Ontario's Once-in-a-Generation Investment for Seniors

[petros]

LMGTFY - Population of Saskatchewan

Saskatoon and Regina are also among the five youngest CMAs in Canada. With 87.9 per cent of the population below the age of 65 Saskatoon is the second youngest city. Regina comes in at number four with 87 per cent of the population below 65.


No 115 year old seniors at the trough.

https://globalnews.ca/news/4022964/...-growing-metropolitan-areas-in-canada-report/


Regina still had the highest international migration rate at 2.1 per cent. This is the Queen City’s second consecutive year topping this stat.

Young citizens, #1 destination for immigrants and fastest growing metropolitans in Canada.

Hip, happening and booming.

Prime Minister Justin Trudeau and his government have promised to stop subsidizing fossil fuels in Canada—that was a clear and specific promise in their election platform. But the federal government’s latest budget actually locked in some fossil fuel subsidies for another 10 years.

Taxes and subsidies are a complicated topic. This website was created to cut through the jargon, so you can understand what’s really happening, debate it, and propose solutions for Canadians and Canada’s economy.i

They never gave subsidies so that was an easy cut.

 

[darkbeaver]

So you can,t get old in Saskachewon.

 

[Cannuck]

You clearly interpreted that as a set of same aged seniors because you're a hobosapien.

Poor Petros. It's one thing to misunderstand but to prattle on once he realizes he misunderstood, well...that's just embarrassing.

 

[taxslave]

Oil subsidies...

Atlantic investment tax credit
The Atlantic Investment Tax Credit is based on specified percentages available for certain investments in new buildings, and new machinery and equipment used in the Atlantic Canada and Atlantic Region.

Eligible investments
As of March 29, 2012, this credit supports investments in qualified property for use in the following sectors:

farming
fishing
logging
manufacturing and processing
storing grain
harvesting peat
prescribed new energy generation and conservation property
the production or processing of electrical energy or steam in certain areas
Currently, this credit also supports some investments in qualified resource property for use in the oil and gas, and mining sector in the Atlantic Region. Starting on March 29, 2012, Atlantic Investment Tax Credits for use in oil and gas, and mining activities will be phased out based on specified percentages over a four-year period. A transitional relief rate will be provided in recognition of the long timelines involved in some oil and gas, and mining projects.

The credit for qualified property acquired for use in other activities will still be available.

Specified percentages
Total investments and expenditures in newly acquired assets are multiplied by a specified percentage to calculate the refundable credits for the current year.

Investments in newly acquired qualified property that will be used mainly in Atlantic Canada and Atlantic Region are calculated using a specified percentage of 10%.

Investments in newly acquired qualified resource property that will be used mainly in Atlantic Canada are calculated using a specified percentage based on when they were acquired.

If the qualified resource property was acquired:

after 2013, and before 2016, the specified percentage is 5%
after 2015, the specified percentage is 0%
after 2013, before 2017 and is eligible for the transitional relief rate, the specified percentage is 10%
Definitions
Qualified property
For the purposes of the Atlantic Investment Tax Credit, this term means a category of new assets acquired primarily for use in the Atlantic Canada and Atlantic Region that are mainly used for farming or fishing, logging, manufacturing and processing, storing grain, or harvesting peat.

Property used mainly in Atlantic Canada and Atlantic Region for oil and gas, and mining activities is considered qualified property only if acquired by the taxpayer before March 29, 2012. Qualified property includes new buildings, and new machinery and new equipment (prescribed in Income Tax Regulation 4600), and if acquired by the taxpayer after March 28, 2012, new energy generation and conservation property (prescribed in Income Tax Regulation 4600). Qualified property can also be used primarily to produce or process electrical energy or steam in a prescribed area (as described in Income Tax Regulation 4610).

Qualified resource property
For the purpose of the Atlantic Investment Tax Credit, this term means a category of new property acquired primarily for use in the Atlantic Canada and Atlantic Region that is used primarily for oil and gas, and mining activities, if acquired by the taxpayer after March 28, 2012, and before January 1, 2016. This category of investments will be phased out of the Atlantic Investment Tax Credit based on specified percentages and a transitional relief rate. Qualified resource property includes new buildings, and new machinery and equipment (prescribed in Income Tax Regulation 4600).

Transitional relief rate
A transitional relief rate of 10% may apply to qualified resource property acquired after 2013 and before 2017, if the property is acquired under a written agreement entered into before March 29, 2012, or the property is acquired as part of a phase of a project where the construction or the engineering and design work for the construction started before March 29, 2012. For more information on qualified resource property, see subsection 127(9) of the Income Tax Act.

Phase
A "phase" of a project means a discrete expansion in the extraction, processing or production capacity of the project of a taxpayer beyond a capacity level that was attained before March 29, 2012. The taxpayer must also demonstrate that the intention to expand the project existed immediately before that date.

Atlantic Canada and Atlantic Region
For the purposes of the Atlantic Investment Tax Credit these expressions include the Gaspé Peninsula and the provinces of Newfoundland and Labrador, Prince Edward Island, Nova Scotia, and New Brunswick, as well as their respective offshore regions (prescribed in Income Tax Regulation 4609).

Gaspé Peninsula
For the purposes of the Atlantic Investment Tax Credit this expression means that portion of the Gaspé region of the province of Quebec that extends to the western border of Kamouraska County and includes the Magdalen Islands (prescribed in subsection 127(9) of the Income Tax Act).

