You mean the mess created when they violated the Canadian Charter of Rights? I wonder what the payout will be to those charged?
Conservatives win St Paul's byelection
- Thread starter Butler1000
- Start date
Soros is Jewish, but Soros funds the liberals in both the US and Canada. The libs in Canada, and the Dems in the US, have both become antisemitic, in order to achieve votes!!
Thus you have a billionaire Jew in Soros, funding antisemitic Libs and Dems. It's a crazy world, we live in!!
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What, too hard to ask the Google? This took me 5 seconds to find. https://cpcassets.conservative.ca/wp-content/uploads/2023/11/23175001/990863517f7a575.pdf
PP won't release his entire agenda until an election is called. The opposition never does. If you have specific questions, email the conservative MP in your riding. Or better yet, email PP directly instead of just whining about him. pierre.poilievre@parl.gc.ca
That's not all JT's fucked up, but rather one more thing...
Justin Trudeau’s MP
@JenicaAtwin
must really hate Jews. Here she is today, again, calling for a ceasefire — and falsely accusing Israel of genocide. No mention of hostages — who have been held captive for 9 months. No surprise her riding is Fredericton — where the 14-year-old Jewish girl was beaten up in what appeared to be a well-coordinated attack. Message to Jenna: Next time just say “I hate Jews,” instead of sounding so ineloquently verbose. P.S. Jenna must also hate democracy since her posts are protected.
This poor guy sounds like he rides the short bus. Typical Trudeau supporter.
I vote for JT staying on. Better chance of them losing. Besides, his ego is too big for him to step down...
It wasn't just the capital gains tax. It the fact that 2024 was the year for him to show everyone he could be fiscally responsible and he didn't do it.
Instead, he decided to passed the buck onto the tax payers. That was a dick move. Not everyone making capital gains are super wealthy.
Like I said in another thread:
PeePee has never had a real job yet has accumulated $25 million working in politics while never passing a single bill.
Who is paying him off?
The 40,000 people in Canada who are making more than $250,000 from capital gains a year are definitely not average canadians.
Jewish voters are a tiny minority, he should be more pissed by how many liberals he's pissed off by supporting Israel.
It will only affect 40,000 Canadians? Is that was Justin told you? And you believed him?
In reality, it will affect many more Canadians than what JT and CF are telling you. In other words, they're lying. This certainly isn't the way for the Liberal to secure votes in the next election. Keep digging that hole JT.
3 big questions about how the capital gains tax increase affects you
Ottawa says only a small percentage of taxpayers will be subject to the changes. In reality, a much wider spectrum of Canadians will be impacted.
The federal government’s decision to increase the capital gains inclusion rate to 66.7 per cent from 50 per cent on amounts above $250,000 for individuals and on all gains for corporations has caused a lot of angst amongst business owners, professionals, investors and property owners, to name just a few.
But confusion still reigns about who these changes will affect and how. Neil Kumar, an adviser and portfolio manager at Richardson Wealth, answers three big questions about the increase.
Who will be most affected?
“The federal government cites figures indicating that only a small percentage of taxpayers will be subject to the increased capital gains inclusion rate. In reality, a much wider spectrum of Canadians will be impacted by the changes, ranging from professionals and small-business owners/entrepreneurs to those who may own a second property.
“In general, any Canadian who has a trust or incorporated business (holding company) will see a significant increase in their taxes. Working professionals who are allowed to incorporate (for example, accountants, lawyers, doctors and realtors) and small-business owners will see the inclusion rate on capital gains rise by 33 per cent after June 25.
“In terms of numbers, according to the Government of Canada’s own stats, there were 1.19 million small-business owners as of December 2022 and these business owners employed roughly 46.8 per cent of the total private labour force. In addition to small-business owners, there are more than 210,000 accountants, 136,000 lawyers, 96,000 physicians and 160,000 realtors in Canada, many of whom have a holding company to invest their excess savings.
“In other words, the government’s figure of 0.13 per cent is grossly low. Individuals who invest through a holding company will also see a decrease in the amount going to their capital dividend account from 50 cents on each dollar of realized gains to 33 cents on each dollar of gains.
