Chris DeGroot 🚲 @ct_degroot
Assistant Prof, Mechanical Engineering. Wastewater researcher, urban cyclist/cargo bike dad. Probably on a bike. @[email protected] 519covid.ca London, Ontario Joined February 2015-
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Rich people have been proving my point all evening. They will do anything to convince you that them paying slightly more tax and being slightly less rich is really bad for you. It is truly fascinating to watch.
Rich people have been proving my point all evening. They will do anything to convince you that them paying slightly more tax and being slightly less rich is really bad for you. It is truly fascinating to watch.
It is incredibly dumb to call capital gains “double taxation”. Yes, you are investing after tax dollars but you are using them to *make more money* that you didn’t have before. That is income and it should be taxable.
The tiny proportion of earners who’ll be affected by the increase in the capital gains inclusion don’t care about you. Anyone saying the increase will hurt investment proves my point. These guys won’t pay a few cents more on the dollar to help the 99 percent? They hate you!
Excellent analysis. These tax changes impact almost no one, but those they impact have a large amount of influence and resources. Don’t let them convince you that this isn’t good for you.
Excellent analysis. These tax changes impact almost no one, but those they impact have a large amount of influence and resources. Don’t let them convince you that this isn’t good for you.
Dealing with climate change was weighted as a high priority by 86% of Canadian respondents who were assessed as “most informed” and just 2% of respondents assessed as “most disinformed” who care more about dealing with national debt, inflation and foreign interference
I think I understand it. NDP apparently cares more about popularity than principles. Reconsidering my membership.
I think I understand it. NDP apparently cares more about popularity than principles. Reconsidering my membership.
Just so we’re clear: you think Trudeau is the sun and Poilievre will be the cause of widespread darkness?
Just so we’re clear: you think Trudeau is the sun and Poilievre will be the cause of widespread darkness?
I think you meant to say: “thank you for your many years of service” What a man-child.
This is disturbing. Nearly 70% of one party’s supporters don’t believe a clearly demonstrable scientific fact.
This is disturbing. Nearly 70% of one party’s supporters don’t believe a clearly demonstrable scientific fact.
So the feds are going to work with the provinces to deliver the new school food program… so Loblaws is about to get another big deal from Doug Ford’s government
Ok, I really had trouble telling the difference between April Fools jokes and real news stories this year. A lot of real stuff happening is way more absurd.
Because everyone gets the same rebate no matter how much carbon tax they pay. Use less carbon and, voila, you profit. It’s an efficient market-based approach to reduce emissions.
Because everyone gets the same rebate no matter how much carbon tax they pay. Use less carbon and, voila, you profit. It’s an efficient market-based approach to reduce emissions.
If the goal is to write misleading headlines, the National Post is a stunning success. nationalpost.com/opinion/np-vie…
Folks, the carbon tax is making life unaffordable for Ontarians and that’s why I say people should be required to start commuting back and forth to work so they will spend money at downtown restaurants and stores. - Doug Ford
Folks, the carbon tax is making life unaffordable for Ontarians and that’s why I say people should be required to start commuting back and forth to work so they will spend money at downtown restaurants and stores. - Doug Ford
Although I don’t think this is practical to implement with an actual card, this is essentially how carbon pricing works. You are given an amount of money up front (rebate) and then you pay the tax through the year. If you buy less fuel you end up with a balance. Simple.
Although I don’t think this is practical to implement with an actual card, this is essentially how carbon pricing works. You are given an amount of money up front (rebate) and then you pay the tax through the year. If you buy less fuel you end up with a balance. Simple.
“Pierre Poilievre says one thing. 200 experts refute it. Who to believe?” I’d say the answer is obvious, but the anti-vax movement has shown me otherwise. thestar.com/opinion/star-c…
Is there any topic of conversation more boring than gas prices? Why do people insist on talking about this?
@Sflecce Great. Apparently our Minister of Education doesn’t know how to convert percentages to cents-a-litre. Narrator: It’s 3 cents a litre bAcK tO tHe bAsIcS
Bill Comeau 🇨🇦 @Billius27
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331 Followers 111 Following Stuff by a reclusive sarcastic idiosyncratic artist. Whimsy and joy will surely follow. Busy drawing. And check out @londontlifeI am a physician and I am married to a physician. We will never have to worry about paying off our mortgage, making car payments or affording food. If the changes in capital gains means we pay more tax so that social programs are more economically viable, we’re OK with that
The tantrums of the 1 percent cry bullies who are “going to leave Canada” because of the capital gains inclusion bump are something. No you’re not lol. Shut up. Go have a Snickers.
