Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!
- Thread starter Ron in Regina
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Average income is close to the same just under $60,000 with the difference being in the buying power of the dollar. It's not as straight forward as it seems.
Buying things of value is still the same but their government takes less / gives back more. I'm sure there are some nice places.
Living in Canada is like fixing up an old car if you could ever get it running just right it would be good.
How an accounting oversight will quietly cost Canada billions
For a variety of reasons, the Canadian national debt is at all-time highs. But while we’re all arguing about spending and taxes, what if I told you that a no...
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A gift to her daughter and grandson has left a 93-year-old Ontario woman with sticker shock.
Liz Diachun told CTV News she was planning to give her family two lots on her farm property in Warkworth to help them establish homes. However, her lawyer informed her that despite the land being a gift, it still needed to be appraised at fair market value for tax purposes.The most controversial measure from her recent federal budget is not included in the motion she tabled Tuesday to introduce the federal budget in the House of Commons.
Capital gains tax changes not included in Freeland's proposed budget legislation — The Canadian Press
OTTAWA - Finance Minister Chrystia Freeland intends to ask Parliament to approve proposed changes to capital gains taxation in a stand-alone bill — a move that will force the federal Conservatives to take a specific position on the measure.apple.news
The two lots were appraised at $125,000 and $145,000, totalling $270,000, leaving Diachun with a tax bill of about $40,000, an amount she said she cannot pay.
“I’m on pension. How am I going to pay for that?” said Diachun. “I’m not one of the wealthy. I’m 93 years old. Who is going to give me a mortgage? Who is going to give me a loan?”
Diachun is hopeful she can still find a way to make the gifts happen but the clock is ticking. Beginning next month, the capital gains tax inclusion rate will increase from 50 per cent to 67 per cent for amounts over $250,000.
Canadian, 93, wanted to give her kids a gift. Instead she got slapped with $40K in capital gains tax bill — National Post
'I’m on pension. How am I going to pay for that?'
Maybe it's an attitude of "Big deal. The Yanks do it all the time." That would ignore the ancient rule that what the big dog does can be dangerous or fatal to the little dogs.
We'll be fine after Russian resources are off the market and incapable of supporting BRICS.
The Liberal government plans to take the first legislative step Monday (today) toward increasing the inclusion rate on capital gains.
Finance Minister Chrystia Freeland flagged the timing Sunday, saying the government is taking action to improve tax “fairness” for Canadians.
Freeland announced the capital gains tax changes as part of her April budget, but left the new inclusion rate out of the budget legislation.
The government proposes to make two-thirds of capital gains taxable.
The Liberals must table a motion in the House of Commons before they bring forward the actual legislation on capital gains. The government says the change will take effect June 25, even if a bill has yet to pass…which sounds kind of ominous all by itself…
www.cjme.com
Chrystia Freeland is warning that democracy is at stake if Canada doesn’t raise the capital gains inclusion rate. Justin Trudeau’s deputy prime minister was speaking Sunday of the cold and dark future that awaits Canada if this specific tax change isn’t made, etc…
apple.news
Finance Minister Chrystia Freeland flagged the timing Sunday, saying the government is taking action to improve tax “fairness” for Canadians.
Freeland announced the capital gains tax changes as part of her April budget, but left the new inclusion rate out of the budget legislation.
The government proposes to make two-thirds of capital gains taxable.
The Liberals must table a motion in the House of Commons before they bring forward the actual legislation on capital gains. The government says the change will take effect June 25, even if a bill has yet to pass…which sounds kind of ominous all by itself…
Capital gains proposal to be presented to Parliament on Monday, Freeland says
The government proposes to make two-thirds of capital gains taxable.
www.cjme.com
LILLEY: Freeland warns of dark future in Canada without capital gains tax hike — Toronto Sun
In a bizarre speech laying out the government plan on capital gains, Deputy PM Chrystia Freeland warned of citizens burning with rage.
Doctors, lawyers and other professionals have objected to the capital gains tax change since it was announced, saying their ability to retire and take time off is contingent on profits made from their practices.
The Canadian Medical Association said in a statement Sunday that it is “deeply disappointed” in Freeland’s announcement that the federal government plans to proceed with the tax change. It warned the change will “add undue pressure and financial strain on physicians, undermining the stability of our health-care system.”
