{"id":173,"date":"2006-05-13T16:19:31","date_gmt":"2006-05-13T21:19:31","guid":{"rendered":"https:\/\/officiallyscrewed.com\/blog\/?p=173"},"modified":"2006-05-13T16:19:31","modified_gmt":"2006-05-13T21:19:31","slug":"laymans-budget-part-iii-the-gst-cut-and-gas-savings","status":"publish","type":"post","link":"https:\/\/officiallyscrewed.com\/?p=173","title":{"rendered":"Layman&#039;s Budget Part III &#8211; The GST Cut And Gas Savings"},"content":{"rendered":"<h1>DISCLAIMER:I am not an accountant and do not profess to be. If anyone out there can correct me if I am way off base please do. If I am off by a few dollars here or there, oh well. It\u2019s close enough for guesstimating.<\/h1>\n<blockquote><p>The goods and services tax (GST) will be reduced by 1 percentage point as of July 1, 2006.<\/p><\/blockquote>\n<p>It&#8217;s about time.  Canadians have been waiting for this one since the Liberals promised it over a decade ago.  Yet it took the Conservatives to deliver.  I think that tells you a bit about who are the talkers and who are the doers around Ottawa.<\/p>\n<p>Here is a simple calculation to figure out your savings per gas fill up.<br \/>\nSavings per fill up =<u>[0.01(TxP)]<\/u><br \/>\n<font color=\"#ffffff\">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/font>(1.1342)<\/p>\n<p>where T is Tank Size (in liters) and P is Price of gas (per liter in dollars). Extending this, you could replace TxP with the amount of money you spend on GST taxable goods.<\/p>\n<p>But to stick to gasoline expenses, below is a chart indicating how much you would save annually for 1 to 4 weekly fill ups based on the price of gas (from 90 cents to $1.00 per liter) and tank sizes from 60 to 80 liters.<\/p>\n<div align=\"left\" style=\"text-align: center\"><img decoding=\"async\" id=\"image174\" alt=\"GST-Gas-2006.jpg\" src=\"https:\/\/officiallyscrewed.com\/wp-content\/uploads\/2006\/05\/GST-Gas-2006.jpg\" \/><\/div>\n<p>The green boxes represent size of your gas tank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DISCLAIMER:I am not an accountant and do not profess to be. If anyone out there can correct me if I am way off base please do. If I am off by a few dollars here or there, oh well. It\u2019s close enough for guesstimating. The goods and services tax (GST) will be reduced by 1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[52],"tags":[],"class_list":["post-173","post","type-post","status-publish","format-standard","hentry","category-politics-federal"],"_links":{"self":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173"}],"version-history":[{"count":0,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/173\/revisions"}],"wp:attachment":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}