What will the capital gains tax do for Canada’s deficit?

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  • Опубліковано 30 жов 2024

КОМЕНТАРІ • 120

  • @stevestensby3669
    @stevestensby3669 6 місяців тому +77

    When you're taxed to death, what's the point of trying.

    • @Arkhanno
      @Arkhanno 6 місяців тому +3

      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.

    • @thecanadakid7622
      @thecanadakid7622 6 місяців тому +8

      @@Arkhanno do you think 1987 is similar to 2024, if not then your point of comparison can't be made.

    • @Dodgersworld
      @Dodgersworld 6 місяців тому

      ​@@Arkhanno you are so braindead

    • @freedombro6502
      @freedombro6502 6 місяців тому

      ​@@Arkhanno"inclusion rate" more like rob you of your hard work and effort rate .

    • @criose
      @criose 6 місяців тому

      ​@@freedombro6502 that's what employers already do.

  • @drbluechipx
    @drbluechipx 6 місяців тому +67

    More debt than all previous PMs in Canadian history combined.

    • @AlbertErb-zv8hl
      @AlbertErb-zv8hl 6 місяців тому +2

      And more taxes

    • @grandmufftwerkin9037
      @grandmufftwerkin9037 5 місяців тому

      I think it's only fair to seize the assets of the Trudeau Foundation.

    • @phourtwenteephorlife
      @phourtwenteephorlife 5 місяців тому

      And more angry citizens
      And more rights trampled
      And a racist
      And. . . .

  • @wumble7829
    @wumble7829 6 місяців тому +25

    This will increase the deficit from lower tax revenue as money will exit the country

  • @BlueTeamRedTeam
    @BlueTeamRedTeam 6 місяців тому +64

    It won’t do a thing when all the doctors and wealthy/middle class leave.

    • @xMaenadx
      @xMaenadx 6 місяців тому

      They should all leave. Nobody wants them.

    • @freedombro6502
      @freedombro6502 6 місяців тому +2

      We are thinking about it and we are born here.

  • @ludmilamanweiler5986
    @ludmilamanweiler5986 6 місяців тому +57

    Get rid of Trudeau 😏

    • @jody-ne7xs
      @jody-ne7xs 6 місяців тому

      Why?

    • @theowoytowich9959
      @theowoytowich9959 6 місяців тому

      @@jody-ne7xs Because he has screwed up Canada for the last nine years

    • @greggsmith4810
      @greggsmith4810 6 місяців тому

      definately get rid of him but who to replace him.

    • @theowoytowich9959
      @theowoytowich9959 6 місяців тому

      @@jody-ne7xs Trudeau has screwed up the economy for 9 years

    • @theowoytowich9959
      @theowoytowich9959 6 місяців тому +2

      @@greggsmith4810 Pierre Poilievre for PM

  • @peterkennedy9341
    @peterkennedy9341 6 місяців тому +42

    Nothing.. Trudeau will find away to spend it

    • @johnbill6994
      @johnbill6994 6 місяців тому +2

      Spend it? The tool is just giving it away.

  • @Bardic_Entropy-pu3rv
    @Bardic_Entropy-pu3rv 6 місяців тому +8

    Same thing as all the Liberal policies and taxes. Nothing but make life harder for Canadians trying to just live their lives.

  • @hc174
    @hc174 6 місяців тому +30

    More taxes.. hmm wonder what that does. 🙄

  • @thimblemunch24
    @thimblemunch24 6 місяців тому +15

    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.

  • @edmturk1971
    @edmturk1971 6 місяців тому +9

    We need a real government, not drama teachers and real economist, not news reporters as finance ministers.

    • @hbjshowslopper
      @hbjshowslopper 5 місяців тому

      Hopefully we'll find someone one day

  • @tomcotter8138
    @tomcotter8138 6 місяців тому +20

    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!!

  • @Blueskies1180
    @Blueskies1180 6 місяців тому +4

    What will the capital gains tax to hard working Canadians? Should be the question.
    It will drive all investment out of Canada. Thanks Trudeau.

  • @richardleblanc3100
    @richardleblanc3100 6 місяців тому +7

    I wonder which foreign country will benefit the best from our taxes

    • @Bruvva_Wu
      @Bruvva_Wu 6 місяців тому +1

      His buddies in Hamas

  • @toddpeters677
    @toddpeters677 6 місяців тому +9

    It'll further destroy Canadians' chance to get ahead. What is he going raise taxes on next?

  • @smartenuptv7530
    @smartenuptv7530 6 місяців тому +13

    We arent done giving money away to ukraine yet!

    • @TheGruntski
      @TheGruntski 6 місяців тому

      Ding Ding, found Putin's gopnik

  • @niemi5858
    @niemi5858 6 місяців тому +10

    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.

  • @susanstewart1402
    @susanstewart1402 6 місяців тому +4

    Canada has always had to rely so heavily on foreign investment. I wonder why that is.

  • @commonsense2108
    @commonsense2108 6 місяців тому +3

    *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.

  • @janesmith1398
    @janesmith1398 6 місяців тому +4

    Nothing. If you don't sell or have a deemed sale, there are no capital gains due. No gains translates to no tax collected.

  • @jacobsmith6660
    @jacobsmith6660 6 місяців тому +2

    Drive domestic and foreign investors out of Canada

  • @michael2275
    @michael2275 6 місяців тому +6

    FJT

  • @johnbyrom6568
    @johnbyrom6568 6 місяців тому +4

    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

  • @ChamberlainHere
    @ChamberlainHere 6 місяців тому +5

    Debt servicing undermines our sovereignty.

