What will the capital gains tax do for Canada’s deficit?
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- Опубліковано 10 чер 2024
- Renaud Brossard from the Montreal Economic Institute speaks about how the capital gains tax increase will work.
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When you're taxed to death, what's the point of trying.
Increasing the inclusion rate for capital gains over $250,000 (Which Brian Mulroney also did in 1987, then increased it to 75% in 1990) is apparently being, "taxed to death". Interesting take, let's see how it worked out in 1987. Oh, what's that? It worked out quite well? Huh. Imagine that.
@@Arkhanno do you think 1987 is similar to 2024, if not then your point of comparison can't be made.
@@Arkhanno you are so braindead
@@Arkhanno"inclusion rate" more like rob you of your hard work and effort rate .
@@freedombro6502 that's what employers already do.
Absolutely nothing .
It will take 12 generations to pay off the debt.
More debt than all previous PMs in Canadian history combined.
And more taxes
I think it's only fair to seize the assets of the Trudeau Foundation.
And more angry citizens
And more rights trampled
And a racist
And. . . .
Get rid of Trudeau 😏
Why?
@@jody-ne7xs Because he has screwed up Canada for the last nine years
definately get rid of him but who to replace him.
@@jody-ne7xs Trudeau has screwed up the economy for 9 years
@@greggsmith4810 Pierre Poilievre for PM
Nothing.. Trudeau will find away to spend it
Spend it? The tool is just giving it away.
It won’t do a thing when all the doctors and wealthy/middle class leave.
They should all leave. Nobody wants them.
We are thinking about it and we are born here.
This will increase the deficit from lower tax revenue as money will exit the country
More taxes.. hmm wonder what that does. 🙄
We need a real government, not drama teachers and real economist, not news reporters as finance ministers.
Hopefully we'll find someone one day
It won't do anything, anyone making enough to qualify for the tax is smart enough to know how to avoid it to begin with.
Same thing as all the Liberal policies and taxes. Nothing but make life harder for Canadians trying to just live their lives.
I wonder which foreign country will benefit the best from our taxes
His buddies in Hamas
We arent done giving money away to ukraine yet!
Ding Ding, found Putin's gopnik
Canada's deficit? There's nothing in the world faster than a politician running away from a campaign promise or balanced budget. Balanced budgets are abhorrent to most of them.
Jagmeet Singh
Watched him on CPAC
Who is kidding ? We can never comet on his interview 95% of the time.
Says volumes !!
Flush it
Liberals NDP let it make skid marks on the way out.
I’m 100% to vote ☑️ Poilievre!!
Its the only sane choice.
Canada has always had to rely so heavily on foreign investment. I wonder why that is.
It'll further destroy Canadians' chance to get ahead. What is he going raise taxes on next?
Rain tax?
Window tax?
Oxygen tax?
*It won't do anything to correct the deficit - because the one who's creating (our devastating) deficit, continues to spend money like there's no tomorrow. Please get rid of the absolute fool in office.
What will the capital gains tax to hard working Canadians? Should be the question.
It will drive all investment out of Canada. Thanks Trudeau.
When we were coming out of Covid. I remember Freeland saying we need to get Canadians to spend and tap into there saving. I guess we didn't spend enough, so they found another way to get our savings
Nothing. If you don't sell or have a deemed sale, there are no capital gains due. No gains translates to no tax collected.
Debt servicing undermines our sovereignty.
Liberals don't belive in a sovereign citizen
FJT
is there any straight men on the news anymore LOOL like why everyone fishy all of a sudden
Pe-rversi-on is our strength...
@@nimaakhtarkhavari8766 well said brother!
you have the intelligence of a seashell
@@palecrayon r u a fish as well
@@albane2885 if you are going to be a biggot at least have the courage to say it with your chest you coward
Not a damned thing for you! The government will just wastefully spending it or give it away to 3rd world countries.
When the news is better than late night TV.
Absolutely nothing. The deficit will keep increasing probably at a faster rate
Nothing, I'll bet Trudeau gives himself another raise.
Drive domestic and foreign investors out of Canada
Should stop overspending the money we don’t have instead and pay back the debt.
We are richer when we don’t have to pay interests and could use that money for what Canadian really needs. 🤔
Liberal government reducing deficit ? Joke of the day.
I liked the interviewee.. you need to have him on more
F! Truedough. Taxes are voluntary, just stop participating permanently or wait until we have a trustworthy Gov't. Stop paying the carbon tax on your essentials like power and gas bills!
We have never had a trustworthy government, so I wouldn't hold your breath
It's easy to see, there is no such thing as "Made in Canada" with the amount of pride of say the states.
How can you go in a single interview to holding up the USA as a comparison to how we should be performing in our productivity and then demonizing the high debt ... how exactly is the USA dealing with this? Oh right they have the single largest debt load of any country and their debt as a percent of GDP is also much higher than ours. So which is it, do we want the USA's higher debt load to facilitate productivity or do we want to lower the debt? This double speak kills me, all complaints but no solutions!
lol freeland took it out of the budget. Wonder why
This is such hand wringing - do you want higher deficits or tax increases? They raised taxes on tobacco (read: vaping products) too. Living in modern society is expensive.
False dichotomy.
How about cutting spending?
@@anonamouse5917 austerity is lame
I dont know but I know what it will do to small businesses and normal citizens.
No
Government spend asf so I need to pay more for Trudeau vacancies
Who gives a s*** about the ultra-rich choosing where to invest that is part of the problem already
Nothing.
Nothing they will speak more
What will the capital gain tax do for Trudeau and friends pockets?
NOTHING
Ending the game by cheating
Anyone who has worked hard to build up capital will no longer invest in CDA. We have a bad doctor shortage and doctors will leave CDA. We are being driven into the ground by a failed journalist and a drama teacher
Please stop talking about this Capital gain tax increase!
90% of Canadians don't care.
Oh we do care. We care very much when Trudeau ruins our businesses. Which tax trough to you feed from?
Tax increases affect everyone in the country directly and indirectly.
You are not economically literate.
More like only 10% care to bring this tax in.
any tax no matter what it is called is a punishment
this will do nothing to the rich, it will just stop and make it harder for the poor to get rich..
It'll drive out investors and slow down production/startups
Nothing will keep tax lawyers at EY, KPMG busy lol or more business ?
Tax are bad.
Hmmkay?
It's about time taxes were increased for the wealthiest!!! The LESS taxes the wealthiest pay, the MORE that tax burden gets dumped on the working classes!!! ps - this capital gains tax increase will NOT affect 95% of Canadians. So, unless you're wealthy, this will NOT affect YOU.
It affects everyone indirectly. The increase in the inclusion rate affects corporations, businesses, home-based businesses, farmers, secondary property owners, physicians, and investors. Prices will go up for everyone.
No, just means productivity and standard of living will continue to stagnate or go lower. You are not economically literate.
Clearly, you do not have an economics or business education.
Ah, yes, all the obedient conformists that live on their knees for the wealth hoarders always defend their money masters. GET OFF YOUR KNEES!!!