Canadian Federal Government budget does away with the penny. How does that work exactly?

[murphyj87]

15. The Canadian Republican party...

claims that it didn't raise taxes, but there several de facto new taxes and amounts downloaded to the provinces that will raise provincial taxes for no other reason but the 2012 federal budget, the effect of eliminating pennies being one of them.

--------------------------------------------------------------------------------------

According to monthly polls by the Canadian Association of Retired Persons (i.e Seniors), in May 2011, 65% of CARP members (Seniors) voted Conservative.

According to the April 2012 poll, if the election were held now, 32.8% of CARP members (Seniors) would vote Conservative (down from 65% in May 2011) and even 23.4% of CARP members (Seniors) would now vote NDP.

The April 2012 CARP poll also shows that:
- 51.4% of CARP members say there is no good reason to change the age for OAS
- 71.9% of CARP members say the budget is bad for Seniors
- 61.2% of CARP members say that budget WILL NOT help Canada grow and achieve prosperity.