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Luxury Tax Proposed in Budget 2021 - New Developments

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Old 04-16-2024, 10:18 AM
  #541  
Inrev
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Increased capital gains taxes, higher tax rates for high earners, probably more luxury taxes, it's gonna be an orgy of taxes today, all aimed at high earners in a populist effort to save his government. Trudeau has been a disaster for Canada.
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Old 04-16-2024, 10:30 AM
  #542  
Jamie140
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Old 04-16-2024, 10:39 AM
  #543  
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Happy Federal Budget Day! I cant wait to watch the budget balance itself yet again! Firing this pant load and his cabal of misfits will be cause for a National day of celebration coast to coast. 🥳


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Old 04-16-2024, 11:00 AM
  #544  
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Originally Posted by Pags993
Happy Federal Budget Day! I cant wait to watch the budget balance itself yet again! Firing this pant load and his cabal of misfits will be cause for a National day of celebration coast to coast. 🥳

There is zero doubt the people who are keeping the Liberals in power are in GTA ..

so start at home fellas...


i just find it tough to comprehend the same voters that got rid of Wynne and Mcguinty, who both should actually be in prison in my opinion for fraud and theft based on the gas plant fiasco alone, are the same people who keep Trudeau in power. I have to believe it is largely immigrants who want more of their country people in the country, but it cant be everyone....

Last edited by theiceman; 04-16-2024 at 11:05 AM.
Old 04-16-2024, 11:35 AM
  #545  
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Originally Posted by Inrev
Trudeau has been a disaster for Canada.
You reap what you sow...if this is the Canada the majority wants then that's what you get.

I'm actually delighted that the younger crowd that voted him in is the group suffering the most.

I say full steam ahead! lol
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Old 04-16-2024, 11:55 AM
  #546  
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Good today to wear this,


Old 04-16-2024, 12:22 PM
  #547  
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Originally Posted by Jamie140
Good today to wear this,
Well, given that the younger generations voted him in and are now the ones suffering the most the word "ironic" should be in there somewhere...it's hilarious.
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Old 04-16-2024, 04:54 PM
  #548  
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This guy has single handedly screwed over Canada for generations to come. And I always find it hilarious how the Feds will tax the working guy to the hilt or the business barely getting by, yet immigrants can wire over boatloads of money, buy $3m+ homes, claim low income, and squeeze every free service without the CRA batting an eye.
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Old 04-16-2024, 06:00 PM
  #549  
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So, how do you encourage capital investment when you tax the hell out of capital gains?...Many more startups will move South. No attempts to slow the massive growth in the public sector.

The election cannot come soon enough..
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Old 04-16-2024, 06:27 PM
  #550  
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It's exciting to watch JT con the "younger" generations by offering no immediate concrete solutions other than guaranteeing a lackluster future.

We'll see if they're smart enough to see through it...

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Old 04-16-2024, 07:01 PM
  #551  
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Originally Posted by .2PDK
It's exciting to watch JT con the "younger" generations by offering no immediate concrete solutions other than guaranteeing a lackluster future.

We'll see if they're smart enough to see through it...
Im hopeful the last batch of worthless Trudope lies they swooned over that have now hit them square in the nuts is enough to make them rethink not wanting to get nailed in the cajones yet again as they get older and lose earnings runway at an even faster rate. The govt is not your saviour.
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Old 04-16-2024, 07:04 PM
  #552  
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Originally Posted by RDMcG
So, how do you encourage capital investment when you tax the hell out of capital gains?...Many more startups will move South. No attempts to slow the massive growth in the public sector.

The election cannot come soon enough..
Is the US any better as far as capital gains? Eg., in the US any capital gains on an asset held for under a year are taxable as income

you're dreaming if you think that conspiracy theorist Polivivre or whatever his name is, is going to be any better.

The fact is, leadership around the world is dismal and incompetent, and was likely always that way
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Old 04-16-2024, 07:19 PM
  #553  
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Hey at least they didn’t increase the luxury tax!!!
Old 04-16-2024, 08:12 PM
  #554  
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Originally Posted by Pags993
Im hopeful the last batch of worthless Trudope lies they swooned over that have now hit them square in the nuts is enough to make them rethink not wanting to get nailed in the cajones yet again as they get older and lose earnings runway at an even faster rate. The govt is not your saviour.
The pain that'll befall the younger generations will be epic and quite necessary... for a lesson without pain is meaningless.

Wait till Canada loses its AAA rating...adjust exposure accordingly.
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Old 04-16-2024, 08:14 PM
  #555  
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Originally Posted by moab
Hey at least they didn’t increase the luxury tax!!!
No kidding, the expected $135 million revenue haul from the current tax alone has has been a game changer...
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