Actually, it's the other way around but hey, you believe what you want. Conservatives believe in both! WOW bet you didn't realize that did yuh?
Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!
- Thread starter Ron in Regina
- Start date
Yes, lecture me on American politics. A topic you know so much better than I do.
How many Presidential election have you voted in?
The Housing Agency is more of a Bubble's Garden Shed Housing Project Initiative.
"Here's your downgraded Canadian dream, peasants."
I'm not "lecturing" you on anything. But believe what you want. See, that's the difference between a Progressive & a Conservative. We allow & encourage discussions of various POV's; Progressives despise discussions because they have nothing to offer. It is what it is & Conservatives must learn to fight against the vile nature of the Progressives.
I will. Until Donny Dipshit outlaws it.
I know. I'm conservative. The progressives never get it right because even their best ideas never get enough traction to produce more than half measures.
Take racial discrimination in education, employment, and housing, for example. The "progressives" passed a law under which a victim of such discrimination could sue, no doubt paying for his lawyer with the salary he's not getting.
The proper solution is to make racial discrimination (just one example, extend to other forms of discrimination) a crime, and bring the resources of the state into punishing it. See, as it is now, an employer or landlord has to calculate the likelihood he'll be sued by a poor person. I'm sure that just scares the boots off him. Now, imagine if he had to contemplate the FBI coming after him for criminal discrimination.
Hmmm…perhaps you all need some human rights tribunals because they’re just so…awesome. You can already borrow the template from Canada. Yes I’m being facetious.
In these human rights tribunal in Canada, the onus isn’t upon the state to prove that somebody is guilty, but upon the accused to prove that they’re not guilty at their own cost, at zero cost to the accuser, and potentially significant financial reward to the accusers. Good times, and it makes being actually guilty potentially irrelevant.
Carney said during the Liberal leadership race that the Canadian economy was in trouble long before Trump became president — specifically criticizing the Trudeau government for allowing immigration to get out of control and for increasing the operating spending of the federal government by 9% annually.
Carney has promised to decrease the hike in the operating expenditures of the federal government — meaning the cost of such things as paying the public service — to less than 2% annually, and to balance that budget within three years.
But to achieve this, he’s changing the way the government reports on its annual deficits and debt in the Liberal budget to be delivered on Nov. 4?
apple.news
Going forward, the federal government will distinguish its operating expenses from capital spending on things such as “nation building” projects, which Carney describes as investments that create assets rather than operating costs.
But whatever he calls it, it’s going to be financed by bigger annual deficits and higher public debt that all has to be paid back, eventually, with interest.
apple.news
Acting Parliamentary Budget Officer Jason Jacques has described the anticipated future spending and debt levels of the Carney government in its upcoming budget as “shocking,” “alarming,” “stupefying” and “unsustainable.”
He warned the federal budget on Nov. 4 is expected to abandon previous fiscal anchors the Liberals set for themselves, including that annual deficits would be no higher than 1% of Canada’s GDP and that the debt-to-GDP ratio would decrease over time, etc…
Carney has promised to decrease the hike in the operating expenditures of the federal government — meaning the cost of such things as paying the public service — to less than 2% annually, and to balance that budget within three years.
But to achieve this, he’s changing the way the government reports on its annual deficits and debt in the Liberal budget to be delivered on Nov. 4?
Jesse Kline: Liberals use accounting magic to mask their fiscal ineptitude — National Post
With a sleight of hand, Finance Minister François-Philippe Champagne intends to wave away all the bad news
But whatever he calls it, it’s going to be financed by bigger annual deficits and higher public debt that all has to be paid back, eventually, with interest.
EDITORIAL: Our economic crisis began before Trump — Toronto Sun
Taxpayers can only hope budget won’t make current financial mess even worse.
He warned the federal budget on Nov. 4 is expected to abandon previous fiscal anchors the Liberals set for themselves, including that annual deficits would be no higher than 1% of Canada’s GDP and that the debt-to-GDP ratio would decrease over time, etc…
"We're two weeks from the budget. I think that what I'm seeing in Parliament worries me," MacKinnon told reporters in Ottawa, accusing the Conservatives and Bloc Québécois of not taking the matter "seriously" (???) while Canadians are looking for "certainty."
