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Monday, March 25, 2013

The flip side of cheaper hockey equipment in the budget

The hidden agenda on tax grabs by the Conservatives.....

Canadians will be paying hundreds of millions of dollars more on everything from food to bicycles because of a little-noticed change in tariffs Ottawa places on imports from emerging nations like China and India, say analysts.

The change comes from a notice in Thursday's federal budget that starting in 2015, Canada is "graduating" 72 countries previously classified as developing to full developed status for the purpose of tariffs.

The change in classification, which will increase import tariffs from emerging countries by an average of about 3 per cent, will dwarf any price drops Canadians are likely to see from the elimination of those on sporting goods and baby clothes.

http://ca.finance.yahoo.com/news/hockey-gear-cheaper-tariff-changes-likely-widen-canada-165237414.html

And you thought Flaherty wasn't raising taxes EH Canada?


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