Follow Your Dollar

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Follow Your Canadian Dollar

Here is a breakdown of your purchase dollar. You've heard the saying, “what goes around comes around”. Every dollar that is spent goes around 7 times, whether it is in the community in which it is spent or trickled off outside. This is over simplified but, you'll get the picture.

• The retailer pays his taxes then uses the remainder to pay his employees and then purchases new stock.
• Each employee pays his taxes and then spends the remainder, usually within the community he lives, on housing, food, transportation, entertainment, investment.
• In turn, each of those businesses pay their taxes and pay their employees who in turn repeat the procedure of paying taxes and spending their monies within the community.
• The producer from whom the stock item was purchased, also pays his taxes then uses the remainder to pay his employees and then purchases new materials for manufacture.
• The suppliers of new materials to the manufacturer, also pays his taxes then uses the remainder to pay his employees and then purchase more raw materials from the refinery.
• Meanwhile, transportation companies are also getting their share, paying taxes and paying their employees.

All those employees involved with producing, manufacturing and delivering that product which you purchased are paying taxes and spending cash in Canada, which develops into more taxes. Which in turn eases the tax burden on all Canadians.
 

What happens when the money cycle chain is broken

• The subsidiary international retailer subtracts his nontaxable expenses, including his franchise fees, which means the money is transferred out of country, never to recycle in Canada. 10–20% gone, without being taxed.
• Imported products, although some may have duties imposed, the monies paid to the manufacturer are gone, out of the country, never to recycle, never to pay Canadian taxes nor are his employees.
• The transportation costs of getting the product to Canada are added to the price but are never taxed by Canada.
• Neither foreign manufacturers nor their employees are taxed by Canada.
• Neither foreign refineries nor their employees are taxed by Canada.
• Over half the taxes that would be collected in Canada if you bought Made in Canada, are never collected.
• That is why we are paying GST, not only on consumer goods, but services as well in order to make up the difference.

Who has to make up the tax difference? YOU! Johnny Canuck.
 

Buying Canadian made products from Canadian merchants increases Canadian profits and productivity which leads to more employment in Canada which in turn allows for greater tax collection which should (depending on whose in government) lead to lower tax deductions off Canadian pay checks. Everybody wins!

Products MADE IN CANADA actually you cost less than imported products. Even at a higher price!

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