Federal Budget 2024: Canada To Increase Capital Gains Tax, Expand CPP Benefits (and more)
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- Опубліковано 6 чер 2024
- In this video, we'll go through the 2024 Federal Budget, and the changes that all Canadians need to know.
➡️Federal Budget 2024: budget.canada.ca/2024/report-...
➡️Ben Felix's video: • Budget 2024: Capital G...
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0:00 - Intro
0:21 - Capital Gains Inclusion Rate
6:21 - Lifetime Capital Gains Exemption
6:52 - Canadian Entrepreneurs' Incentive
8:47 - Home Buyers' Plan
9:51 - Expanding CPP Benefits
11:30 - RESP Automatic Enrollment
12:58 - Automatic Tax Filing
This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.
We have a government spending problem. Giving them more of our tax money will not fix this. It is like giving an alcoholic more alcohol.
Passing the family cottage has been a stress for decades, the inclusion rate has changed several times over the past 4 decades. We have seen a 75% inclusion rate and in the 1990s a 100% inclusion rate. My dad spent countless hours worrying about the gain on the Cottage, he’s gone my siblings are all gone the cottage has been sold it’s all good.
In 1999/ 2000 I had a neighbour who had a million dollars worth of Nortel stock, he wouldn’t sell it because of the capital gain… held it until it fell to $7… cautionary tale
family cottages are luxury's -- first target of a Government that overspends.
Great points. A good reminder to enjoy your life and assets, and not make too many decisions around taxes. Sure, you can try to reduce tax, hedge your bets, etc, but at the end of the day, taxes shouldn't be the central reason for making decisions or enjoying/not enjoying your life.
Thanks Adam, always a ton of great information.
Too bad this extra tax revenue will go to paying the $46.5B in interest payments this year - very sad situation
Yet the deceitful Liberals frame it as if the extra taxation revenue will help build more homes etc.
Sadly The Spending WILL Continue.
The interest payments will increase.
I expect to see Families pay Capital Gains Tax on principle residences in the near future.
Also Inheritance tax is a Juicy place to go to fund the next shopping Spree.
I think another factor that hasn't been talked about with the capital gains: it will drive companies to take their business somewhere else (ie another country) which will cause long term damage to our economy via employment, investments coming into Canada
Perhaps, but the calculus is that voters would rather take this long-term and abstract costs vs income tax increases today.
We had an inclusion rate of 75% in the 1980s, we had an inclusion rate of 100% in the 1990s and yet the economy has grown significantly. Your argument is seriously flawed.
@waffles1ca also on the 80s and most of the 90s, alot more companies had legit pensions that ppl could rely on for retirement. Now very few companies still have pensions so the average person has to rely on their own investing. If they get penalized more on their investments, it will make retirement more difficult for more ppl
@@neilirvine7129I think people would rather see government spending to slow down. Way to many government employees at the trough
@@justinsawatsky9431 I think if you are withdrawing $250,000 in capital gains in a single year. I think you are doing your retirement wrong... Or you have so much money that the extra 16% on your 54% income tax doesn't really matter.
Also Canada has a low corporation tax rate, so I doubt you'll see corporations leaving Canada for most of the other G7 countries.
Fun fact: as reported by the Liberal-friendly CBC, "... the top 20 per cent of income earning families pay 61.9 per cent (that's nearly two thirds) of all the country's personal income taxes, while accounting for just under half of its total income."
Another fun fact: the combined Fed/Prov tax rate in Ontario for the highest income earners is 53.53%.
So over half of the highest earner's income goes to income taxes. And that doesn’t include municipal, sales, carbon, or other taxes and fees.
But, apparently, it's not enough.
What they don't add is even if they contribute 53% of the taxes, they hold more than 53% of the wealth. The have the ability to use deductions and tax loopholes like incorporation and they do so freely.
@laundrygoddess4 I'd be extremely curious to find corporate tax "loopholes" that are available to individuals.
In almost any workable economic system, there will be those who benefit, and those who don't. Canada has, up until recently, done a pretty good job of wealth distribution through a whole host of programs, provincial and national.
But more and more higher income earners are moving their resources - and sometimes themselves - overseas to escape the burden of over-taxation (and the brutal Canadian winter). In 2018, the CRA reported that over a quarter of a billion dollars is being held in foreign accounts.
I don't imagine that number has gotten smaller.
That's money that could be driving investment, education, job creation, productivity. But governments on all levels, among all parties, have an insatiable need for ever-increasing taxes.
