Allan L Johnson Insurance Services
770 Brunswick St, V2L2C2 Prince George, BC, Canada

Gas Prices and Associated Taxes How often do we criticize the "Big Oil" for price fixing? Or Gouging the Consumer? Has anyone looked at the amount of taxes we pay on a Litre of gas in B.C.? This was posted by the CBC on April 19th, 2019. So I expect some of these taxes are possibly higher now. Provincial Motor Fuel Tax (Metro Vancouver - 1.75 cents Provincial Motor Fuel Tax for the rest of us in BC - 7.75 cents... B.C.'s Carbon Tax - 8.89 cents B.C. Transportation Finance Authority Tax - 6.75 cents TransLink Tax (Metro Vancouver) - 18.5 cents Transit Tax (Victoria) - 5.5 cents Federal Excise Tax - 10 cents Goods & Services Tax on top of these taxes plus the cost of the gas. It's criminal that the Federal Government thinks it's ok to tax a tax. Isn't it interesting that when the price of fuel goes down, the tax doesn't. It's based on cents per Litre, not a percentage of the price of fuel. How about we direct a little more attention to our governments who are bleeding us dry?

Mortgage - The word Mortgage is derived from a French term used in Britain in the Middle ages meaning "Death Pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. Mortgage stems from two other words, "Mort," which means death in French and 'Gage", which means a measure or portion. So in effect, a mortgage then is a measure or portion of death. Ever feel like death is more likely to happen first than to get that mortgage paid off? We have some strategies to get out of debt much sooner and reduce the amount of interest you pay as well.

Popular Myth: Proposals being made to increase CPP benefits have no negative consequences. Reality: CPP benefits are treated as taxable income, they are also included in the income calculation for clawing back OAS benefits. Currently, the OAS starts to be reduced for those with income above $79,054. Every dollar earned above this level generates 15 cents of OAS clawback until the OAS is reduced to zero at an income of $128,137. More recently called OAS Pension Repayment.

Every once in awhile, we come across a cause or a topic that stirs us to act. Not just share an opinion. But to take action. We would like to challenge everyone who sees this post to consider joining us in reaching 1,000,000 people in the next 30 days. Go to the link provided and find out what we are so excited about. www.faithforfinances.com. If you are familiar with the concept of Sowing & Reaping, you may experience an increase through multiplication. Please consider provi...ding a small investment of $1, $10, $100 or $1,000 for information and educational materials with a value exceeding your seed. (investment) We are committed to promoting and teaching financial stewardship to everyone who has an interest in learning about alternative ways to handle your money and navigate the complicated world of Money Management. You will be blessed as well as be a blessing when you share this with everyone you know. Thank you for joining us in changing our mindsets (perspective) and our habits when it comes to handling our finances. See more