Trudeau has to go?

[littledan]

I like how the headline is "taxing highest earners"

Way to create more division federal government. no, you aren't just stealing from the highest earners. You are stealing from everyone. And saying that the highest earners "don't pay their fair share" is such a ridiculars statement its laughable.

[bjstare]

I wonder what the google search statistics look like today for variants of "how does a Canadian immigrate to the USA?"

[suntan]

Can I claim refugee status if Trudeau kills the O&G industry?

[ExtraSlow]

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I like how the headline is "taxing highest earners"

Way to create more division federal government. no, you aren't just stealing from the highest earners. You are stealing from everyone. And saying that the highest earners "don't pay their fair share" is such a ridiculars statement its laughable.

"asking the highest earners to pay their fair share"

[ThePenIsMightier]

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Two Quebec provinces actually makes a lot of sense.

More than say, breaking the nwt into two.

"wE WaNt NoNe Of iT!!!"

[rage2]

The cherry on top is after milking the “wealthy” for their fair share, the budget still isn’t anywhere close to being balanced lol.

[msommers]

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I wonder what the google search statistics look like today for variants of "how does a Canadian immigrate to the USA?"

No the search uptick is "What are capital gains?"

[03ozwhip]

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I wonder what the google search statistics look like today for variants of "how does a Canadian immigrate to the USA?"

That's been in my favorites tab for 4 years lol

[ThePenIsMightier]

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The cherry on top is after milking the “wealthy” for their fair share, the budget still isn’t anywhere close to being balanced lol.

But it's that much closer to "balancing itself", Comrade.

[pheoxs]

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The cherry on top is after milking the “wealthy” for their fair share, the budget still isn’t anywhere close to being balanced lol.

Yeah that’s the fucked up part. I can get over the capital gains portion. Capital gains exclusion used to be 75% then was dropped to 50%. Now it’s still 50% up to 250k per year then 66% after so tbh that’s not really that significant for individuals. Plus the lifetime exemption went up.

But it’s entirely a piss off that we’re still posting a 40B deficit with no care in the world about balancing spending. Just burning cash left and right on handouts to everything. Even CBC got a 40mill raise on top of their 1.2 billion budget. 50 billion in new spending over the next 5 years is just insane.

[bjstare]

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Yeah that’s the fucked up part. I can get over the capital gains portion. Capital gains exclusion used to be 75% then was dropped to 50%. Now it’s still 50% up to 250k per year then 66% after so tbh that’s not really that significant for individuals. Plus the lifetime exemption went up.

So how exactly is that not significant for individuals?

[max_boost]

You got friends hitting 250k cap gains easy? lol

[ExtraSlow]

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You got friends hitting 250k cap gains easy? lol

No sweat ballah.

[mr2mike]

[pheoxs]

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So how exactly is that not significant for individuals?

Because there’s no changes to employment income or dividend tax rates? This is specifically for capital gains and only when claiming more than a 250k gain each year.

[bjstare]

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Because there’s no changes to employment income or dividend tax rates? This is specifically for capital gains and only when claiming more than a 250k gain each year.

I understood it before you mansplained it to me, but thanks. None of that answered my question.

For someone who has to book a >250k cap gain in a given year, this does make a difference. Unless you think the amount is inconsequential, in which case maybe you'd be willing to cover the tax hit for those affected.

[killramos]

They make these changes out to only affect unicorn rich people. That is far from the truth. This is going to affect a ton of people and have knock on effects for years.

Want to sell a vacation property?

Need to liquidate a business to afford your retirement?

Entrepreneur? Fuck you let’s punish your success.

Setup a trust to help your kids after the death of a parent? Greedy bastards we need more from you.

These rules spit in the face of millions of the kind of people we need in this cesspool of a country, to buy the votes of the people who are the problem.

[ThePenIsMightier]

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....

These rules spit in the face of millions of the kind of people we need in this cesspool of a country, to buy the votes of the people who are the problem.

Ding!
/Thread

[suntan]

Welp, I was going to start a new business in the next couple of months.

I'm now thinking that getting an E5 visa in the USA and starting the business there is a much more viable option.

[bjstare]

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They make these changes out to only affect unicorn rich people. That is far from the truth. This is going to affect a ton of people and have knock on effects for years.

Want to sell a vacation property?

Need to liquidate a business to afford your retirement?

Entrepreneur? Fuck you let’s punish your success.

Setup a trust to help your kids after the death of a parent? Greedy bastards we need more from you.

These rules spit in the face of millions of the kind of people we need in this cesspool of a country, to buy the votes of the people who are the problem.

Great examples. And when you consider that all those examples might apply to the same person, it becomes even more obvious that this is a consequential change. You could even use the phrase “significant for an individual” to describe the level of impact.