A tax that has implications for 0.13% of the wealthiest population and yet the Globe and Mail is up in arms. pressprogress.ca/the-federal-go…
@ProfSmithSask @JeremyAppel1025 Underfunding disabled Canadians is enough to be up in arms about this budget. Period.
@ProfSmithSask Have these taxes prevented homelessness? Drug addiction? Has it shortened wait lists? Building more homes? Where is the government executing effectively other than giving themselves increases?
@ProfSmithSask That’s what you don’t get, it has implications for all Canadians. I know you and your side loves to demonize the successful but when you remove the incentive to take risk & build big biz & projects it means less jobs & opportunity for all Canadians
@ProfSmithSask Cottages, rental properties etc. Majority of these people are not rich.
There’s more to it than just the tax on individuals’ capital gains which has a $250,000 threshold, but thousands of smallbiz owners and middle class professionals with corporations used as retirement vehicles (self-employed have to self-pension) that has no CG threshold. The Trudeau Liberals only want you to think this tax increase will only affect the ultra-wealthy. #cdnpoli Read more here:
There’s more to it than just the tax on individuals’ capital gains which has a $250,000 threshold, but thousands of smallbiz owners and middle class professionals with corporations used as retirement vehicles (self-employed have to self-pension) that has no CG threshold. The Trudeau Liberals only want you to think this tax increase will only affect the ultra-wealthy. #cdnpoli Read more here:
@ProfSmithSask It has implications for everyone who might get an inheritance. You know the trillions that millennial's and GenZ are waiting for from their Boomer parents and grandparents. And all the people who hold investments in large companies to fund their retirement.
@ProfSmithSask @pressprogress Well, yes. If you're annually making 250,000 or more in capital gains alone you are super rich and won't even notice the measly tax.
@ProfSmithSask I like how this is being argued as both affecting basically nobody, but also affecting enough people to make up tens of billions of budget deficit for the year... It kinda has to be one or the other.
@ProfSmithSask Can you list the taxes Canadians have to pay so it is clear? Income tax, property tax, GST, Carbon tax, Capital Gains tax etc. Can you total it up so we know what you are talking about because it seems to be 70%!!