FJT

@Solairethedarksoul

22 күн бұрын

Word

@funkspinna

22 күн бұрын

@@Solairethedarksoul FJT

Canada is a confused country. I would rather bring my ideas elsewhere.

@abcdedfg8340

21 күн бұрын

Not really, people just want a decent standard of living and enough time to do the things they like while still healthy and young, or see their family and friends who may be overseas. We are also now connected globally through social media and people know how employees are treated in different countries. These factors are killing productivity through burnout. I think people want to live for more than just surviving financially. Just my opinion.

@shawndejong6699

21 күн бұрын

@@abcdedfg8340 " just want a decent standard of living and enough time to do the things they like" That's fair but they keep voting for people who are destroying their ability to do just that. In that, the original comment is spot on.

@justauser

21 күн бұрын

​@@shawndejong6699 100%. The Liberal-NDP regime literally campaigns on making life more expensive and people vote red and orange!! It's so hypocritical

@willgamble2119

20 күн бұрын

​@shawndejong6699 sorry, our elections are also rigged with 70%+ not voting the people but they are still winning. Remember the points don't matter

Governments are BROKE.... TaxPayers are BROKE.... Your Income is TAXED, then everything you buy with those already Taxed Dollars is Taxed again, and now TAX any profits for being smart even more right ? Why get out of Bed ?

@michael2275

22 күн бұрын

Canadian gov't is bloated not broke. Could easily chop $50B a year in spend. The people are broke, the government is fat and happy.

@supernova14114

22 күн бұрын

@@michael2275 100% True! The Liberals have decimated Canada all they can do is more Taxes!

@dirtlump

22 күн бұрын

@@michael2275 LOL ! $50 Billion wouldn't do diddly ! A total now almost $1 Trillion in Government DEBT intending $50B yearly in interest alone suggests otherwise in a combined -$50B 'bloated' spending cut + the still $50B in interest = $100 Billion Fiscal HOLE into THIS already stagnant 10+ years Canadian GDP ?.... as does the now $3+ Trillion combined Mortgage/Consumer DEBT fundamental that under any actuarial analysis is now unsustainable by that already stagnant 10+ years Canadian barely ~$2 Trillion GDP/GDI.... that stagnant GDP devoid of productivity growth that was merely being sustained for over a decade now of unprecedented DEBT expansion post 2013($1.6T) to that now $3+ Trllion injecting FALSE demand price discovery into inflated BiG Bank Asset Chattels underpinning Financial Assets.... and heading into the now 4.5 Million Mortgage renewals here thru 2026(1 Million Negams increasing balances) all occurring at higher rates than initiation. This ain't gonna end well ! And FORGET BoC rate cuts.... which against the debasement based potential of resurgent DEBT instrument expansion past that ~$3+ Trillion NO longer based in future GDP capacity.... intends the BoC must remain positive above the zero bound 2% inflation target(maybe 3% to 3.5%) into those 4.5 Million Mortgage renewals now bound to be renewing ALL at far higher rates than initiated with significant "hits" coming to our 65+% consumer spending reliant already STAGNANT GDP. Or maybe you would have preferred if I just I stuck with Gov't is Broke and Canadians are Broke ? No 'politician' change is gonna fix anything....

@Hazara26

22 күн бұрын

The worse is cities and police every year more and more for property tax and same goes for police budget every year increase in millions. Police budget alone 52% to 53% for cities budget. All these bureaucrats enjoying their lives and whenever they want they give themselves raise but they are big losers they don't want to work and bring investment. Shitty system and people running this country.

@spyderativ2438

22 күн бұрын

What is the ratio of public servants vs total workforce ? I would not be surprised if it’s more than 25% and ranked among the top 5 most bureaucrats in the world.

Its Not a tax on the rich. Its a tax on the middle class. Anyone who wants to leave an asset to their kids. Anyone who without a pension, makes investments for retirement.

@AnotherBrownKid

19 күн бұрын

leaving an asset to your kids just perpetuates rich getting richer. my parents never left me sshit

@tommcd8471

15 күн бұрын

@@AnotherBrownKid your parents made shitty decisions so screw everyone else? yeah i already know who you're voting for.

I still want to know who voted for the government to have the power to take more of our money.

Productivity has been bad because business owners refused to invest in technology. They got Ottawa to import slave labour instead. Suppressed wages meant no need or pressure to improve productivity. Canadian rentiers can leave, as the benefit they provide is questionable. They won’t leave because their family, friends and business connections are here.

