Build more apartmentsThis quote is hidden because you are ignoring this member. Show Quote
Communist living
We are in this together
Build more apartmentsThis quote is hidden because you are ignoring this member. Show Quote
Communist living
We are in this together
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
And fucking gains in trusts fucks any attempt to get your affaires in order efficiently.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Its hard to know the knock on effects of raising the capital gains on housing (and especially renting) in this environment.
Will there be a slow panic of rental property sales before June? Probably. Will this raise rents even further in the short term? Maybe.
I think the lady has it right.
DXY 100
If you have a joint bank account with an older parent it might be time to just have the kid take the entire amount and oddly enough, put the parent in as the beneficiary. If they are going to require filing of bare trusts next year over $50,000 I'd say the government is just lining up the ducks for anyone on said joint accounts for future tax grabs to tax generational wealth.
DXY 100
Tax integration made your point pretty moot, there was no working the system. After June 25 it sure would make more sense for those businesses to pay themselves out and invest in an RRSP instead of their corp. But we shouldn't be taxing either on the first $250k.This quote is hidden because you are ignoring this member. Show Quote
I do agree we need more incentives for real growth, and not just the pitiful SR&ED and CanExport programs we have now.
I can eat more hot wings than you.
Using a corp to invest in something like SPY hasn't worked for decades now.
SPY in my example is a proxy for any passive investment with goal of capital appreciation.This quote is hidden because you are ignoring this member. Show Quote
@CompletelyNumb
Familiarize yourself with the Capital Dividend Account. You'll find this is what is used by high net worth individuals to minimize tax on passive investments and circumnavigates tax integration.
The increase in inclusion rate for all capital gains earned by corps while preserving a 250k threshold for individuals effectively closes this passive investment 'loophole' which is good, but at the same time actual entrepreneurs are now disincentivized from taking entrepreneurial risks which is not good.
Thank you, I understand what you meant.This quote is hidden because you are ignoring this member. Show Quote
I just use my cash money to buy hoes. No tax on that (yet).
This quote is hidden because you are ignoring this member. Show Quote
They're taxed at hoe depot.This quote is hidden because you are ignoring this member. Show Quote
Some of my work gives me first hand insight into how tax policy on the ultra wealth (or really just kinda wealth), just changes their tax management strategy and makes it slightly more expensive.
but what it does NOT do, is increase tax revenue from these people.
"Taxing the rich" simply puts money in the pockets of the leecher class that surrounds the wealthy (accountants, bankers, finance bros). That's it. That's all. The wealthy people win just slightly less. The taxpayer loses. The leechers win big.
The wealthy will always find a way to shelter generational wealth. From building a yacht, filling it with 20 tons of chocolate and sailing it to international waters, to buying a non-profit museum and a $400 million mona.
This budget does seem to want to go after easier targets - the people who own one residence and were planning on renting another for their retirement income.
DXY 100
@Buster you're correct. At some point it becomes more beneficial to spend $100k to people to reduce your tax burden via various loop holes and methods.
I'm not EnRich but I'm Norbert Gambit'ing. Need my Cdn peso outta here.
It's simply a form of economic stimulation. See win win.
https://www.ctvnews.ca/politics/what...dget-1.6859627
Looks like Trudeau can’t even do a good job by buying votes lol
Everyone still hates the budget.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Only 21 per cent said they had a positive opinion, and one-third of respondents said they didn't know or preferred not to answer.This quote is hidden because you are ignoring this member. Show Quote
The problem with Canadian politics in a nutshell.
That they're retarded by majority? Fuck, just wait until today's kids get to voting age. hahaThis quote is hidden because you are ignoring this member. Show Quote
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
50% are retarded. 30% are ignorant.This quote is hidden because you are ignoring this member. Show Quote
Damn, that only leaves like... 30% of us smart ones.This quote is hidden because you are ignoring this member. Show Quote
Tap, Rack, BANG!