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Canada Announces Major Tax Refunds Due to Surplus Collection for 2006

In a significant move, Finance Minister Jim Flaherty has announced that 70% of the tax surplus collected in 2006 will be refunded to Canadian taxpayers. This decision is due to a remarkable increase in tax collections. Affected taxpayers can expect refunds of between $3,000 to $6,500 for married couples and $1,500 to $3,250 for singles. Detailed instructions on applying for the refund online can be accessed through the official proclamation. Don't miss out on this opportunity before the Spring season arrives!

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Canada Announces Major Tax Refunds Due to Surplus Collection for 2006

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  1. TAX REFUND Revenue Canada News Release:January 22, 2007. • Due to a very significant increase in tax collection for the year 2006, Finance Minister Jim Flaherty has instructed the Treasury to refund 70% of the tax surplus to Canadian taxpayers before the Spring season! • Average refund will be between $3000 to $6500 for a married couple, and $1500 to $3250 for a single person. • Click on the red dot below to listen to the official proclamation and instructionsas to how to apply for this refund online.

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