    • @freedombro6502
      @freedombro6502 6 місяців тому

      Liberals don't belive in a sovereign citizen

  • @edmondshum4116
    @edmondshum4116 6 місяців тому +3

    Liberal government reducing deficit ? Joke of the day.

  • @cdnrednek1027
    @cdnrednek1027 6 місяців тому +2

    Nothing, I'll bet Trudeau gives himself another raise.

  • @TheTolepainter1
    @TheTolepainter1 6 місяців тому +2

    Not a damned thing for you! The government will just wastefully spending it or give it away to 3rd world countries.

  • @StephaneBrissette-p1n
    @StephaneBrissette-p1n 6 місяців тому +1

    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. 🤔

  • @johnbill6994
    @johnbill6994 6 місяців тому +1

    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!

    • @hbjshowslopper
      @hbjshowslopper 5 місяців тому

      We have never had a trustworthy government, so I wouldn't hold your breath

  • @DustinG007
    @DustinG007 6 місяців тому

    When the news is better than late night TV.

  • @bertgummer8125
    @bertgummer8125 6 місяців тому +3

    Absolutely nothing. The deficit will keep increasing probably at a faster rate

  • @victor-ling
    @victor-ling 6 місяців тому +1

    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!

  • @albane2885
    @albane2885 6 місяців тому +9

    is there any straight men on the news anymore LOOL like why everyone fishy all of a sudden

    • @nimaakhtarkhavari8766
      @nimaakhtarkhavari8766 6 місяців тому +2

      Pe-rversi-on is our strength...

    • @albane2885
      @albane2885 6 місяців тому +1

      @@nimaakhtarkhavari8766 well said brother!

    • @palecrayon
      @palecrayon 6 місяців тому +1

      you have the intelligence of a seashell

    • @albane2885
      @albane2885 6 місяців тому +2

      @@palecrayon r u a fish as well

    • @palecrayon
      @palecrayon 6 місяців тому

      @@albane2885 if you are going to be a biggot at least have the courage to say it with your chest you coward

  • @Rennette-td2mq
    @Rennette-td2mq 6 місяців тому +1

    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

  • @Natelmun
    @Natelmun 6 місяців тому +2

    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.

    • @anonamouse5917
      @anonamouse5917 6 місяців тому +4

      False dichotomy.
      How about cutting spending?

    • @Natelmun
      @Natelmun 5 місяців тому

      @@anonamouse5917 austerity is lame

  • @AlbertErb-zv8hl
    @AlbertErb-zv8hl 6 місяців тому +4

    I dont know but I know what it will do to small businesses and normal citizens.

  • @jumbome7420
    @jumbome7420 6 місяців тому +1

    lol freeland took it out of the budget. Wonder why

  • @canadianrepublican1185
    @canadianrepublican1185 6 місяців тому +6

    I liked the interviewee.. you need to have him on more

  • @omgness14
    @omgness14 6 місяців тому +1

    It's easy to see, there is no such thing as "Made in Canada" with the amount of pride of say the states.

  • @duuhwinning6589
    @duuhwinning6589 6 місяців тому

    Who gives a s*** about the ultra-rich choosing where to invest that is part of the problem already

  • @xbman1
    @xbman1 5 місяців тому

    What will the capital gain tax do for Trudeau and friends pockets?

  • @adilechavush6284
    @adilechavush6284 6 місяців тому +3

    Please stop talking about this Capital gain tax increase!
    90% of Canadians don't care.

    • @TheGruntski
      @TheGruntski 6 місяців тому +6

      Oh we do care. We care very much when Trudeau ruins our businesses. Which tax trough to you feed from?

    • @janesmith1398
      @janesmith1398 6 місяців тому +3

      Tax increases affect everyone in the country directly and indirectly.

    • @michael2275
      @michael2275 6 місяців тому +5

      You are not economically literate.

    • @freedombro6502
      @freedombro6502 6 місяців тому

      More like only 10% care to bring this tax in.

  • @DanKac182
    @DanKac182 6 місяців тому

    Government spend asf so I need to pay more for Trudeau vacancies

  • @johntunstall4835
    @johntunstall4835 6 місяців тому

    Ending the game by cheating

  • @KevinSmith-wj1hp
    @KevinSmith-wj1hp 6 місяців тому

    No

  • @foxfinder4863
    @foxfinder4863 6 місяців тому +1

    any tax no matter what it is called is a punishment

  • @sparklessconnectionselectrical
    @sparklessconnectionselectrical 6 місяців тому

    Nothing they will speak more

  • @bloodaxe3578
    @bloodaxe3578 6 місяців тому

    Nothing.

  • @Gianthog
    @Gianthog 5 місяців тому

    NOTHING

  • @hazeysmoke
    @hazeysmoke 6 місяців тому +1

    this will do nothing to the rich, it will just stop and make it harder for the poor to get rich..

  • @user-lettersandshit
    @user-lettersandshit 6 місяців тому +1

    It'll drive out investors and slow down production/startups

  • @jay1645
    @jay1645 6 місяців тому +1

    Nothing will keep tax lawyers at EY, KPMG busy lol or more business ?

  • @shaykespeeer7040
    @shaykespeeer7040 6 місяців тому

    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.

    • @janesmith1398
      @janesmith1398 6 місяців тому +8

      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.

    • @michael2275
      @michael2275 6 місяців тому +7

      No, just means productivity and standard of living will continue to stagnate or go lower. You are not economically literate.

    • @susanstewart1402
      @susanstewart1402 6 місяців тому +9

      Clearly, you do not have an economics or business education.

    • @shaykespeeer7040
      @shaykespeeer7040 6 місяців тому

      Ah, yes, all the obedient conformists that live on their knees for the wealth hoarders always defend their money masters. GET OFF YOUR KNEES!!!