Should Canada merge with Trump's America?
- Thread starter oil&gas
- Start date
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this is a odd theory
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the Americans can pump as much water as they want out of the great lakes and there is not a damn thing Canada could do about it
its their water too
they will need our oil and natural gas
The rest of Canada should start recognizing how strategically important Alberta is
Treason...figuratively speaking.
Give me a better word that describes a government who puts their citizens at risk by not protecting them with secure borders.
btw you overlooked my other comment about the Charter of Rights violation and focused on one single word in my entire reply.
Shame on you for building a successful business and not giving more than half your money back to the government so they can bribe voters with "free" stuff.See, this is it. My business caters to the extremely wealthy. They're doing fine. Which is why I'm at where I'm at: Wealth inequality is the driver for much of the societal issues you are reacting to.
I'm not selling capitol assets regularly. And the capital gains tax rate is not 33%.
Capital Gains Changes | CFIB
Capital Gains Changes: Here’s what CFIB knows so far and where we go from here. A huge surprise in this year’s Federal Budget was several changes to capital gains taxation, including an increase in the inclusion rate, changes to the Lifetime Capital Gains Exemption, and the introduction of a new...www.cfib-fcei.ca
I'm more than 10 years from retirement, and I might not sell my office when I retire. But if I do, and it's appreciated $2m when I sell it, I'm coming out ahead. If it's worth 3million, I'm losing 13% of 3 million, instead of gaining 8% of 2 million, so I still come out ahead.
According to many, you're the root of their problems and keeping them from the lifestyle they believe they deserve.
ugh, because it's the same. You're not working from an understanding of Canadian law.
_A_ judge made a ruling about charter violations. That ruling is being appealed. It may be overturned, and that means Trudeau didn't violate your charter rights.
Legal immigration and declaring refugee status are both LEGAL in Canada. Yes, there are too many of both, but Trudeau is following the law. If he barred refugees who later turned out to have a valid claim, he's violated their rights, and could be on the hook for millions. See Omar Khadr.
Shame on you for not understanding Capital Gains Taxes. Nobody gives half their earnings back to the government. And before you post the Fraser institute study, know that they rolled the TOTAL taxes paid by all businesses into the taxes paid by all taxpayers. Statistically, you don't pay any tax. i.e., the bottom 50% of earners pay 5% of the tax.
Ah yes, hanging your hat on an appeal to distract from a verdict. Ok. Forest for the tress how the saying goes.
Who said anything about refugees?
If our borders were secure then why the sudden focus on fixing them?
33% federally; 13% provincially; HST, Carbon Tax, etc etc.
An individual making more than $220k/year pays more than 50% in taxes.
You don't pay 33% ever in Canada. The 33% bracket STARTS at 246,752.
If I make 220k exclusively from salary and do nothing to earn a deduction (rsp, charity, kids, etc.) I pay 76k in income tax.
www.fidelity.ca
What's property tax? 5k? Could be 2k, could be 10k. 81,000. Now if I spend the remaining 139k exclusively on things that have HST on them, that's an additional 18k, for a total of 99,000 in tax. 99/220 < 50%
You've gotta be real bad at managing money to ever sniff paying 50% in tax.
If I make 220k exclusively from salary and do nothing to earn a deduction (rsp, charity, kids, etc.) I pay 76k in income tax.
2024 Canada Income Tax Calculator | Fidelity Investments Canada
Estimate your tax savings when you vary your RRSP contribution amount with our Canada Tax Calculator.
www.fidelity.ca
What's property tax? 5k? Could be 2k, could be 10k. 81,000. Now if I spend the remaining 139k exclusively on things that have HST on them, that's an additional 18k, for a total of 99,000 in tax. 99/220 < 50%
You've gotta be real bad at managing money to ever sniff paying 50% in tax.
The only place to bea government who puts their citizens at risk by not protecting them with secure borders. is unbelievably irresponsible
if they did this intentionally it is likely worse than treasonous... evil and satanical comes to mind
however given their track record we should attribute this failure to the liberal governments consistent incompetence
it is a lot closer to 50% than you appear to understandYou don't pay 33% ever in Canada. The 33% bracket STARTS at 246,752.
