I was reading the paper today and on the front page it was saying that most Canadian families would be getting a cheque for $1000. But it hadn't been substantiated and they were waiting for the budget to released today. So later today I was on Yahoo and they were talking about the budget announcement. The first thing I noticed is that they were predicting the end of the recession to be in the spring of 2013. That is a pretty damn depressing thought if you ask me... Not that the government should be unrealistic and glossing over how bad things are.... but I think I was better off not knowing that they expect it to last another 4 years.

As for the cheques they are real. Families who make less then $160,000 will get up to $1000 and individuals will get $300. But before you get excited it's not all at once. It's spread out over 3 cheques, the last of which will come out in June of 2011. So one cheque per year of 1/3 of the amount that you will be receiving.

But it's not really free money... The government is trying to stimulate the economy but with the recession expects prices to rise on goods. More importantly, the big reason for this cheque is to ease of the pain of their proposed harmonization of taxes. Instead of paying 5% for the GST and 8% for PST it would be combined into one tax. So 13% tax on everything. Want to tell me that is not a cash grab? How does that benefit the consumer? There are numerous items that right now does not have PST like staples in food items, children's clothing, and books that will all be taxed at the 13% rate if this goes through. So I will get cheque for $300 but what is it really going to cost me?