Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan.
I’m fine with a lower inclusion rate if we cap it at a fixed dollar threshold.
If you make $1M in a year from capital gains, just tax it 100% as income.
The real problem with this is executives getting paid primarily in stocks and paying a lower average tax rate than the middle class because 50% (currently 33%) is excluded.
Also, Freeland being the #2 in Trudeau’s government, and all her policies being to undo the things they did looks bad to me. I can’t shake that either she was ineffective or they were just bad ideas.
If you make $1M in a year from capital gains, just tax it 100% as income.
Capital gains don’t accrue until you actually sell your shares. If you try to tax people like this then they’ll just never sell the shares. Instead, they’ll use their shares as collateral for loans and lines of credit if they need cash.
Extremely high taxes lead to very low tax revenues since people do everything possible to avoid paying them. Conversely, lowering a tax rate can and does increase tax revenue as people start paying the tax instead of trying to get around it (often because the cost of getting around the tax makes it no longer worth it).
I’m fine with a lower inclusion rate if we cap it at a fixed dollar threshold.
If you make $1M in a year from capital gains, just tax it 100% as income.
The real problem with this is executives getting paid primarily in stocks and paying a lower average tax rate than the middle class because 50% (currently 33%) is excluded.
Also, Freeland being the #2 in Trudeau’s government, and all her policies being to undo the things they did looks bad to me. I can’t shake that either she was ineffective or they were just bad ideas.
Capital gains don’t accrue until you actually sell your shares. If you try to tax people like this then they’ll just never sell the shares. Instead, they’ll use their shares as collateral for loans and lines of credit if they need cash.
Extremely high taxes lead to very low tax revenues since people do everything possible to avoid paying them. Conversely, lowering a tax rate can and does increase tax revenue as people start paying the tax instead of trying to get around it (often because the cost of getting around the tax makes it no longer worth it).
We tax the theoretical assessed value of houses, why not stocks?
There’s nobody good to vote for.
Singh it is, then.
While I do not want to vote for Singh, the leader, I would vote for the NDP candidate in my riding if the polls don’t show them far behind.
For better or worse, in Canada we don’t vote for PM, it goes to the leader of the party.
Both the other parties are clearly in the pocket of corporations. The NDP held the Liberal’s feet to the fire and got us dental care.
That alone is reason enough to vote for them in my opinion.
No disagreement.