“Another group of Canadians who will be negatively impacted are real estate investors. While the sale of primary residences will remain excluded from capital gains tax, individual Canadians who own an investment property or recreational property will face a tax hit on the sale of a property as the capital gains inclusion rate will increase by 33 per cent for capital gains exceeding $250,000 (for professionals who own real estate in an incorporated business, the hit will be from the first dollar of capital gain).
“Once again, the government’s estimate about the number of impacted individuals is misleading. Approximately 4.4 million Canadians own an investment property, with one-third of them owning two or more properties, according to a Royal LePage survey in May 2023. Moreover, 11 per cent of Canadians own a cottage, with an equal number looking to buy one, according to a ReMax poll in 2023.”
How will it affect long-term investment strategies?
“Some initial thoughts, with the caveat that everyone should seek appropriate tax advice for their unique situation:
- Canada may be less attractive to invest in. We still need to digest how the increase in the capital gains inclusion rate will impact businesses. In general, higher taxes cause investments to be less profitable and might be viewed as a “disinvestment” incentive. This might cause capital to flow to jurisdictions with more favourable tax treatment, or simply cause global investors to avoid Canada.
- While the budget deficits are not getting bigger, we will need to see if increased government spending causes an increase in inflation.
- Some people with a shorter-term investment time horizon may choose to “crystallize” unrealized gains before the June 25 deadline.
- Less portfolio turnover (that is, trading activity).
- Life insurance may become a more attractive option to offset higher taxes upon death.”
How could it affect wealth and tax planning?
“We aren’t allowed to provide specific tax advice to our clients, but we actively work with their accountants to address tax issues. It seems like tax accountants are still formulating their own stance or opinion on the changes. So far, we have received varying opinions from the trusted accountants we know and work with, which seems reasonable given that each client is unique.
“These opinions range from advising their clients to crystallize as much capital gains as possible before the June deadline to doing nothing.
“The advice needs to be tailored to each client with an understanding of their current financial position, future goals and the likelihood of certain financial events happening.
“To illustrate this, let’s assume Client A is a 45-year-old entrepreneur who invests their surplus cash in their holding company. They have purchased shares in companies that have long-term growth potential and don’t anticipate selling their shares for the next 10 years.
“In this case, an accountant might advise them not to crystallize any current gains since the growth on the taxes saved today might be greater than the incremental tax hit in the future. In contrast, if the time horizon was only two years, the accountant might suggest crystallizing gains now.”
https://financialpost.com/investing/how-capital-gains-tax-increase-affects-you
How many people do you think are making more than $250,000 a year from capital gains?
Remember, primary residencies are left out, so this is only on people who are buying and selling property for profit regularly.
Not just on property...assets.
So someone who held stock or property as their retirement investment now has to hand over more of it when they sell it and have less when they retire after having saved their whole working lives for that.
Robbery.
Thank god these Liberal thieves will be gone soon and hopefully this scheme is rolled back.
If Trudeau goes down then all of these other Liberal Ministers will go down with him. It makes no sense for them to publicly split with JT; their fate is tied to his whether they like it or not…plus they’d probably be kicked out of the party if they started trashing JT in the press.
What they say behind closed doors may be entirely different but there’s no way to know. We’ll see..
I'm sure they are already lining up their exit strategy, board positions, legal firms and consulting/lobbying gigs for the inevitable. Unless he resigns they will all go down with the ship unless a lucrative offer shows up by the New Year.
You really think someone who can sell $250,000 a year in assets, either stocks or property, can't afford to pay taxes on those assets above $250,000?
You think that's unfair while someone like you working as a security guard would have to pay tax on everything they make?
anyone who willing choose / supported the corrupt moron Justin Trudeau as the leader of their party is void of integrity, lacks the ability to judge character and is unworthy of the electorates support
never put an idiot in charge
They should have turfed him over the SNC scandal
they choose to retain power and look the other way as scandal after scandal and incompetence piled up
They have forever shamed the once proud Liberal Party of Canada and have caused much damage to Canada
the next federal election can not arrive soon enough