His comments come just two weeks ahead of Prime Minister Mark Carney's highly anticipated first budget. In a major test of confidence, the minority Liberal government must find another party to support the budget in the House of Commons to prevent thrusting the country into another election campaign.
"We have a minority government, but we believe we have a mandate, and when I see opposition parties ... ruling out the possibility of voting for the budget, that's starting to worry me, but I think it's them that are misreading the mood of Canadians," MacKinnon said. "If an election is necessary, we would obviously reluctantly, because we don't think Canadians want an election, but election there will be. It's the opposition parties who have that decision in their hands."
apple.news
His comments come as opposition leaders have been noncommittal about supporting the budget, which is typical in a minority Parliament when a budget has yet to be tabled. Conservative Leader Pierre Poilievre has said he would meet Carney to discuss the budget but would only say he wants the prime minister to "reverse his costly budget plans" without specific demands.
The Bloc, meanwhile, has issued 18 demands, six of which they've called "non-negotiable," that include tens of billions in new spending in increases to provincial health transfers and seniors' benefits, among other things the separatist party has admitted would be "difficult" to obtain amid the Carney government's plan to drastically reduce spending and have some cuts in the budget.
Interim NDP leader Don Davies, meanwhile, has not made any demands for Carney, but has said his party would not vote for an "austerity" budget and called for “substantial investment” in jobs, health care and housing.
Elizabeth May…is she still around? Co-pilot-tink the Green Party?
His comments come just two weeks ahead of Prime Minister Mark Carney's highly anticipated first budget. In a major test of confidence, the minority Liberal government must find another party to support the budget in the House of Commons to prevent thrusting the country into another election campaign.
"We have a minority government, but we believe we have a mandate, and when I see opposition parties ... ruling out the possibility of voting for the budget, that's starting to worry me, but I think it's them that are misreading the mood of Canadians," MacKinnon said. "If an election is necessary, we would obviously reluctantly, because we don't think Canadians want an election, but election there will be. It's the opposition parties who have that decision in their hands."
Carney government 'worried' its budget won't pass, triggering a federal election — Toronto Star
The minority Liberal government must find another party to support their budget, or Canadians will be going back to the polls.
The Bloc, meanwhile, has issued 18 demands, six of which they've called "non-negotiable," that include tens of billions in new spending in increases to provincial health transfers and seniors' benefits, among other things the separatist party has admitted would be "difficult" to obtain amid the Carney government's plan to drastically reduce spending and have some cuts in the budget.
Interim NDP leader Don Davies, meanwhile, has not made any demands for Carney, but has said his party would not vote for an "austerity" budget and called for “substantial investment” in jobs, health care and housing.
Elizabeth May…is she still around? Co-pilot-tink the Green Party?
Yay!!! Elbowlections up!"We're two weeks from the budget. I think that what I'm seeing in Parliament worries me," MacKinnon told reporters in Ottawa, accusing the Conservatives and Bloc Québécois of not taking the matter "seriously" (???) while Canadians are looking for "certainty."
His comments come just two weeks ahead of Prime Minister Mark Carney's highly anticipated first budget. In a major test of confidence, the minority Liberal government must find another party to support the budget in the House of Commons to prevent thrusting the country into another election campaign.
View attachment 31689
"We have a minority government, but we believe we have a mandate, and when I see opposition parties ... ruling out the possibility of voting for the budget, that's starting to worry me, but I think it's them that are misreading the mood of Canadians," MacKinnon said. "If an election is necessary, we would obviously reluctantly, because we don't think Canadians want an election, but election there will be. It's the opposition parties who have that decision in their hands."
His comments come as opposition leaders have been noncommittal about supporting the budget, which is typical in a minority Parliament when a budget has yet to be tabled. Conservative Leader Pierre Poilievre has said he would meet Carney to discuss the budget but would only say he wants the prime minister to "reverse his costly budget plans" without specific demands.Carney government 'worried' its budget won't pass, triggering a federal election — Toronto Star
The minority Liberal government must find another party to support their budget, or Canadians will be going back to the polls.
