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Home equity tax

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bazokajoe

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Nov 6, 2010
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JohnHenry said:
I could see doing that by levying an additional 5 percent on property tax for each year of ownership. Maybe part of that extra revenue could be used to reduce the tax on first time buyers.
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I've had my house for 25 years. So you expect me to pay more taxes just so someone else can be lazy and not save for their first house?
GTFOOH.
 
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bazokajoe

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There is no doubt the liberals want to tax home owners. I think it was 2016 when you had to start reporting your house sale on your federal tax return.
They want to see how much money they can rake in.
Just another sign liberal's are incompetent running a government.
 
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Butler1000

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Oct 31, 2011
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It would end up an election loss if they did it to rival the 2 seat decimation of the Conservatives over the GST.

And they know it.
 
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bazokajoe

Well-known member
Nov 6, 2010
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speakercontrols said:
Absolutely! Tax the rich!
If not, then dramatically lower if not cut off OAS for homeowners so Boomers can used their hard-earned home equity for pull themselves up by their bootstraps and pay their way!
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Well then the home owners kids can kiss their inheritance good bye.
Time for the young to pull their weight and stop blaming others.
Bunch of powder puffs.
 
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JohnLarue

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Jan 19, 2005
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speakercontrols said:
Absolutely! Tax the rich!
If not, then dramatically lower if not cut off OAS for homeowners so Boomers can used their hard-earned home equity for pull themselves up by their bootstraps and pay their way!
Click to expand...


OAS has nothing to do with homeownership
And there is an income claw back already attached to OAS

one can not access the equity in a home without selling it or borrowing against the equity
 
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K Douglas

Half Man Half Amazing
Jan 5, 2005
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Room 112
Frankfooter said:
Tax rates on the rich in the US used to be 80% and there were more unions.
That's when people could afford to buy houses.
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Tell us you have no clue without telling us you're clueless. One has nothing to do with the other. And btw taking 80% of one's wealth/income is confiscation. Fortunately those exorbitant rates didn't last long.
Now we need to get our rates down to below 50% for every province in Canada. The only way that will happen is to vote blue.
 
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K Douglas

Half Man Half Amazing
Jan 5, 2005
29,867
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Room 112
speakercontrols said:
Absolutely! Tax the rich!
If not, then dramatically lower if not cut off OAS for homeowners so Boomers can used their hard-earned home equity for pull themselves up by their bootstraps and pay their way!
Click to expand...
This might be one of the most boneheaded comments I've ever seen on this forum. And it didn't come from Frankie either :LOL:
 
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Frankfooter

dangling member
Apr 10, 2015
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K Douglas said:
Tell us you have no clue without telling us you're clueless. One has nothing to do with the other. And btw taking 80% of one's wealth/income is confiscation. Fortunately those exorbitant rates didn't last long.
Now we need to get our rates down to below 50% for every province in Canada. The only way that will happen is to vote blue.
Click to expand...
The amazing part is that this conservatives always refer to the times when those tax rates were that hight as 'the good old days' that they want to replicate now.
Only somehow they think more tax cuts for the rich and trickle will do it. This time.
 
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RZG

Well-known member
Mar 4, 2007
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speakercontrols said:
Absolutely! Tax the rich!
If not, then dramatically lower if not cut off OAS for homeowners so Boomers can used their hard-earned home equity for pull themselves up by their bootstraps and pay their way!
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Let`s see. I`m 68 years old, worked 45 years straight, sometimes worked 2 or 3 jobs same time for a few years when needed, and never took a dime from the government, ever. I now own my 4th house and yes I get all the government cheese, CPP, OAS, GST credits, Trillium, OSHPTG. On top of two company pensions. More work and less pissing and moaning pays well. There`s likely a bunch of guys just like me on TERB too.
 
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Klatuu

Well-known member
Dec 31, 2022
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RZG said:
Let`s see. I`m 68 years old, worked 45 years straight, sometimes worked 2 or 3 jobs same time for a few years when needed, and never took a dime from the government, ever. I now own my 4th house and yes I get all the government cheese, CPP, OAS, GST credits, Trillium, OSHPTG. On top of two company pensions. More work and less pissing and moaning pays well. There`s likely a bunch of guys just like me on TERB too.
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You are 68? Then you bear some responsibility for the current state of this country. But, it was amusing to see you list all the government “cheese” you are receiving while claiming you have never taken a dime from the government.

It would be nice to hear less mindless pissing and moaning from you.
 
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RZG

Well-known member
Mar 4, 2007
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Klatuu said:
You are 68? Then you bear some responsibility for the current state of this country. But, it was amusing to see you list all the government “cheese” you are receiving while claiming you have never taken a dime from the government.

It would be nice to hear less mindless pissing and moaning from you.
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Took nothing while working. Now I receive everything Canada says I can, same as you and everyone else. I paid my way, how about you?
 
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Anbarandy

Bitter House****
Apr 27, 2006
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RZG said:
Let`s see. I`m 68 years old, worked 45 years straight, sometimes worked 2 or 3 jobs same time for a few years when needed, and never took a dime from the government, ever. I now own my 4th house and yes I get all the government cheese, CPP, OAS, GST credits, Trillium, OSHPTG. On top of two company pensions.
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The above does not compute if you receive OSHPTG.

Do you own 4 houses presently?
 
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DesRicardo

aka Dick Dastardly
Dec 2, 2022
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Guys, read the writing on the wall. It's over.

We are now at the point of: do we want to salvage what we can or just completely go down in the fire.
 
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