It's completely unsustainable.
The problem is not taxation it’s government spending
@@Guy-kn6jt why can't it be both?
@@laundrygoddess4 can you justify sending money to Ukraine,arrive can ,
We’ve sent nearly a 100 billion to Ukraine
Where I live we spend money on bilingual signs and hardly anyone speaks French,and I stare at homeless poeple ,addicts and veterans,disabled,
You look at the budget and I’ll the budget for all those groups is not 100 billion,when you destroy the middle working class it helps no one !
Great summary !
Thanks.
Congrations if you think you have more than $250K capital gain per year. I think Government's estimation on the number of family/people impacted is in the right ball park. Having $900k gain on a cottage is really a champagne problem.
I fully expect that as more of the baby boomers pass, the exemption for primary residence will be removed, definity capped
The government is insatiable and will continue to increase taxes ….until the country fails.
I agree.
Thank you Adam..your content is always enlightening to break down complex statements into down-to-earth explanations at our level. Just a minor slip on what you said vs what is displayed between video running time 7:19 and 7:29 "The lifetime limit would be phased in increments of $200,00 per year, beginning January 1, 2025, before ultimately reaching a value of $2 million by January 1, 2034". Instead of the "2034" quoted display on screen, you said "2023".
Good catch...and yes, correct.
Thanks Adam, great video. Does this affect farmers and farmland?
I believe the ceiling was raised to 1.5 million from a million.
Yes it does
Am I correct that the tax on capital gains is applied only when you actually realize the gain, for example, when you sell the investment property? So getting an assessment before June won’t establish a base value that is not subject to the extra 16.6%?
This was AWESOME TY xx
Hi there Adam, your videos are fantastic, super informative. I have 2 questions for you here.
Number 1: What is your opinion of buying and collecting silver bullion for investment in the long term?
Number 2: How close is the country to a debt crisis, specifically the federal debt? If Pierre P and the cons get in next year, do they have 5 years to aggressively pay the federal debt down or more?
Love what they are planning for the auto return. I was looking at a client letter this year and cra offered a free call to have them complete their tax return. This call for a free tax return is for absolute basic returns with no special benefits including rrsp contributions. It's a great thing for low income earners.
A good accountant solves a lot of problems.
Translation, The Vow of poverty will in Budget 2024, be henceforth known as promise of poverty.........
In today’s Star (April 29, Smart Money B1) there was an article regarding capital gains and selling a secondary property. If my husband & I share a secondary property and decide to sell it after June 25, does the $250K only apply to one individual or is the $250K shared.
I guess the extra tax due on the portion of a capital gain over $250,000 in one year will not be of much concern for the vast majority of Canadians.
If you have a Large non sheltered Canadian dividend stock portfolio this is not too bad. You don't have to sell All stock shares at once to realize the Capital gain, and just sell enough to be below the $250,000 threshold per year. Not Bad I think.
Don’t forget if you’re the last one standing when you go everything get sold and taxed then LOOKOUT for a major hit of 66% vs 50% 😢
@@davidangevine9303 but you’re the last man standing and you’ll be dead so… my dad spent decades worrying about the capital gains tax on his cottage he’s been dead for 24 years and never lived to pay the tax. It’s a win win
I retired at 56. What happens to my cpp if I die before i receive any of it ?
Raise rates. Stop printing money. Destroy inflation. No need to increase taxes which are already too high.
Retiring in Thailand next year. Married thai wife 2010, i was really ahead of the game lol
To those saying that the new taxe hike doesn’t affect them or even cheer for this. Just know that the government taxes you indirectly, because when you get taxed, you just pass it along to the customer, prices will only go higher.
What happens when you decide to cash out your rrsp then you have to pay that extra capital gains on anything over 250k?
RRSP withdrawal are taxed as income. You don't have to worry about capital gains, 100% of that money will be taxed.
@corradoQC All I know here I work exactly 6 months, 7 days for CRA, and the next 2 months for GST, PST.
Thank you, Adam, for your video. I am going to sell my house by the end of this year and move in to my rental property (make it principal residence). Will I have to pay any capital gains from the house I am going to sell? Thank you.
You don't have to pay capital gains on your principle residence, not now and not after June.
I think what’s sad is the Uber rich shelter their money, hire big tax lawyers and pay little taxes, while those of us who don’t have those resources but have broken our a$$es to get further ahead, will end up being those who pay dem extra taxes!