Benjamin Bergen, president of the Council of Canadian Innovators, told Global News on Sunday that the central bank’s rate cut is more a sign that Canada’s economy is struggling and needs a boost.
The proposed changes to capital gains taxes are an “ill-baked idea” that will hamper growth outlook by discouraging Canadians to start and invest in their businesses, he argued. He said that CCI members have already told him that investors are wary of putting more capital into Canadian firms based on the proposed changes in the budget two months ago.
Capital gains changes set to be introduced Monday. Here's what to expect — Global News
Proposed changes to how Canadians' capital gains are taxed are set to be tabled in the House of Commons on Monday. Here's what to know about the bill and the controversy.
Something tells me these capital gains dont impact trust funds and their real assetsDoctors, lawyers and other professionals have objected to the capital gains tax change since it was announced, saying their ability to retire and take time off is contingent on profits made from their practices.
The Canadian Medical Association said in a statement Sunday that it is “deeply disappointed” in Freeland’s announcement that the federal government plans to proceed with the tax change. It warned the change will “add undue pressure and financial strain on physicians, undermining the stability of our health-care system.”
Benjamin Bergen, president of the Council of Canadian Innovators, told Global News on Sunday that the central bank’s rate cut is more a sign that Canada’s economy is struggling and needs a boost.
The proposed changes to capital gains taxes are an “ill-baked idea” that will hamper growth outlook by discouraging Canadians to start and invest in their businesses, he argued. He said that CCI members have already told him that investors are wary of putting more capital into Canadian firms based on the proposed changes in the budget two months ago.
The NDP have indicated they will support the proposed changes to capital gains taxes.
Capital gains changes set to be introduced Monday. Here's what to expect — Global News
Proposed changes to how Canadians' capital gains are taxed are set to be tabled in the House of Commons on Monday. Here's what to know about the bill and the controversy.
And the lies continue!The Liberal government plans to take the first legislative step Monday (today) toward increasing the inclusion rate on capital gains.
Finance Minister Chrystia Freeland flagged the timing Sunday, saying the government is taking action to improve tax “fairness” for Canadians.
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Freeland announced the capital gains tax changes as part of her April budget, but left the new inclusion rate out of the budget legislation.
The government proposes to make two-thirds of capital gains taxable.
The Liberals must table a motion in the House of Commons before they bring forward the actual legislation on capital gains. The government says the change will take effect June 25, even if a bill has yet to pass…which sounds kind of ominous all by itself…
Chrystia Freeland is warning that democracy is at stake if Canada doesn’t raise the capital gains inclusion rate. Justin Trudeau’s deputy prime minister was speaking Sunday of the cold and dark future that awaits Canada if this specific tax change isn’t made, etc…Capital gains proposal to be presented to Parliament on Monday, Freeland says
The government proposes to make two-thirds of capital gains taxable.
LILLEY: Freeland warns of dark future in Canada without capital gains tax hike — Toronto Sun
In a bizarre speech laying out the government plan on capital gains, Deputy PM Chrystia Freeland warned of citizens burning with rage.
Or the distortions of the truth. Finance Minister Chrystia Freeland is pushing back on criticism from doctors who oppose Ottawa’s capital-gains tax increases, saying it will also raise billions in new provincial revenue that could boost health spending? Uhm…ok?
“That’s a lot of additional money for provinces and territories. I would invite Canadians who feel that our doctors should be paid more to suggest that provinces and territories should be using some of that revenue to increase the actual salaries, the rate of compensation of doctors,” Ms. Freeland said…so take the money from doctors….In taxes, & give it back to the doctors in wages & salaries, so the federal government could take it again in taxes…yeah…I could see Freeland encouraging this.
Freeland says provinces should use capital-gains windfall to give doctors a raise — The Globe and Mail
She made the comments after tabling a motion outlining changes to capital gains that were first announced in the government’s April budget
The hippies said "legal weed will pay for our health-care". Hows that coming along?Or the distortions of the truth. Finance Minister Chrystia Freeland is pushing back on criticism from doctors who oppose Ottawa’s capital-gains tax increases, saying it will also raise billions in new provincial revenue that could boost health spending? Uhm…ok?
