Wednesday, July 27, 2016

Alberta This and That

Ottawa, Alberta politicians clueless on growing economy - “In speaking to entrepreneurs,” the minister added, “I’ll ask them do you want a tax cut or do you want more revenue in your business? Any day they’ll pick more revenue. If we can actually grow this economy, the possibilities are endless.”
And that’s where the cluelessness kicks in.
First, cutting taxes IS a way to increase revenue in a business. Indeed, it is the simplest and most direct way.
If governments take less of a business’ revenues through taxes, it immediately increases the revenue in that business.  Read more here

Trudeau fiddles while Alberta burns - "The longer Canada waits to build oil pipelines, the longer it will take for us to recover from the current economic downturn brought on by low world prices.
It should make Canadians’ blood boil to learn the federal Liberal government of Justin Trudeau is operating under the delusion no new pipelines are needed until 2025, so Ottawa has time to dither." Read more here

Do you have a HELOC on your home, vacation or rental property? - "If you have a Line of Credit (HELOC or LOC) on your property you are paying a much higher rate of interest to the bank.  Why not put some of that money in your own pocket instead of in the bank's? Your savings will likely be in the range of 1% or more of the outstanding balance.  That would amount to $3,000 per year or more on a $300,000 HELOC.

So let’s take a look at the details and at my philosophy around this.  I have split my thinking into two types of debt for purposes of this post." Read more here


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