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The following News Release or Speech has just been posted on the Finance Canada Site …

Canada’s New Government Reduces Debt Burden to Lowest Level in Quarter Century

The Honourable Jim Flaherty, Minister of Finance, today tabled in Parliament the Debt Management Report for 2005–06, which reports that Canada’s New Government has eliminated $13.2 billion in federal debt.

“This achievement will yield interest savings of approximately $650 million each and every year,” said Minister Flaherty. “That’s money that can be used to provide priority programs or further reduce the tax burden on Canadian families and businesses.”

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Here’s a good site to check the validity of Canadian charitable donations made during the year, directly on the Canada Revenue Agency website …

https://apps.cra-arc.gc.ca/ebci/haip/srch/sec/SrchLogin-e?login=true

This site is handy for me checking to see if charities are legit or not. A client insisted that a charitable contribution was made during 2005. After looking at the receipt, I informed my client that it was not an official charitible donation, that although in the good of their hearts the receipt does show a generous contribution made to a company, and it was described as a “donation” .. there was no registered charity number on the receipt. That’s the first giveaway.

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