Mulcair targets 'freeloader' corporations

petros

The Central Scrutinizer
Nov 21, 2008
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Answer the question.

Let's say a commercial painter incorporates. He gets a juicy contract of $100,000 for painting a hotel.

He pays himself $1000 a week ($52K) leaving $48K in the corporate name. Will he be paying 1 tax or 2?

What types of capital costs does the Corporation get credits for this one man operation and why?

Waiting...the answer is something a business owner can answer in a second.

Can you?
 

CDNBear

Custom Troll
Sep 24, 2006
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When he said he owned a business, he was talking about his Avon sales.

Tom Mulcair is harkening back to the NDP's social democratic roots, casting his party as the champion of working class Canadians and the bane of what he calls corporate "freeloaders."

We're going to need a real champion if that idiot ever gets a chance to implement his oil sands policies, lolz.

While I appreciate the fact that you need to make this about me...
Maybe you shouldn't inject yourself into the conversation if you don't won't be the focus of the conver... oh wait.

Carry on.
 

petros

The Central Scrutinizer
Nov 21, 2008
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F-ck it. I'll answer myself.

He pays two taxes. Personal on $52K and Corporate on the $48K.

What should he do to reduce the corporate tax? Go by another truck, ladders, sprayer, brushes, rollers, tape and hire somebody creating a job and get two juicy contracts or bigger contracts? What did Canada do to deserve him going out of his way to employ somebody else to be taxed, buy more supplies to keep suppliers and logistics and paint manufacturing going?

Canada likes personal taxes from employed people so the cut him a break on the truck, equipment and employee.

He is basically forced to go bigger or pay almost 50% in total taxes.
 

Cannuck

Time Out
Feb 2, 2006
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Waiting...the answer is something a business owner can answer in a second.

Can you?

You haven't answered mine yet. You clearly think you have to spend money in order to get a credit. Aside from the fact that has nothing to do with my argument, it is also wrong as my volunteer firefighter tax credit obviously proves.
 

Cannuck

Time Out
Feb 2, 2006
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There is no answer to your idiotic question.

You don't have a business and I have no time for liars.

Unwilling it is then. Sorry to drag your farm into it. I know how touchy you guys are about your handouts. I do home renos. Specifically floors and kitchen makeovers and have a few rental properties. I should post some pics of my work someday
 

Cannuck

Time Out
Feb 2, 2006
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Do you disagree that there is close to 100 billion dollars per year in tax credits?

Do you disagree with my contention that that there is little effort to examine the effectiveness of these credits?

Do you disagree with my contention that the government should know what if any benefit there are to taxpayers from these credits?

I do wonder though, how there cant be an answer to a yes or know question about what you agree with or don't agree with. Perhaps you just didn't understand the questions?
 

petros

The Central Scrutinizer
Nov 21, 2008
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Agree to what? That CRA forces companies to grow?

I hope your reno boss enjoys the tax credits for giving you a job. That is if it isn't under the table and f-cking taxpayers over.

BTW what handouts do I get?
 

Cannuck

Time Out
Feb 2, 2006
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Agree to what?

Do you disagree that there is close to 100 billion dollars per year in tax credits?

Do you disagree with my contention that that there is little effort to examine the effectiveness of these credits?

Do you disagree with my contention that the government should know what if any benefit there are to taxpayers from these credits?

It's really not that difficult unless you don't know your own opinions.
 

petros

The Central Scrutinizer
Nov 21, 2008
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Nope.

Yup, big time.

The Feds and Provinces know to the penny.


Now, what handouts do I get as a producer?

List in full.