Councillor @StevensonLDN says: “If you’re on the street addicted, you’re on a pathway to death. So a sandwich and a bottle of water, even a tent, how is that truly helping people?” questioned Ward 4 Coun. Susan Stevenson” Well Councillor: - a sandwich helps people who haven’t…
City councillor says encampment response falls short and comes too late london.ctvnews.ca/city-councillo…
One of the dumbest, most arrogant things I’ve ever read. Poverty cosplay for content creation.
Look at this guy. He’s a millionaire who went homeless as a social experiment. His goal? Prove that anyone can make $1M in 12 months with just a phone. The story of Mike Black and what happened next:
Maybe they should have…wait for it…used an RRSP instead?
Many professionals USED THEIR CORPORATION as an RRSP. Doctors, lawyers, accountants. Their retirement is locked up in capital gains inside their corporation. Tax deferral WAS the entire point of incorporating. Now, on June 25th, theyll get hit with 32% more tax. Savage.
By definition, capital gains is money earned that you didn’t have to work for. Why is it taxed less than money you work for?
@GeorgieM72 @ct_degroot @26aball You don't pay capital gains on your primary residence how do you not know this??
"We can't tax the very richest guys!" - One of the very richest guys
Bill Morneau, Trudeau’s finance minister from 2015-2020, slammed the capital gains tax raise today. “This was very clearly something that while I was there, we resisted. We resisted it for a very specific reason: concerned about the growth of the country.” bloomberg.com/news/articles/…
Bill Morneau? The wealthy businessman?
Bill Morneau, Trudeau’s finance minister from 2015-2020, slammed the capital gains tax raise today. “This was very clearly something that while I was there, we resisted. We resisted it for a very specific reason: concerned about the growth of the country.” bloomberg.com/news/articles/…
You may want to tell them that the capital gains inclusion rate in the US is 100%.
“My partner and I sat down last night to begin the process of moving” Stupid policies have real consequences. After spending years & millions of taxpayer dollars wooing talent to 🇨🇦, @JustinTrudeau is throwing all of that away by crippling our innovation ecosystem. #Budget2024
If you are realizing more than $250K in capital gains in any single year, and you're not selling your primary residence (exempt) or your business ($1.25M at 0%) you are in no way middle class.
Middle-class Canadians could be hit by increases to capital gains tax. Here’s how to prepare theglobeandmail.com/investing/pers…
Dear Bay Street - if you're worried about the inflationary effects of 50B in spending, then I've got some bad news about the ONE TRILLION DOLLARS in capex that's going to be required to build an additional 2 million homes.
@theoargitis: "There were >200 new measures in Canada budget, worth over $50B in new spending at a time when Bank of Canada is working to quell inflationary pressures. Program spending will rise 6.7% this year, almost twice the pace of economic growth." meansandways.ca/news-articles/…
@PaulPau03288450 @ct_degroot @Western_Mark If you live there it's principal residence, this isn't serious
@Northpoleyyy @ct_degroot If I invest ﹩100 and that investment makes me ﹩10 I ONLY pay tax on the ﹩10. Clearer?
@ct_degroot We have tax free savings accounts. A home is like a taxfree savings. If someone is flipping houses every month or year, yes it is their income. Not a home lived in.
@jd_warwick @ct_degroot People like to make money. You can tax gains at full inclusion into income (as it should be, anything less than full inclusion is a gift to the wealthy) and people woth still invest…
@ct_degroot Even after this change, if I made, by working, 250 k as income and pay MORE taxes (plus CPP, EI, etc deductions) than someone selling off an investment property for 250 k in profit. Current taxation system is bizarre.
@ct_degroot They would be lightning fast to try and declare a loss/tax break if that same capital declined in value.
This should be obvious. If you want to protect yourself invite through a TFSA.
It is incredibly dumb to call capital gains “double taxation”. Yes, you are investing after tax dollars but you are using them to *make more money* that you didn’t have before. That is income and it should be taxable.
@ct_degroot @Western_Mark These people are ridiculous. If I make 750k working in a hospital during that decade, I'll pay more taxes than the guy that sat on a property contributing nothing.