The Bloc, meanwhile, has issued 18 demands, six of which they've called "non-negotiable," that include tens of billions in new spending in increases to provincial health transfers and seniors' benefits, among other things the separatist party has admitted would be "difficult" to obtain amid the Carney government's plan to drastically reduce spending and have some cuts in the budget.
Interim NDP leader Don Davies, meanwhile, has not made any demands for Carney, but has said his party would not vote for an "austerity" budget and called for “substantial investment” in jobs, health care and housing.
Elizabeth May…is she still around? Co-pilot-tink the Green Party?
Ah hell, they can just demand more money from Alberta in equalization payments. No problem!!"We're two weeks from the budget. I think that what I'm seeing in Parliament worries me," MacKinnon told reporters in Ottawa, accusing the Conservatives and Bloc Québécois of not taking the matter "seriously" (???) while Canadians are looking for "certainty."
His comments come just two weeks ahead of Prime Minister Mark Carney's highly anticipated first budget. In a major test of confidence, the minority Liberal government must find another party to support the budget in the House of Commons to prevent thrusting the country into another election campaign.
View attachment 31689
"We have a minority government, but we believe we have a mandate, and when I see opposition parties ... ruling out the possibility of voting for the budget, that's starting to worry me, but I think it's them that are misreading the mood of Canadians," MacKinnon said. "If an election is necessary, we would obviously reluctantly, because we don't think Canadians want an election, but election there will be. It's the opposition parties who have that decision in their hands."
His comments come as opposition leaders have been noncommittal about supporting the budget, which is typical in a minority Parliament when a budget has yet to be tabled. Conservative Leader Pierre Poilievre has said he would meet Carney to discuss the budget but would only say he wants the prime minister to "reverse his costly budget plans" without specific demands.Carney government 'worried' its budget won't pass, triggering a federal election — Toronto Star
The minority Liberal government must find another party to support their budget, or Canadians will be going back to the polls.
The Bloc, meanwhile, has issued 18 demands, six of which they've called "non-negotiable," that include tens of billions in new spending in increases to provincial health transfers and seniors' benefits, among other things the separatist party has admitted would be "difficult" to obtain amid the Carney government's plan to drastically reduce spending and have some cuts in the budget.
Interim NDP leader Don Davies, meanwhile, has not made any demands for Carney, but has said his party would not vote for an "austerity" budget and called for “substantial investment” in jobs, health care and housing.
Elizabeth May…is she still around? Co-pilot-tink the Green Party?
You should see what the Bloc’s dude is saying.
Economists expect the budget will feature much larger deficits than the Liberals projected during the April election campaign. Mr. Carney’s speech hinted that significant deficits are in fact coming.
“Our government has the fiscal capacity to act decisively (after a decade of Trudeau?) and we must draw on these strengths now,” he said, adding that the “core” of the government’s budget strategy will be to “catalyze unprecedented investments” over the next five years.
Mr. Carney said the budget will introduce a “climate competitiveness strategy,” which he said would “focus on results over objectives.” He did not provide further detail…which somehow sounds so familiar?
He also said the budget would include a new immigration plan that would match immigration levels “with our needs and our capacity to welcome them.” (???)
The budget will also announce support for apprenticeships, skills training and a new talent strategy “for the next generation of scientists and innovators to build their careers in Canada.”
He also said the budget will support a Buy Canadian policy, particularly for Canadian steel, aluminum, lumber, manufactured goods, and technology for Canadian projects.
At times, the speech made references to sacrifice and “difficult” decisions, without providing a clear sense of what would be cut as the government tries to find internal savings?
“We will have to do less of some of the things we want to do, so we can do more of what we must do to build a bigger, better Canada,” he said, adding that essential social programs will be protected.
OK, so this minority budget is going to pass with NDP backing then? Liberals at 169 plus NDP at 7 for 176 seats…& that’s a wrap….in a sort of non-coalition coalition that’s definitely not a coalition-type coalition?
turbanator
forums.canadiancontent.net
Non-Coalition Coalition that’s Definitely NOT a Coalition…
It dawned on me that this thread just didn’t exist. It is mentioned a lot (usually by me) across many many (many) other threads….but there’s no thread in and of itself regarding the Non-Coalition Coalition that has ruled our country pretty much since Justin & Jagmeet came out of the closet due...
forums.canadiancontent.net
The meetings took place a day after Government House Leader Steven MacKinnon raised the possibility that the opposition parties could trigger a federal election by making impossible budget demands.