If I make 220k exclusively from salary and do nothing to earn a deduction (rsp, charity, kids, etc.) I pay 76k in income tax.
2024 Canada Income Tax Calculator | Fidelity Investments Canada
Estimate your tax savings when you vary your RRSP contribution amount with our Canada Tax Calculator.
What's property tax? 5k? Could be 2k, could be 10k. 81,000. Now if I spend the remaining 139k exclusively on things that have HST on them, that's an additional 18k, for a total of 99,000 in tax. 99/220 < 50%
You've gotta be real bad at managing money to ever sniff paying 50% in tax.
you are ignoring all the other taxes, hidden or not
sales tax, property tax, GST on the carbon tax, clean fuel standard, carbon taxes and GST on the clean fuel standards tax, capital gains, interest income tax, fees for services, development fees on a new home etc. etc., etc.
granny wynn use to call them revenue tools so she did not have to properly identify them as new taxes.
if you are afraid to call a spade a spade, there is something wrong with that deck of cards
When you die any registered saving are deemed income and taxed at the marginal rate which is often the top combined rate
the govt also borrows excessively which compounds the interest on debt secured by your future income taxes
Justin Trudeau has already spent your income taxes for several decades into the future
in a court of law you are assumed innocent until proven guilty
With the CRA you are deemed guilty until you can prove your innocence and that can be frighteningly expensive
1 in 4 full time employees in Canada is employed by govt (federal, provincial, municipal)
That is not sustainable
So instead of addressing that imbalance, governments have just borrowed excessively accumulating more and more compounding debt
it is a ticking time bomb
Most people accept taxes as a necessary evil.
But they get infuriated when their tax dollars are wasted/ poorly managed by fools
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it is un-Canadian if you knowingly support the damage he is causing.
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i find it odd how any successful entrepreneur can put the effort, time stress and risk taking required to building and maintain a profitable business and be so nonchalant about
- giving a significant portion of the profit to a wasteful government
- watch as that same wasteful government grabs more and makes the business environment more difficult
if you die with a large registered portfolio you pay real close to half
that's screwed up logic
according to the loonie left (ie Sellout Singh) businesses do not pay their share of taxes
but you are claiming that business actually skew the total tax bill to the upside, ie a disproportionated large share of the tax burden
So who is wrong ?
i have yet to meet any credible person who feels they should be paying more tax
if you are in the cohort that pays only 5% of the tax, capital gains is not an issue as you very likely did not have any capital to generate a gain in the first place
yet the middle class and poor pay lots of taxes and are getting crushed by inflation causing taxes
you are also ignoring the impact of the poorly planned cap gains tax on the supply of risk capital
risk capital is vital for innovation and supporting new tech ideas.
A sector where Canada is and will continue to lag behind
What type of business did you say you were running again?
sounds utopian
The U.S. would likely give the Quebecois their independence. It's all fun, hypothetical chat so why would does this fantasy have to include all of Canada.
The $220k figure was for provincial but regardless, adding up all the taxes brings you over 50%.You don't pay 33% ever in Canada. The 33% bracket STARTS at 246,752.
If I make 220k exclusively from salary and do nothing to earn a deduction (rsp, charity, kids, etc.) I pay 76k in income tax.
2024 Canada Income Tax Calculator | Fidelity Investments Canada
Estimate your tax savings when you vary your RRSP contribution amount with our Canada Tax Calculator.
What's property tax? 5k? Could be 2k, could be 10k. 81,000. Now if I spend the remaining 139k exclusively on things that have HST on them, that's an additional 18k, for a total of 99,000 in tax. 99/220 < 50%
You've gotta be real bad at managing money to ever sniff paying 50% in tax.
You seriously think someone making $220k+ as an individual pays less than 50% of that in taxes per year when you factor all taxes paid on everything?
Either your math is off, or your math is off.
Except both people in that photo are Canadians. Oops!