@abcdedfg8340

21 күн бұрын

It got bad because because wages were suppressed by some businesses. Even the new-comers figured out they were getting underpaid and eventually became less productive too. We have been in a cycle were the labor force has become increasingly financially strained, unable to take time off, and burned out. Now add in the social media and the fact that our labor force is very well informed of labor laws and conditions in other countries or finds they do not have enough time to see their friends or families overseas. Who would not become burned out and unproductive if they were in that situation? Just my opinion.

“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” - Winston Churchill

The Canadian government is setting the example; spend like a drunken sailor and do not worry your budget since it will balance itself. Why would I invest in an economy like this ? My hard earned $ will go somewhere else to invest where it will be treated better. As far as I know Canada still have free flow of capital into and out of the country as of today. We have to remember most of us do not get a job from a business that loses money and keeps running it in the red except when you work for the government.

This is just a gambit. Next time, they will lower the threshold from $250,000 to $100,000, and then to zero.

Productivity is already low. Why would you work hard just to have your earnings go to nothing ?

you get taxed to death if you invest for your retirement. good thing those asses in the big chairs get there retirement paid for by the tax payers.

no taxation without representation. I don't know about you but I don't feel represented.

@Solairethedarksoul

22 күн бұрын

Word

@ryeguy7941

22 күн бұрын

Same here. But at least New Delhi and Beijing are represented 😒

@justauser

21 күн бұрын

Severely, severely overr taxed and outrageously underserved by the Liberal-NDP regime

boomers capital gains tax credit was $1,000,000, which was roughly 4x the value of the average home. Our present capital gains credit is $250,000, which ironically is down to 1/4th of the value of our average homes now. And now with this 50% to 67%, a reasonable scenario of that increase is likely to equate to a quarter to a third of the average middle class income, (Just the increase alone). This credit has been depreciating worse than a car purchase over the last 40 years. Any claim to this being 'for the rich' is the most hollow proposition. Its most definately very 'inclusive' of the middle class now. But I guess that's 'on brand' for this government.

Let tax and spend our way to flourishing economy !

why do they taxes my income, then my gain in capital from inheritance , then my income revenue from renting a Real estate, then my car plate, then my home because its close to montreal so montreal can run buses and not use my taxed money for my hometown, then taxes my death, then taxes my obituary then taxes the wheat used to grow the bread i eat so the bread i eat can get taxed again so they can taxe the fuel for growing my bread and the machine's plowing the field purchases with taxes, now they talk about taxing the taxes from the taxes from the taxes from the taxes. welcome in communism, they taxes the future, they taxe my whole life past,present and future, fuck this country. They tax me 100% of my income over a RE purchase yet i do receive no representation of my own opinion and choices/sacrifices and success yet they choose for me. I do pay twice as much as the rest of canada yet my province suck just as much as the rest of this cess pool

I worked hard and saved my money invested for my retirement and to help my children why should I pay more tax?

Tax and spend.

My cottage is my retirement plan. Do u pay capital gains on your retirement savings?

In Quebec, it's 50% on the federal income tax and another 50% on the provincial income tax.

It is devious and hypocritical to offer a short time to dispose of your assets before 25th of June to benefit from old taxation! This government will loose more than expected!

Assets are not mobile though.

Trudeau's team of Liberals and Poilievre's team of Conservatives should be the key speakers at each summit of Chambers of Commerce, Boards of Trade, Professional associations and Small business councils so each team can have their chances to directly answer the questions from the people who are impacted directly from the Capital Gains taxes increases.

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

@berniceburgos-

19 күн бұрын

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

@hersdera

19 күн бұрын

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

@ScottKindle-bk3hx

19 күн бұрын

Could you possibly recommend a CFA you've consulted with?

@hersdera

19 күн бұрын

My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@CraigLloyd-fz6ns

19 күн бұрын

Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

Increase national GDP that has falling off a cliff over the last 10yrs. Increase GDP and increase jobs for all Cdn. Creating jobs not handouts. Solves housing and side benitlf increase tax base.

Its penalizing anyone who owns a home and wants to sell it for retirement! Its penalizing children when their parents die! Its not helping the next generation its hurting us! I cant save for retirement.. im a single mother of 2 little kids and all i have for my future is my dads house. So i guess the government is going to have to up my CPP in 30 years or ill be homeless and starve if the country doesn't start making money again!

@alaalrashaeideh1154

22 күн бұрын

If u have a job ,, that’s will not happen

@letsgetthissorted

21 күн бұрын

Ummm... dumn ass. It doesn't affect selling your principal residence. The government is maintaining the principal residence exemption, to ensure Canadians do not pay capital gains taxes when selling their home. Any amount you make when you sell your home will remain tax-free.