Asset sellers still gets a huge chunk of money tax free.
Not only higher taxes, but also higher tax creep. As inflation goes up people salaries goes up, but you’re buying Power stays the same. You are just creeping into a higher tax bracket as well.
Tax brackets also move to take increases/inflation into account. Does this work perfectly, probably not, but it does try to alleviate this issue.
Cottages? Business's? Rental properties? No worries there. Sounds more threatening for the rich than the blue collar worker. We work, we save, we retire, we die. That's life!
Lots of blue collar have cottages bro
Contractors, plumbers, electricians…and fisherman…have boats, atvs, cottages!
Blue collar worker, millwright, saved and bought a home in Florida, not “ rich” as Liberals would like you to believe.
@@joebot9309 Then it's whatever is below blue collar. All the friends I know including myself, could never afford a cottage let alone a house. At least I don't live above the means aka no debts. In life you always have to have an escape plan. Even if it's the government that changes the rules. Always expect the unexpected.
No, you're supposed to be irrationally angry about this! C'mon, you need to follow what everyone is is saying!
I presently collect survivor benefit CPP because of deceased spouse many years ago. We were legally separated. Will I now be losing this benefit? (I have remarried)
Ask a tax expert instead of a UA-cam comment section
Who has 60k in an RRSP when rents are so high and using it to buy a first home?
Young people still living with parents or just renting rooms.
It will impact people who bought cottages decades ago, kids inheriting from their parents, people expecting to retire by selling their small businesses … their retirement plans were just ruined..
Before jumping off the roof do the math. I hope my kids aren’t pining their retirement on what they inherit from my wife and I.
@@waffles1ca The way housing and taxes are going up while the country stagnates economically they might be..
"their retirement plans were just ruined." Say what now? they have to pay some more tax, that's it. Nobody is going to be ruined from this.
So does that mean no extra capital gains paid for farmland?
Yes
Thanks
idiotic change, if you have to sell property now - it will cost you extra, have stock investments with significant gains? just split your sales up to avoid $250k limit- Dec this year, Jan next year etc, Otherwise wait until fall 2025 for the next government, expect capital gains rate to return to 50%
I live in Québec and am the sole beneficiary of a million dollar will. I am not a relative of this person. Will I need to give half to the government? Thank you for any advise
No inheritance tax in Canada
i am not affected! livng a simple life with one roof over my head pay cheque to pay cheque
Congrats !
You are affected!
Businesses pay more tax, they raise prices on goods and services you pay for.
Inflation up again. Simple life has 2x since 2020.
Everything will rise assurances(wars),food,gaz,interest.
How much extra tax will the average person pay that has $500 000 in capital gains? People keep complaining about it, but nobody has said how much extra people will pay. Everyone conveniently leaves this information out of their videos….
It's because alarmist videos/articles get more clicks.
Something around 15-20,000 more for a 500,000 capital gain, which is about 3-4% more tax on the gain. If it's a jointly owned asset, it would be no extra tax since it's only 250,000 capital gain each.
Don't try to scare the regular Canadian. Most of us don't have the money for a cottage or investments, so from the 80 or so percent of us that are not affected by this, we are just happy not to be carrying the tax load for once. Sucks to be you but it's about time.
You aren’t understanding this. This is a communist government. If you think you won’t be excluded eventually then you’re sadly mistaken. Capitalism is dead here in Canada because of this government. Remember. Trudeau could not be more unqualified to run a Country, never mind a candy store. Don’t be jealous of those who worked hard to gain what they have.
If Trudeau isn’t removed then Canada will be in a terrible state for the next generation. His legacy will be… how an unqualified idiot can destroy a countries economy.
That is why people are leaving Canada.
So, the population went up by a million people the previous year. Guess your statement should be the opposite?
Why leave Canada? Why not take back our country? Let’s dissolve the service cooperatives called Canada. All problems will be solved.
@user… Where are they going? Are you staying? 😊
@@petert1692 The productive people are and the ones that are paying most of the tax leaving. The ones entering have either been fed a lie or they come are here for government assisted living.
@@corradoQC unless you are an indigenous Canadian, we are all the product of immigrants…
Of course tax is going to increase after government support to banks
I have to believe the change in the capital gains tax was aimed directly at the Chinese with their hundreds or thousands of secondary houses in Canada. Seems just about all of them have at least a dozen rental properties.
That sounds a bit prejudist, I know plenty of people that own more than one house/home/condo and they are not Chinese.
