My government is cancelling the capital gains tax hike. We’re going to incentivize builders, innovators, and entrepreneurs to grow their businesses right here in Canada and create more good-paying jobs.
It’s time to build the strongest economy in the G7.
It’s time to build the strongest economy in the G7.
Comments
https://requital.substack.com/p/will-the-real-mark-carney-please
All we get all day long on the radio here, are old PP attack ads. Zero LPC ads.
Its past time we came out from behind the shadows of other countries- First Britain than the US
PM Carney, you are showing Canadians we are a strong country with a strong future
Many want to leave the USA but don’t have the resources to meet current requirements.
This post is full of bots.
Block Block Block
I still think cancelling it is bad policy, but it was performative more than effective anyway.
Canada USED to have a tonne of rentals, esp apartments, before they got condoized and sold. The question is how do we add more rental stock, while taxing speculation?
https://www.canadianmortgagetrends.com/2022/04/nearly-one-third-of-residential-properties-owned-by-multiple-property-owners/
https://richardcannings.ndp.ca/news/capital-gains-taxes
He's summoning up pure hate against women into the party. 👇👇👇
Poilievre axes the facts. ✅
A man whose only experience is in government and within Canada who embraces the right-wing including MAGA, like Poilievre, is easily outclassed by a centrist global economist with a track record of humanitarianism, like Mark Carney.
"The Amending Regulations and ceasing the CCR will mainly benefit older and/or wealthier Canadians."
The carbon rebate did help those on social assistance, disability and GIS most, but all of the right and many others too despise "the poors."
e.g., Poilievre says that those groups should go get jobs.
Very harsh.
This is the part a lot of ppl here are ignoring. He's conservative economically, but he's cut from an entirely different cloth than Conservatives like Poilievre. Why not stay tuned for his full platform, instead of presuming he only cares about the rich?
Carney said that Poilievre's plan doesn't accept that anyone ever becomes old or disabled.
Words like that makes me feel that Carney will protect them.
Canadian A.I.
https://www.linkedin.com/groups/12055047/
Maybe instead you'll consider increasing the stock buyback tax to something like 25%?
Fine. Carney (T-Can). Asshole. Ugh.
"Won't you pity the poor stockholders and large landowners. And all blessings on the carried interest loophole, long may it reign."
— you, probably
#DoBetter
Do you have a schedule for when the money will be trickling down to the poor? Oh...never?
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
https://www.snopes.com/articles/435482/spot-a-bot/
The wealthy must pay their fair share. Also, we must incentivize small businesses which anchor communities.
There should be some sort of proportional tax and rent system.
It didn’t benefit small business, it taxed them when they sold assets.
Yes, Canada’s economy needs to be fixed. Trudeau didn’t understand economics and didn’t listen to advisors.
If you mean legit small businesses that serve their communities, I’m 100% in favour of easing their tax burdens.
I am hopeful that Carney is going to balance business interests with social programs by creating a strong economy with a reduced dependence on US
Over the next weeks we will find out if his policies will help all Canadians
You may be surprised by what he really believes
Then behind doors pierre asks Trump how he did at making a reality tv moment before signing over Canada
He is so combative like Trump and Vance
This
https://requital.substack.com/p/liberals-flip-flop-on-a-wealth-tax
This tax was not ruining any small businesses or granny selling her home to move into a condo.
#TAXtheRICH!!! #CdnPoli #CanadaStrong #WeAreONE!
As Canadians we’ll find common sense solutions that don’t seek to just blow up economies into smithereens.
Commercial rent is dictated by market conditions & capitalism.
These have nothing to do with CRA.
We have a huge problem with small businesses and services like doctors can’t afford rent in the cities they service.
They are vital to communities and should be protected better.
I would like local and provincial governments buy empty properties and turn them into medical hubs. Meaning let doctors move in and set up shop but give them property tax and rental rates that don’t burden them unfairly so they can focus on serving patients.
We need doctors.
Capital gains aren't taxed like regular income & never have been. Losses can be applied to this & there is also the the lifetime exemption that every 🇨🇦 has available to them.
