Initial Results of GST Reduction Analysis

The following is one of the analyses from the project that I have been working on lately. It shows what the GST cut, from 7% to 6%, will do to households, for the year 2007, in various income ranges.

Other policies that I will be putting into the mix are:

- Change in the lowest income tax rate
- Change in Basic Personal Exemption Amount
- Canada Employment Credit

Results are generated by simulations, using the SPSD/M (Release 14.1).

Table 14U: Average GST Cut for Households
Total Income Group	Average GST Cut ($)
Min-10000	92
10001-20000	106
20001-30000	158
30001-40000	200
40001-50000	242
50001-60000	278
60001-70000	311
70001-80000	340
80001-90000	373
90001-100000	424
100001-110000	455
110001-120000	500
120001-Max	743
Average Change	327