“That’s a lot of additional money for provinces and territories. I would invite Canadians who feel that our doctors should be paid more to suggest that provinces and territories should be using some of that revenue to increase the actual salaries, the rate of compensation of doctors,” Ms. Freeland said…so take the money from doctors….In taxes, & give it back to the doctors in wages & salaries, so the federal government could take it again in taxes…yeah…I could see Freeland encouraging this.
She also urged all MPs to support the motion when it comes up for a vote as soon as Tuesday.
Freeland says provinces should use capital-gains windfall to give doctors a raise — The Globe and Mail
She made the comments after tabling a motion outlining changes to capital gains that were first announced in the government’s April budget
Almost a decade ago, shortly before Trudeau 2.0 was voted in, something about “Budgets balancing themselves” was a catch-line like “Sunny Ways” and “Openness and Transparency by default” etc…and here we are…nine years later, so far.
How’s the last almost decade of scandals and mismanagement coming along, & is the current government still blaming the previous-previous-previous government and Prime Minister that was last in power in the Spring of 2015 that passed over the reins of governance with a balanced budget?
Truth is, Ottawa needs the extra cash to pay for the promises Freeland made in the budget, which raised spending further even as she repeated her absolute determination to keep outlays under control. She made the promises against all common sense because the Liberals need NDP support to stay in office and care more about that than any extra damage they might do to the economy.
Incumbent governments are getting hammered in elections across the globe. France, Germany, Britain, India, the EU. Trudeau’s troops must be terrified. Frightened governments do crazy things. This time next year we could be looking back on 2024 as the good old days, when borrowing was a mere pittance at 50 billion big ones.
Kelly McParland: Chrystia Freeland talks nonsense — National Post
Remember when she declared we couldn’t afford not to invest because interest rates were low?
Still "unlocking people's savings to kick start the economy" I see.Almost a decade ago, shortly before Trudeau 2.0 was voted in, something about “Budgets balancing themselves” was a catch-line like “Sunny Ways” and “Openness and Transparency by default” etc…and here we are…nine years later, so far.
How’s the last almost decade of scandals and mismanagement coming along, & is the current government still blaming the previous-previous-previous government and Prime Minister that was last in power in the Spring of 2015 that passed over the reins of governance with a balanced budget?
Truth is, Ottawa needs the extra cash to pay for the promises Freeland made in the budget, which raised spending further even as she repeated her absolute determination to keep outlays under control. She made the promises against all common sense because the Liberals need NDP support to stay in office and care more about that than any extra damage they might do to the economy.
Incumbent governments are getting hammered in elections across the globe. France, Germany, Britain, India, the EU. Trudeau’s troops must be terrified. Frightened governments do crazy things. This time next year we could be looking back on 2024 as the good old days, when borrowing was a mere pittance at 50 billion big ones.
Kelly McParland: Chrystia Freeland talks nonsense — National Post
Remember when she declared we couldn’t afford not to invest because interest rates were low?
Stupid is as stupid does.Or the distortions of the truth. Finance Minister Chrystia Freeland is pushing back on criticism from doctors who oppose Ottawa’s capital-gains tax increases, saying it will also raise billions in new provincial revenue that could boost health spending? Uhm…ok?
“That’s a lot of additional money for provinces and territories. I would invite Canadians who feel that our doctors should be paid more to suggest that provinces and territories should be using some of that revenue to increase the actual salaries, the rate of compensation of doctors,” Ms. Freeland said…so take the money from doctors….In taxes, & give it back to the doctors in wages & salaries, so the federal government could take it again in taxes…yeah…I could see Freeland encouraging this.
She also urged all MPs to support the motion when it comes up for a vote as soon as Tuesday.Freeland says provinces should use capital-gains windfall to give doctors a raise — The Globe and Mail
She made the comments after tabling a motion outlining changes to capital gains that were first announced in the government’s April budget
Tasha Kheiriddin: Capital gains changes are nothing more than a middle-class tax hike — and voters know it — National Post
This isn't a 'soak the rich' measure, it's a tax grab to fund the government's profligate spending
OK, that makes it a good thing.
Tasha Kheiriddin: Capital gains changes are nothing more than a middle-class tax hike — and voters know it — National Post
This isn't a 'soak the rich' measure, it's a tax grab to fund the government's profligate spending