Mr. Poilievre released an open letter Monday that said the budget should keep the deficit under $42-billion, in reference to the government’s deficit projection that was announced in the December, 2024, fiscal update. He also said it should reduce taxes on income, capital gains, the industrial carbon tax and “homebuilding taxes” and should eliminate various taxes related to packaging, fertilizer and farm equipment that he calls “hidden taxes on food.”
Mr. MacKinnon dismissed the Conservative demands as “ludicrous” and said Wednesday that Mr. Poilievre’s references to taxes on food are imaginary?
Canada to double non-U.S. exports over next decade, Carney says — The Globe and Mail
Prime Minister says Nov. 4 budget will respond to the pressures facing the Canadian economy in light of U.S. trade war
- Recent data:
In May 2025, Canada's exports to the U.S. accounted for 68.3% of total exports, one of the lowest proportions on record, according to Statistique Canada.
- Average:
The average for 2024 was higher, at around 75.9% of total exports.
- Consistency:
Despite recent fluctuations, the United States remains Canada's leading export destination by a significant margin.
- Trade integration:
The trade relationship is highly integrated, with more than half of Canada's exports to the U.S. being components for American products, according to the Richmond Chamber of Commerce.
Canada to double non-U.S. exports over next decade, Carney says — The Globe and Mail
Prime Minister says Nov. 4 budget will respond to the pressures facing the Canadian economy in light of U.S. trade war
- Recent data:
Does MacKinnon not understand how agriculture works? Apparently not. Taxing farmers (hell, any business for that matter) affects the cost of goods, including food. Ya, we don't pay a "tax" at the cash register but that's because it's already included but he's too dumb to understand the economics of things. What a fool!You should see what the Bloc’s dude is saying.
Economists expect the budget will feature much larger deficits than the Liberals projected during the April election campaign. Mr. Carney’s speech hinted that significant deficits are in fact coming.
“Our government has the fiscal capacity to act decisively (after a decade of Trudeau?) and we must draw on these strengths now,” he said, adding that the “core” of the government’s budget strategy will be to “catalyze unprecedented investments” over the next five years.
Mr. Carney said the budget will introduce a “climate competitiveness strategy,” which he said would “focus on results over objectives.” He did not provide further detail…which somehow sounds so familiar?
He also said the budget would include a new immigration plan that would match immigration levels “with our needs and our capacity to welcome them.” (???)
The budget will also announce support for apprenticeships, skills training and a new talent strategy “for the next generation of scientists and innovators to build their careers in Canada.”
He also said the budget will support a Buy Canadian policy, particularly for Canadian steel, aluminum, lumber, manufactured goods, and technology for Canadian projects.
At times, the speech made references to sacrifice and “difficult” decisions, without providing a clear sense of what would be cut as the government tries to find internal savings?
“We will have to do less of some of the things we want to do, so we can do more of what we must do to build a bigger, better Canada,” he said, adding that essential social programs will be protected.
OK, so this minority budget is going to pass with NDP backing then? Liberals at 169 plus NDP at 7 for 176 seats…& that’s a wrap….in a sort of non-coalition coalition that’s definitely not a coalition-type coalition?
turbanator
Earlier in the day, Mr. Carney held separate meetings with Conservative Leader Pierre Poilievre and Bloc Québécois Leader Yves-François Blanchet about their budget priorities.Non-Coalition Coalition that’s Definitely NOT a Coalition…
It dawned on me that this thread just didn’t exist. It is mentioned a lot (usually by me) across many many (many) other threads….but there’s no thread in and of itself regarding the Non-Coalition Coalition that has ruled our country pretty much since Justin & Jagmeet came out of the closet due...
The meetings took place a day after Government House Leader Steven MacKinnon raised the possibility that the opposition parties could trigger a federal election by making impossible budget demands.
