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Good news report from Canada

Global Country of World Peace    Translate This Article
24 March 2007

20 March was the 20th day of the ninth month of Canadian national consciousness rising to invincibility, as indicated by the following press reports:

20 March 2007

The National Post - Tax breaks aplenty (19 March 2007) There were plenty of new tax measures in the budget. The most significant of these is the new child tax credit, that works out to a maximum benefit of $310 per child. This is in addition to the Universal Child Care Benefit that provides $100 per month for each child under six. The age credit has been raised for low and middle-income seniors. The life-time capital gains exemption has been raised to $750,000 from $500,000 for small-business owners and farmers. And more than a million low-income Canadians will receive tax benefits of up to $500 a year for individuals or $1,000 for families.

From a Globe and Mail report on this: The federal budget includes new incentives for buying new hybrid cars or other fuel efficient vehicles. The incentives would be worth up to $2,000 and can be combined with similar offers by several provinces, reducing the purchase costs of hybrids by as much as $4,000. The measure, combined with incentives for renewable fuel production, places vehicle pollution as the top target of the government's environmental spending plan.

The National Post - Manufacturers get boost (20 March 2007) The centrepiece of corporate tax measures in the federal budget is a $1.3-billion tax break for manufacturing over the next two fiscal years. Manufacturing businesses can claim an accelerated capital cost allowance at a rate of 50%, allowing them to completely write off their new investments in equipment over the two years. Other measures include a push to get provinces to eliminate capital taxes and harmonize sales taxes with the federal GST. These and previous measures would cut the overall tax burden on business investment to 21.1% by 2011 from 31.1% now, making it the lowest in the G7, as stated in the budget. The surplus amounted to $14.1 billion for 2006-2007, double the November estimates.

The Globe and Mail - Taxes: Ottawa to exempt stock donations to private foundations (19 March 2007) Buoyed by the success of the removal of the capital gains tax when an investor donates stock to charity, the government is broadening that tax benefit to the donation of stock to private foundations. In last year's budget, Ottawa eliminated capital gains tax on donations of publicly listed securities to public charities. The government said there has been a significant increase in such donations, surpassing $300 million in the 10 months since the measure took effect.

Canadian Press - Economy keeps spitting out more cash even as government accelerates spending (19 March 2007) Finance Minister Jim Flaherty projects GDP growth of 2.3 per cent this year and is predicting that government revenues will keep rising each year until at least 2010. The biggest contributor to economic growth is the Canadian worker, who is purchasing goods at a record rate. The key weak sector remains manufacturing. But even here the picture is brightening. Manufacturers' profit margin last fall was slightly above its historical average.

The Globe and Mail - $9.2-billion in debt reduction to bring reduced interest costs (20 March 2007) Finance Minister Jim Flaherty has earmarked $9.2-billion for debt reduction in the current fiscal year, while promising that the government would use the interest savings to cut taxes in the future. The budget projects that the accumulated debt will drop to 29 per cent of GDP by 2008-09—the first time it would be below 30 per cent since 1980. A smaller federal debt means Ottawa will have to allocate fewer dollars to interest costs. 'Every dollar saved from lower interest payments will be returned to Canadians through personal income tax reductions,' Mr. Flaherty said. Overall, Mr. Flaherty's budget assumes a continued healthy economy.

The National Post - Ottawa aims to reshape markets through reform (20 March 2007) The government will spearhead a drive to revamp the nation's capital markets under measures in its budget. The first step will be to move toward proportionate, more principles-based, regulation and away from detailed rules and regulations. A single securities regulator would be the natural way to promote such a change, the government said. Currently, there are 13 regulators, one for each province and territory, adding huge costs for issuers. The government also wants to pursue free trade in securities, allowing Canadian investors to trade directly on foreign exchanges through a Canadian or foreign broker and foreigners to do the same in Canada.

The National Post - Economists confident, despite 0.5% decline in wholesale trade (20 March 2007) Even as wholesale trade dipped in January due to a blip in the automotive and personal household goods sector, economists say the economy's fundamentals remain strong. The other five remaining wholesale sectors, representing 67% of overall sales, all registered increases, led by the building materials and machinery and electronic equipment sectors. Job growth remains healthy, incomes are rising at a good rate, and interest rates remain low, Sal Guatieri, senior economist at BMO Capital Markets, said of the overall performance of the economy. Most provinces and territories recorded higher sales in January, with notable increases coming in both the Prairie and Atlantic provinces.

The Globe and Mail - Building green—if I can do it, anyone can (20 March 2007) 'Green building has taken off like wildfire', a massive systemic shift that many feel is inevitable based on its value for businesses. 'Wal-Mart built one of its stores half-green,' the article states, and 'revenues in the green half of the store were 40 per cent higher than sales on the other side. Furthermore, all the employees wanted to work on the green side.' The article also reports, 'Schools report that SAT scores rise 14 per cent and other test scores spike even higher if tests are taken in a room with natural light,' and that 'higher sales and reduced employee absenteeism have been tracked in office buildings built green.... Canadian architect Paula LaPorte Baker has shown how chemical sensitivities and childhood asthma can be reduced or resolved by living in a more natural building.' In Western Canada, 'many architects and designers discount their services' for clients desiring to build green.

These are a few of the news reports reflecting Canada's rising invincibility from the growing Yogic Flying groups across Canada and the Invincible America Assembly at Maharishi University of Management and Maharishi Vedic City, USA.

For further information on creating invincibility for your nation, please visit:

For information about Maharishi's six-point programme to create a healthy, happy, prosperous society, and a peaceful world, please visit: Global Financial Capital of New York.

Copyright © 2007 Global Country of World Peace

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