Dang I must be one of those slumming Chinese. I only have 3 properties.
@@EnriqueMartinez-id6mu a bit? How about TOTALLY!
They tell us you own nothing, and you be happy, because the own everything. Wake up
Do not buy into fear
RESP - Does that mean the government is automatically setting up a social insurance number for the child? If memory serves me right, I had to have a SIN for my son before I could start contributing to the RESP.
When a child is born now the government automically sends you a new S.I.N.
It surely will affect alot of people just think about your RRSP when you die instead of a 50% capital gains you now will get hit with a 66% tax rate if it is over 500000 if my thinking math is right! Adam tells us to take out of your RRSP more now to reduce taxes later and we appreciate his valuable information especially now that these ones in power are really looking for more of your money!
Your thinking is not right. RRSP's are taxed as income. Capital Gains rates have no impact whatsoever.
Someone has to pay for all this. Government waste and largesse.
Haven't heard anyone talk about the impact to trusts yet. I'm in a second marriage situation with grown kids from each partner, and we setup our estate with trusts to make sure that all of our kids get their fair share should one of the partners die first, enter into a new relationship etc. So that could impact one of us in the future while the trust is paying out while the 2nd partner is still alive.
Yes, the trust will not receive the first 250k at the 50% rate. You will now pay more tax withing that trust
@@ParallelWealth Yippee government steals more from my pocket if my wife dies
I feel it's a great move, instead of increasing to 66% they should have increased to 75%. Homes are meant to live not to invest and trade. I don't know who started the move, but I am seeing a lot of immigrants who do not have any intentions to settle here but still, they own 3-4 properties and that is choking the market. At the end, its no going to hurt anyone but your gains are reduced. If you bought a property for 700k and selling at 1M, you are still getting your 700K back but will have less gain.
If you are changing your primary house , no tax on that.
That would have no affect unless it was retroactive. Any simpleton can figure out to sell before June 25th this year.
@@nickyfurlano8531 How they can kick out tenants before June 25th, if property is generating cashflow
@@stevie1748if someone is moving out of principal residence and renting to some one, he is not selling the people.
Liberals will put a tax on our principal residence eventually and the inheritance tax is coming people. Don’t believe it then keep voting liberal and you will be living in straw houses if you are fortunate enough to afford shelter. Socialism or capitalism, your choice.
Trudeau will be gone in 2025, then what will happen?
Maybe the next party elected will revert it back to 50%?
canada can start crawling out from becoming cuba of the north
That can’t happen quick enough
@@Avarua59 why would any government reduce an income stream? You gotta be kidding yourself if you think that's gonna happen.
So when I pass away, my portfolio will get a massive increased tax hit being cashed in to spread to my Children?
Depends on how massive your portfolio is and paying 16.7% more marginal tax isn't going to make a huge difference given the increased yearly allowance for capital gains that also rose
If the U.S. stock market ever corrects to fair market value you won't have to worry as all those gains will become losses.
yes, your kids won't have us much money to wipes the tears of sorrow ( or joy ) from their eyes
People are waking up and smelling the coffee that Justin Trudeau is not the answer finally. Still have a little longer to wait to get rid of him and his party though.
should be unfair for every generation.
Every other major source of income (salary, wages, and interest) is taxed on 100% of that earned in the year. Capital gains and dividends are taxed at a lower rate to encourage investment in Canadian corporations to support innovation, increase capacity/jobs and grow the economy. The goal is not to increase ownership of summer cottages or private rental properties. So you have lost a portion of a perk not available to wage earners or risk averse investors on net gains in excess of $250K. Understandable why the Gen X, Millenials and younger set are having a hard time feeling sorry for you. Instead of whining, why not look at it as your contribution to the next generation - because you can afford it and they desperately need the help..
It only pertains to risk taking not to supporting Canadian companies.
@@nickyfurlano8531 With respect, look at the government's messaging at the time the inclusion rate was last changed in 2000. If you can't remember those times, you can Google it and this comes up: "The Chrétien/Martin Liberals reduced the capital gains inclusion rate (i.e. the amount of capital gains subject to tax) from 75 per cent to 50 per cent as part of a larger initiative to improve Canada’s competitiveness and attractiveness to investors". 24 years have passed and priorities have changed. So you will pay 36% tax on your gains over $250K instead of 26% on your second property. The 64% that you will retain is likely more than most Millenials will manage to scrape together in their lifetime. Count your blessings.
