural changes—is $2.86, and
$2.02 for an additional dollar in corporate
income tax that’s collected.
“When the federal government raises taxes,
the cost to Canadians is not simply higher
taxes, it means less investment, less entrepreneurship,
and less business activity and
ultimately a smaller tax base, which imposes
unseen costs on Canadians,” Dahlby said.
“Policymakers need to be aware of the true
costs of raising taxes because this can inform
cost-benefit analysis of government programs,
tax reforms and designing federal transfers to
the provinces.”
-BEV DAHLBY, Senior Fellow, Fraser Institute
Oakley has abundant family living space
By Associated Designs
Oakley
PLAN 30-691
First Floor 2993 sq.ft.
Second Floor 746 sq.ft.
Living Area 3739 sq.ft.
Storage 388 sq.ft.
Garage 998 sq.ft.
Dimensions 84' x 66'
3000 SERIES
www.AssociatedDesigns.com
Patio
Owners’
Suite
16' x 15'
Office
16' x 16'
Foyer
Storage
13'2'' x 21'6''
Vaulted
Covered
Patio
Vaulted
Living
19' x 18'10''
Study
13' x 13'2''
Covered Porch
Interesting angles and an abundance
of family living spaces
grace the interior of the Craftsman-style
Oakley. Craftsman details
are seen in the tapered columns,
stone veneer wainscoting,
shingled gable ends, and multipaned
window uppers.
The spacious gathering areas at
the center are surrounded by four
bedrooms, a home office, and a
study. Two roomy storage spaces
are upstairs, along with a large recreation
room that could be an art studio,
music room, or whatever suits.
Dn
Storage
12'10'' x 6'2''
Recreation
Room
20' x 25'
Bedroom Bedroom
Nook 11' x 11'4'' 11'8'' x 11'
13'8'' x 11'8''
Up
Kitchen
Bedroom
11'4'' x 11'
Utility
Garage
41' x 23'
(27'6'' deep at 3rd bay)
© 2021 Associated Designs, Inc.
To enter the foyer, you pass
through a nostalgic covered porch.
A display niche lines the foyer’s
right side. Double doors on the
facing wall open into a home office
with built-in cabinets.
Just past the double doors, the
foyer angles off to the right, guiding
your steps into a bright and spacious
vaulted living room. Framed
columns flank the wide opening.
Tall windows, multipaned and triangular
at their apex, flank the
wide two-sided gas fireplace centered
on the far wall. Its flames can
also be enjoyed from outside, in the
vaulted, partially covered patio.
Standing at the kitchen sink,
you can join conversations in the
living room and serve quick meals
at the raised eating bar, while
keeping tabs on activities in the
patio and nook. A deep walk-in
pantry fills one corner.
Right past the foyer, another angled
wall clips a right-hand corner,
easing movement into a long hallway
that leads to the study and
kitchen. Three bedrooms and a
utility room are at the end.
The Oakley’s luxurious owners’
suite fills most of the left
wing. Notable amenities include a
large double closet, walk-in shower,
twin lavs, and private toilet.
The direct patio access comes in
very handy if a hot tub is installed.
Associated Designs is the
original source for the Oakley
30-691. For more information or
to view other designs, visit
www.AssociatedDesigns.com or
call 800-634-0123.
Gym owners bring fitness
tax fight to Saskatchewan
Legislature
REGINA - In response to the Sask. Party’s 6% fitness tax
announced in the 2022-23 budget, Official Opposition Critic for
Jobs and Economy Aleana Young was joined by gym owners
Building Centre
Hardware & Supply
Your local Castle Building Centre
• Custom Built Homes
• Farm Buildings
• Bobcat Service
Nokomis, SK
Call 306-528-2050
from across the province to call on the government to cut the proposed PST expansion and
support the fitness industry still reeling from the pandemic with a tax incentive. “A 6% PST on
CONTINUES ON PAGE 12
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