Thursday 28 December 2023

HOW THE LIBERAL-NDP COALITION CAN ACHIEVE REELECTION AND CUSHION THE EFFECT OF HIGHER INTEREST RATES FOR THE MANY CANADIANS WHO PAY INTEREST AT THOSE RATES.

ALLOW ALL INTEREST TO BE WRITTEN OFF AGAINST INCOME. 

BUSINESS INTEREST PAYMENTS ARE ALREADY A WRITE OFF. 

IN THE UNITED STATES INTEREST ON HOME FINANCING LOANS, LINES OF CREDIT ON HOMES AND STUDENT DEBT ARE A WRITE OFF AGAINST INCOME.


THERE COULD BE A BASIC DEDUCTION, AVAILABLE WITHOUT ANY FILING OF RECEIPTS IN LIEU OF THESE BENEFITS FOR PEOPLE WHO DID NOT PAY QUALIFIABLE DIRECT INTEREST. 


CONSIDER A REFUNDABLE $1000. CREDIT. 

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