@@nickyfurlano8531 With respect, look at the government’s stated rationale when the inclusion rate was reduced in 2000. If you can’t recall that far back, you can Google it and this shows up: “The Chrétien/Martin Liberals reduced the capital gains inclusion rate (i.e. the amount of capital gains subject to tax) from 75 per cent to 50 per cent as part of a larger initiative to improve Canada’s competitiveness and attractiveness to investors.” 24 years have passed and priorities have changed. So you will now pay 36% tax on your capital gains over $250k instead of 26%. The 64% of you will retain is still more than most Canadians will manage to scrape together over their lifetime. Count your blessings.
most people are missing that point .... alot of the profits (over 250K) are on the backs of the upcoming generations! .... give them a break ... you had a great run ... how'bout helping the future generations!? ... your 'good old days' ($$ and climate) debt is coming due!
Some taxes are good. The capital tax increase on +250k is a good one. Count yourself lucky you’re eligible to be in this capital gains tax bracket.
This often occurs in once in a life time event. That money will probably be sent to Ukraine so more people can die.
Some taxes, yes, can be good.
But this increase isn't one of them.
And by "luck" I can only assume you mean, "worked hard, saved well, lived within your means, sacrificed, maintained a good credit rating, and invested smartly to make life for your family and children less difficult."
Is random chance a part of it? Sure. And the harder and smarter I worked, the more chances came my way.
Funny, that.
I absolute despise those that say you’re lucky to have this extra tax burden. I have never inherited a dime, never collected a government cheque, never not had a job, have maximized my RRSP since I was 18 years old. I saved, I sacrificed, I have been disciplined. I have only earned a living strictly on commission in my 35 year career. If I didn’t work hard I got paid very little or nothing. For the past 15 years I have paid over 50% of my income to taxes before buying anything. I’m not lucky and it pisses me off that so many think I deserve to be screwed even more for my hard work and discipline. It’s one thing to change the tax structure for those who invest going forward but it’s criminal to take from those who invested in the past. Screw the Liberals and NDP! I’m retiring and will take great joy moving my investments, selling my business to a US competitor and making a point of going on a tax war with this government.
more tax is not the answer.
What about cleaning up an estate? All the baby boomers are either retiring or passing away. For example, your brother is 57 years old, has an early retirement at 55. Owns a house, has a pension, and has saved $250,000 for retirement in stocks for investments. If you’re lucky and cash out the estate prior to death (so it gets taxed on the deceased persons income), the estate probably will be in the 50% category. But, most of us don’t know when the heart attack or car accident will take us out. In that case, the house get sold, the investments are cashed out… BIG check for CRA at the 67% rate. So what about all those estate dollars for CRA !!! A million dollars IS Nothing in this day and age of 8% inflation or more in some areas like groceries and fuel. To be in the million dollar club when houses were $77,000 meant something. Now a similar house is $800,000 which is a lot closer to a million dollars. For those in the million dollar club at retirement… Congratulations, I can guarantee that you worked hard to get there. Maybe the threshold to tax the rich should be up at 10 million? Thats still a big number.
You could consider reducing your taxes while also investing into your future, by making a political donation to get rid of JT.
Stop complaining. You get what you voted for.
Oh come on Trudeau is a handsome man. Lots of women voted for him because of his looks.
I heard this so many times. It is so unbelievable
@@mationinfo
Grow up.
Women voted Liberal to maintain their rights.
The cons waffled on the abortion question.
@@wyleecoyotee4252 Well said!
More reduction in rental stock meaning higher rents thanks Trudeau
He knows that he is going soon, and let's put citizens in trouble
We had an inclusion rate of 75% in the 1980s, and a 100% inclusion rate in the 1990s … it comes it goes,
exactly... he and cronies are leaving scorched earth behind as they tip toe thru the tulips with bags of money from all the scandals...
@@JJ-gb1vu Won’t Poilievre’s conservative government be able to erase these taxes? Problem solved. Although they will still need to raise capital - they will just introduce a “different” tax. Oh well. 😮
Everybody, stop your whining. The first $250,000 are still tax-free. If you’ve got more than that, it’s a really nice problem to have. The wealth gap in this country causes untold problems and this will go a tiny way to helping. Don’t forget what taxes are used for healthcare, education, defense, highways, etc. etc. - all really good stuff. Canada is a great place to live, and paying taxes is part of the social contract that makes it great. So pony up if you got a bunch of money , you’re gonna get taxed, pay it with a smile. And be glad you’re not living in poverty.
