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In Topic: The Canada Politics Thread
06 April 2025 - 02:23 PM
About the capital gains proposal that PP put forward that he wants to implement it in mid june. I have enough PTSD from Justin Trudeau and all of his terrible tax plans. This is terrible policy.
Like never mind that both tories and liberals got the math wrong on the tax breaks they are offering, I get it, they are politicians/economists and probably never filed their own tax returns. But proposing tax changes part way through a calendar year is a recipe for disaster.
I also had the misfortune of watching that series of interviews RDI did this week with all the candidates. If I had to take a shot every time PP answered a question by blaming JT I would not have made it into work the next day.
It's honestly pathetic. He's an attack dog that's managed to climb beyond his abilities and it's on full display in this election. -
In Topic: The Canada Politics Thread
31 March 2025 - 11:50 PM
QuickTidal, on 30 March 2025 - 04:49 PM, said:LinearPhilosopher, on 28 March 2025 - 11:02 PM, said:
The reason the price for new builds are jacked was the cost of materials and labor went through the roof (looking at financials for construction companies is not fun let me tell ya).
Materials and labor didn’t go through the roof for no reason…they went through the roof because everyone took covid as an excuse to gouge (claiming supply chain issues)and never stopped gouging. All down the line. And the builders are in on it.
I could give a sweet fuck about anything else. The bottom line is none of this stuff should still be overpriced, and yet here we are.
Yes the builders are in on it as well, including the hundreds of construction bankruptcies we've seen in the last few months. I guess no one clued them into the joke.
In other news
https://www.cbc.ca/n...lding-1.7497947
This is some ambitious policy that might actually make a decent impact on the supply shortage.
Also interesting they are reviving an old tax policy from the 80s.
https://publications...14-1981-eng.pdf -
In Topic: The Canada Politics Thread
28 March 2025 - 11:02 PM
@QT.
There is no sales tax on pre existing homes. Unless an existing home was substantially renovated (don't ask) or it was a "commercial property" (ie primarily an Airbnb) there is no gST/HST on it.
The reason the price for new builds are jacked was the cost of materials and labor went through the roof (looking at financials for construction companies is not fun let me tell ya).
Those costs are only going to go up.
Re chrétien: he had a thick accent but it's less of a hang up on the English side then the French side.
I don't personally care all that much but it is surprising. -
In Topic: The Canada Politics Thread
28 March 2025 - 12:56 PM
QuickTidal, on 25 March 2025 - 02:50 PM, said:Speaking of Pollievre's slogans and lies.
His whole 15% Income Tax Cut is hiding the context.
So the Cons under PP have pledged to cut income tax 15%, and the Liberals under Carney have pledged 1%.
Now that SOUNDS like a massive difference...but the context is key and Pollievre knows it.
So if the tax rate is 15%, Carney is dropping it to 14%, a one percent drop in the marginal rate, Pollievre is offering a 15% cut ON the 15% tax rate, which makes it 12.75%, so in reality Carney is offering 1% and Pollievre is offering 2.25%. In a normal world he would have just said 2.25%, but he doesn't live in that world, he lives in the one where he expects we are all dumb.
Now that still may show the Cons telling you they will cut more of your income tax than the Liberals even if it's only a 1.25% difference, but bear in mind that over the year that savings is $825 back from the Liberals, and Pollievre says $2k over the year. And also bear in mind that the Conservatives need to find this money somewhere and they will ABSOLUTELY cut social service funding to make that happen as they have time and time again in our past....while it sounds like the Liberals under Carney are going to do what bankers do and cut the chaff and bloat at the govt level (Trudeaus govt is famously larger than normal), which is why it's lower than what the Cons are offering.
But yeah, the fact that PP is like 15% Tax Cut! As if it will be a full 15% of your income tax back to you every year is a full blown lie of omission.
-----------------
Oh and sidebar new info: Sean Fraser was asked personally by Carney to come back to the party, and he has agreed. That's great news and shows us that Fraser leaving didn't have to do with the party, but the leadership.
If theres one thing I hate about elections its promises of terrible tax policy.
blanket tax cuts are dumb. At least scrapping the GST on new homes is a solid policy to impact the affordability of new builds (which have been struggling).
But slashing the lowest bracket? The people who need the help the most barely pay any income tax as it is.
I'm also honestly surprised Mark Carney has been getting as much of a pass as he has been in Quebec given how terrible his french is (not that pollievre's is THAT much better... I basically have to ffwd any CPAC recordings I watch). -
In Topic: The Canada Politics Thread
19 March 2025 - 09:34 PM
https://dailyhive.co...rbon-tax-rebate
I don't know if this is true, but if it is it is absolutely falling.
If you're an individual who had *any* capital gains you cannot currently file your tax return. Add to that many self employed individuals can't get their returns filed till May this is ridiculous.
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Tsundoku
01 Apr 2025 - 09:49Tsundoku
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31 Mar 2020 - 21:04worry
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