@letsgetthissorted

21 күн бұрын

You can always tell the idiot 'freedom convoy' folks who never read the actual changes. Go move to the states and vote for Trump you quarter wit.

FJT sells all your assets and leave Canada.

ENSLAVING CANADIANS through TAXATION !

Pay your goddamn taxes like rest of us jfc

NHL should cut pay for all MVP. Toronto might get the cup. Liberal-NDP suck

I’m all for taxing wealth by this means but only if you also greatly reduce income tax. Andrew Coyne wrote a great piece saying just that a while ago.

@epictetus3406

22 күн бұрын

Taxing wealth removes the incentive to acquire it. Do you realize what that means?

@stephen876

22 күн бұрын

You do realize they will first tax the middle and lower classes to death first? The rich have NUMEROUS ways to get around taxation.

@thezeronelite

22 күн бұрын

Lol, some european countries have taxes of 90% or higher and there's been no max exodus of companies You're just fearmongering to protect corporate interests​@@epictetus3406

@agodelianshock9422

22 күн бұрын

@@epictetus3406 I personally don't want billionaires or mega-corporations having an incentive to acquire more wealth. Normal people will still start a business if they could reach say 300 million before hitting a 99% tax rate. Regular people and small businesses are getting the life choked out of them by these huge players we've allowed to exist for some reason.

@epictetus3406

22 күн бұрын

@agodelianshock9422 this tax affects all corporations, whether you have 1 employee or 1000. That's what the average citizen doesn't understand unfortunately. All this is doing is further ensuring that you will never be able to attain wealth. The mega corps are a problem but why do you think they are like that? It's because of excessive government intervention and regulation that no one can compete with them. The only way to keep them in check is to compete with them. Without competition you get what you currently have in canada - poor service, expensive products or services and a lack of innovation.

the future of this country is EXCEEDINGLY bright

@supernova14114

22 күн бұрын

LOL! SUUURE VERY BRIGHT!!!!!!

Wealthy people claiming taxing them at a higher rate will be catastrophic to the economy is nothing new. Somehow it’s always the middle class that ends up paying for everything.

@waynejpark560

22 күн бұрын

The new cap gains tax rate will affect MANY middle class people too, genius.

@GoriusMaximus

22 күн бұрын

@@waynejpark560 I don’t think many in the middle class make capital gains over 250k a year.

@divinity176

22 күн бұрын

@@GoriusMaximus Not every year, or most years... but they will be hit when they cash in assets (e.g. sell a rental property). The threshold is too low to call it a tax on the rich.

@waynejpark560

22 күн бұрын

@@GoriusMaximus If you sold a piece of investment real estate or family property, yes you would be affected by this tax increase . I don’t understand people like you that advocate for more taxation of citizens, while the government is racking up massive debt with irrational spending. You’re probably bitter & don’t like others “getting ahead” thus you support more taxation on all citizens.

Capital gains inclusion rate will be increased from one-half to two-thirds for capital gains of over $250,000 per year. Of course the big conservative babies are crying the blues. Poor poor babies. Watch the babies try to move their monies into offshore accounts and pay zero taxes if they can work it out to use it back in Canada. That's what babies do... cry the blues that the wealth disparity isn't large enough. Poor poor babies.

@timh1187

21 күн бұрын

Only people who are going to suffer is people like you. Majority of anyone with healthy finances. They moved their money out years ago. Things for you are going to get sooo much worse.

Should tax the dentist. They are so rich.

@OneAndOnlyKJx

22 күн бұрын

They are heavily taxed. In NS, you get taxed 54% in the highest margin. Then everyone pays 15% HST when you buy things. Blame the government spending, not the guys who worked hard to make a decent living.

@supraccc

22 күн бұрын

@@OneAndOnlyKJx thats why they incorporate?

@OneAndOnlyKJx

22 күн бұрын

@supraccc Yes, but if they ever want to use that money to buy a house, they must pay themselves and therefore get taxed.

@Chimera2020

22 күн бұрын

A dentist is just one consumer tax payer just like you, just smarter and worked harder than you at the right time, to earn a better life. Where is this hate coming from? You remember that kid who never came to the parties when we were head banging all night, now he is a dentist, you and me are working late night to earn our buck.

@Ritawaltersssss

21 күн бұрын

@@Chimera2020well said

Chinada is fine

I am a non-resident of Canada now.🤭

@waynejpark560

22 күн бұрын

Well done.