Canadian Job Gain A Long Way To Go
Officials always potray an optimistic scenario. StatCan previously said in a press release before the job data was compiled that Canada Employment is pre recession level.
Statistics Canada reported a revision to its Labour Force Survey that shows as of December, Canada’s economy is still 30,000 official jobs below the employment peak hit in October 2008.
Statistics Canada data shows Canada’s population was 33,441,300 in October 2008 and 34,238,000 in October 2010 — a difference of 796,700.
For December 2010, overall employment was revised down 0.6 per cent, mostly the result of a downward revision of the population aged 25 to 54.
Accordingly, the revised Labour Force Survey shows as of December, Canada’s economy is still 30,000 official jobs below the employment peak hit in October 2008.
Canada Corporation Tax Rate Is Going Down
There is a campaign going on right now, that will decrease the corporation income tax rate further from the 15% tax rate that will hit in 2012.
The idea behind reduction of corporation tax rate is that these tax cuts will create more jobs in the economy in the time of recession.
It turns out the people who are looking for jobs or work in the corporation are not in favour of corporate income tax rate cut.
In 2007, the House of Commons approved a series on annual income tax rate cuts starting 2011. On New Year’s day, the corporate tax rate dropped by 1.5% from 18% of income to 16.5%. Next year the final tax rate will come into place and reduce the corporate income tax rate to 15%. It is hoped that with the additional money saved from the tax cuts, corporation will expand their operation and hire more employees.
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She stole my drink @ Blarney Stone
I was at the Blarney Stone in the evening attending an amazing event by BC Council for International Cooperation (BCCIC.ca) International Development Drinks. Amazing vive at the gathering and it was packed. This was my first time attending their event, so I was trying to mingle around and get seven signatures for a $20 gift certificate. I was very curious about the non profit activities and the organizations involved with the group.
Since I get thirsty talking and mingling, got a drink at the bar and was back at my table. After few minutes, got up and started networking with others.
When I was back few minutes later, my drink was gone. I looked around, and saw a lady without a name tag having a drink. Everyone attending had a name tag. And the fine glass she was drinking from, looked like it was the same glass that I had.
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Top 10 Ways to Save Your After Tax Income
Continuing from my previous post, here are top 10 ways to save money in 2011.
1. Stop using credit card – Credit card interest rate is anywhere from 9% to 29%. If you are using credit card and keeping an outstanding balance, it is costing you hundreds of dollars every year. First thing you can do to save money is pay off all your credit card outstanding balance and not to use it anymore if you do not intend to payoff the balance every month.
2. Use cash – Want to limit your spending habit and save money? Use cash for every expense. When you are carrying all your major credit cards, bank cards, cheque book etc. with you, you have the potential to spend all of it. Instead take only cash with you. That will limit your purchase power and even you are tempted to spend more, you will be limited to spend only the available cash with you.
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Top 10 ways to Waste Your After Tax Income
I take the transit to play every morning to my office. On the way Metronews and 24hr News helps me get pumped up.
It was exciting to see in the news the top 10 waste of your hard earned after tax money. Yes, it says the readers voted. But I knew it all along…. And it seems like I am not wasting my money in any of the top 10 ways.
I will try to explain it in detail here and just for a note.. multiply any cost by 1.50 and that is the actual amount you are earning to waste the money.
Here is my top 10.
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