There are a lot of people in this country who can’t afford to own a primary residence let alone a secondary one. I kind of think of it like meals at camp - nobody gets seconds until everybody firsts.
@@brianpicotte6133
My bad, yes you are correct, thanks.
So this is going to fix the wealth gap ? HAHA
You forgot to mention interest payments on the national debt, which exceeds all the money spent on Healthcare.
Taxing richer people won’t make you richer. The government will dilapidate the money and will only give you a penny.
What’s the next low hanging fruit, the primary residence 🤔🤔🤷♂️, it’s funny you mention “ it’s free money” resp and the tax benefit the thing is someone is paying for it nothing is free
Of course it's not free, nothing is. But programs like the RESP grants and bonds are in place and there whether you take advantage or not.
Trudeau isn’t to good at math
Trudeau is good at match. Hell he was a drama teacher
Not good at anything except stealing
*too
Boohoo for cottage owners. This is good policy. It’s for investors hogging up the housing market. On top of that the sentiment for it being it’s end all be all investment when it’s only meant to be a little bump for your retirement.
Cottages don't fill the needs of asylum seekers and illegals from toronto.
boohoo if you think you're going to see that money trickle down to you. You're just another crab in the pot clawing back on the other crabs that are trying to escape.
@@corradoQC lmao I’m talking about giving a chance to families raising their little ones in homes and your here talking about crabs. Get bent
@@peej91 I’m talking about your crab mentality. That money will not be going to struggling families. It will likely go towards keep the war going in Ukraine and the rest of it to pay for the interest on the debt.
@@corradoQC left field bud. We’re talking about 2 separate things here now. I get the government is laundering money through donations. That’s there job as a federal government to spend money on geopolitical matters and gain trade. My point is that governments created an environment for investors to eat up the housing market. Creating a poison in our society and the standards Canada originally was known for.
Best way to lower your taxes, give your land back to the Native Americans
Zero sympathy for the whiners and complainers over the capital gains inclusion rate. They say it’s going to hamper investment, which has lagged in Canada for decades. Seriously? Where have all the investors been at the present inclusion rates? Gentle reminder, trickle down economics does not work. As a policy alternative, let’s hike the eligibility age for OAS (which had been attempted years ago) AND reduce the clawback amounts so ‘average’ and more vulnerable Canadians pay more than the uber rich.
Many people can't qualify for OAS already
Zero sympathy for people with no morals encouraging theft. You guys don't event understand that most of what they claim are gains is a direct result of government monetary inflation. They devalue the currency and claim you made a gain, that's an absolute lie.
Screw you , I just retired after 47 yrs of working at the age of 61 , and you want to move it forward on me , this is built into my plan moving forward until I collect into my RRSP account
So ur saying screw people that work hard …screw people that invest….screw people who make money…. Ur a joke buddy
@@robkellow4338 You completely missed my point. People whine about taxing the wealthy but at the same time the Harper government tried once to reduce OAS benefits and somehow that’s OK. No doubt if elected Poilievre will try again to attack public pensions as the Conservatives want to cut, cut, cut.
We have to pay for those who are too lazy to work. Don’t forget $75,000 for sex change surgery for federal govt workers.
Ok they want to change sex. Let them, they are hurting themselves not your pocket book
You mean like my close relation who has just had both his legs amputated? Or perhaps you mean my neighbour, who has been suffering from Lyme disease as a result of a tick bite some five years ago. Perhaps you mean the other lazy person I know for whom everyday is a struggle due to her advanced Multiple Sclerosis. As for the sex change surgery, I know nothing of this, but I'm sure the whole issue is way more complex than most people think.
Tax and spend to please the unwashed.
What does "unwashed" mean?
It’s a general term used for those who don’t contribute to society, use all government benefits yet have no intention of ever working, volunteering or helping their fellow citizens in any way shape or form.
Socialism- if you have money we want to take it because we keep overspending.
There is no "free money" as you call it. Tax payers are paying those funds from their contributions. Kindly stop playing into the naive belief that Canada gives out "free money". Our level of taxation is ruining the country, but unavoidable considering the level of profligate spending.
I aint paying shit!😂😂😂😂😂
The most expensive Prime Minister in the history of Canada even before the pandemic spending spree needs more money. Fiscal and economic incompetence is expensive. Do not worry about money, it is sensitive and finicky, when annoyed, it just leaves.