Forms and publications
Form T2038(IND), Investment Tax Credit (Individuals)
Schedule T2SCH31 Investment Tax Credit - Corporations (2017 and later taxation years)
Information Circular IC78-4R3, Investment Tax Credit Rates and its Special Release
Related links
Line 454 - Refund of investment tax credit
General income tax and benefit package
Government partners
Income Tax Act
Income Tax Regulations

Oh hell we been subsidizing everyone eat of Manitoba since the beginning of time anyway.

 

[petros]

So you can,t get old in Saskachewon.

Didnt you see the diaper ads? Old is a state of mind.

How do the provinces rank relative to international peers?

The provinces, and Canada overall, perform very well relative to international peers, showing some of the highest levels of life satisfaction among all peer jurisdictions. Four provinces outperform international peers on life satisfaction. Saskatchewan (8.2), Newfoundland and Labrador (8.16), P.E.I. (8.16), and New Brunswick (8.06) all receive “A+” grades for ranking above the top-ranked peer countries, Switzerland (8.05) and Finland (8.05).

What contributes to higher life satisfaction?
Analysis conducted by the OECD reveals similar life satisfaction scores for men and women across countries, a correlation between higher levels of education and higher life satisfaction, and lower life satisfaction among those 50 years and older.8 Further, OECD data show that more than half of countries with high GDP per capita report high life satisfaction, while no countries with low GDP per capita report high life satisfaction.9

Findings from the World Happiness Report 2015 explain that six key variables account for three-quarters of the differences in countries’ life satisfaction scores:

GDP per capita
healthy years of life expectancy
perceived social network support
perceived absence of corruption in government and business
perceived freedom to make life decisions (e.g., career choices, relationship choices, educational choices)
generosity (as measured by recent donations)10
The first three of these factors account for the greatest share of variation in countries’ life satisfaction scores: differences in healthy years of life expectancy, GDP per capita, and perceived social network support.

Oh hell we been subsidizing everyone eat of Manitoba since the beginning of time anyway.

Tax credit.

 

[taxslave]

So you can,t get old in Saskachewon.

Who would want to? They get the is white shit falling out of the sky most of the year.

 

[petros]

And 330 days of sunshine.

 

[Cannuck]

115 years, 330 days of sunshine all told

 

[petros]

And it suck to be you.

 

[darkbeaver]

Oh hell we been subsidizing everyone eat of Manitoba since the beginning of time anyway.

Not only do you not know what your talking about you can,t even spell it. We will cut your cod off and yer herring and lobster, stuff yer fukkin wheat

We can get porridge from China Or/and Russia, I hope to drive over our western colonys this summer.

 

[Cannuck]

And it suck to be you.

More shots?

 

[darkbeaver]

You forget who gave you leave to form rough associations called the western territories which were later streatched out of a hat and granted a seal you,your just Crown Land, read your drivers license peasent,

Combine drivers thrive where educated people starve, in the lawless treeless west blights the continent, that environmental mistake should be remeadiated, cover it in red pine

 

[mentalfloss]

Poor Petros. It's one thing to misunderstand but to prattle on once he realizes he misunderstood, well...that's just embarrassing.

It's legitimately sad to see.

The guy needs to get out of the woods and buy a house.

 

[Cannuck]

There's only wheat and gophers where Pete lives, no woods.

 

[petros]

There's only wheat and gophers where Pete lives, no woods.

Bullshit f-ck face.

 

[Cannuck]

Still upset I see. You starting to sober up yet?

 

[darkbeaver]

Bullshit f-ck face.

tHE EDUCATION SYSTEM OUT HERE HAS LIED TO US?

I was taught that the whole central provinces was wheat and oats with a few scatered combine drivers and the odd rock band as far as the eye could see, most towns didn,t have electricity.
isolated settlements really

some were literate, just barely,rural people you know the type, they always smell like hay

 

[petros]

tHE EDUCATION SYSTEM OUT HERE HAS LIED TO US?

I was taught that the whole central provinces was wheat and oats with a few scatered combine drivers and the odd rock band as far as the eye could see, most towns didn,t have electricity.
isolated settlements really

some were literate, just barely,rural people you know the type, they always smell like hay

Aspen bushland in pink, boreal to the north and Prairie is in the lower western half.

Still upset I see. You starting to sober up yet?

Clearly you mistaken and are embarrassed.

*hug*

It's legitimately sad to see.

The guy needs to get out of the woods and buy a house.

Another? Maybe I'll cheap out and buy a townhouse like yours and park a 07 Civic out front and pretend I'm poor. Nah I can afford a detached single occupancy.

 

[Cannuck]

Clearly you mistaken and are embarrassed.

Because making you look stupid embarrasses me? Sure thing Scooter!

tHE EDUCATION SYSTEM OUT HERE HAS LIED TO US?

I was taught that the whole central provinces was wheat and oats with a few scatered combine drivers and the odd rock band as far as the eye could see, most towns didn,t have electricity.
isolated settlements really

some were literate, just barely,rural people you know the type, they always smell like hay

Regina got indoor plumbing in 67 as a centennial project.

 

[petros]

RIIIIIIIGHT. You're a f-cking genius, all the world's geniuses are employed by Provincially funded recycling programs for SpEds.


Waste is a terrible thing to mind.