Mr. Poilievre released an open letter Monday that said the budget should keep the deficit under $42-billion, in reference to the government’s deficit projection that was announced in the December, 2024, fiscal update. He also said it should reduce taxes on income, capital gains, the industrial carbon tax and “homebuilding taxes” and should eliminate various taxes related to packaging, fertilizer and farm equipment that he calls “hidden taxes on food.”
Mr. MacKinnon dismissed the Conservative demands as “ludicrous” and said Wednesday that Mr. Poilievre’s references to taxes on food are imaginary?
Canada to double non-U.S. exports over next decade, Carney says — The Globe and Mail
Prime Minister says Nov. 4 budget will respond to the pressures facing the Canadian economy in light of U.S. trade war
Is that what she said? Eliminate all taxes? Or is she pointing out the hypocrisy in that minister stating that there isn’t a tax on food and grocery items because it’s not shown on the end user till receipt?
Good morning.
Mornin'. Way to go, Jays. No, what Dix asked is if MacKinnon understands how agriculture works. I presume the answer would be "Generally, but not in the fine details."
But when people piss and moan about taxes, direct or indirect, they're sucking wind. Taxes must be paid for government to work. I'm all for debating whether this-or-that tax is a good idea, but frankly, I'm a bit tired of people generally pissing and moaning about taxes.
Don't want taxes? Vote for whoever promises to lower whatever taxes you don't like. Good luck with that.
Aw Ron, Tec makes assumptions that are not in evidence. I'm used to him making these comments that really go nowhere.
Locally we have a couple of (known) Libertarians. They're all for not paying taxes.
So I asked one about health care and their reply was basically "Health care is a scam, if people eat right and exercise they won't need it".
I laughed.
Then I asked about Fire Departments... and if we don't fund them, then how does one fight fires? Never did get an answer on that.
Capital Cost Allowance (CCA) is a deduction for the depreciable property costs used in Canadian agriculture, which includes assets like buildings, machinery, and equipment. The Canada Revenue Agency (CRA) allows you to deduct a portion of the cost each year, as you cannot deduct the full cost in the year of purchase. You must group assets into classes, as each class has a specific CCA rate. To claim CCA, you need to calculate it using the correct forms, such as Form T2125, and use resources like the CRA's Guide T4002, which provides specific details for farmers and fishers.
Key aspects of CCA for agriculture
What is CCA: A tax deduction to gradually write off the cost of depreciable assets like buildings, machinery, and equipment over several years.
What is eligible: Depreciable property acquired for your farming activities, including assets that may wear out or become obsolete over time. Examples include vehicles, machinery, and some buildings.
What is not eligible: You cannot deduct the full cost in the year you purchase an asset. Instead, you claim CCA over a period of several years.
How to calculate:
Group your assets into CCA classes based on the type of property.
A specific CCA rate applies to each class.
Claim the deduction for your fiscal year.
Use the declining balance method to calculate the deduction.
Important considerations:
Property availability: You can only claim CCA for assets that are available for use. If an asset isn't in working order, you cannot claim CCA in that year.
Accelerated Investment Incentive Property (AIIP): Property acquired after November 20, 2018, and available for use before 2028 may be eligible for an enhanced first-year allowance.
Eligible Capital Property (ECP): As of January 1, 2017, certain ECPs, like goodwill and milk/egg quotas, are now included in the new Class 14.1.
Recapture of CCA: If you sell a depreciable asset, you may have to include a recapture of CCA in your income.
Where to find more information:
Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income: Provides specific guidance for farmers.
Form T2125, Statement of Business or Professional Activities: Use this form to calculate and claim your CCA deduction.
CRA website: The CRA has detailed information on CCA and its rules.
A tractor for example is a Class 10 CCA with a 30% deprecation credit on the full value including GST/PST
Example. A $100K piece of equipment has a depreciation credit of 30% on $111,000 (SK rate) after tax value. That gives me $33,000 tax credit against gross farm income. If my CCAs give me enough to zero my tax bill, I can carry them over to the next year.
Now If I pay myself from my farm income I get nailed at the same personal rates you do.