This isn't something to get worked up about.
You know who usually has to operate with a private corp? Doctors. Therapists. Dentists. And many more professions society needs. We need those!
Fairness, IMHO, is when each is considered at its own level whether municipal, provincial, or federal.
It’s because he’s a finance banker whose entire worldview is premised on growing the wealth of the few at the expense of the many.
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
PS BYD just announced they are releasing their 5min to full charge system
https://requital.substack.com/p/how-does-voter-suppression-happen
But the market is something that can be changed with policy. It’s hypothetically much more profitable if we can refine and ship our own oil.
You vertically integrate refineries, nationalize the industry and downstream products, and you can create an industrial base for business development.
https://www.imf.org/en/News/Articles/2024/06/10/61024-canada-staff-concluding-statement-of-the-2024-article-iv-mission
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
Don’t be too quick to judge.
He won’t give everyone everything they want but he does have some interesting ideas outlined in his book
It’ll be interesting to see what he announces
Tell me again why Harris-Walz lost to Trump. Because progressives stayed home???
#TAXWEALTHNOTWORK
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
WORKING PEOPLE build this country, not venture capitalists.
https://requital.substack.com/p/how-does-voter-suppression-happen
A bit of an aside- some commentators in the States believe it’s a mistake to fight right wing extremism by going more to the right. Some figure that’s why the Dems lost.
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
Do you want more of that?
Also healthcare is a provincial responsibility.
Lastly, I hope you’re not naive enough to think PP would be better. Lmao
Trudeau didn’t focus on what was his jurisdiction & interfered in what wasn’t
We don’t have enough homes, food, schools, Drs etc for the 5 mill who moved here in 3 yrs
Immigration is a good policy - but you have to built for it first so they aren’t living on the street
Plus 1/4 of our gdp is locked into real estate. You seriously think he’s going to do anything to pop this bubble? Especially when he worked for Brookfield?
I trust someone who ensured we didn’t go into recession in 2008 and ensured UK’s financial pound strength stayed steady during Brexit
PMs job is to build a country’s economy - I trust he is the most capable option by FAR
But regardless I guess we'll see!
https://requital.substack.com/p/how-does-voter-suppression-happen
We have zero choices this election - old school conservative or maga conservative - and it’s incredibly damning that we cant even persuade our leaders to care because if you don’t have money your needs don’t matter
Go work for Irvings, McCains or Rogers.
LEAVE SMALL BUSINESSES ALONE
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
Housing is essential. People need a place to live, and canceling the tax gives more incentives for the rich to horde property.
I would love to better understand your reasoning for this policy.
They want as many houses, vacations, clothes, food and personal assistants as they can get.
It ain't gonna trickle down. See USA.
WE. ARE. CANADIAN. 🇨🇦🍁
just make sure that the people you attract to participate in the change are held accountable. 🤠
Unless the entire developed world implements an equal tax than investments will go to the country(s) without the tax.
The result? Losing the House in 2022, and everything in 2024. Carney is playing with fire.
Im not saying a left party is the answer (as u said, 7%). Just a center left party that's actually center left social democrats, and not just the center right in disguise.
Social democracy is how you resist fascism and authoritarian communism.
Technocratic elitism, meanwhile, breeds the discontent that feed those kinds of movements.
Dems here thought they could win just off anti-Trump sentiment w/o an affirmative agenda for the ppl.
Carney is using the same playbook. It won't end well.
https://richardcannings.ndp.ca/news/capital-gains-taxes
https://policyoptions.irpp.org/magazines/december-2024/who-are-the-taxpayers-affected-by-capital-gains-reform/
this is going to do nothing but hurt the poorest.
you know it really is just easier to call you retarded, genuinely.
I was about to call your a fkn Torie. Holy shit. Resign and switch parties.
do universal basic income or resign.
I did personally think the amount of gains taxed should be higher, why are these types of gains tax only a percentage compared with other incomes? It does favour the rich.
https://requital.substack.com/p/liberals-flip-flop-on-a-wealth-tax
I agree, though, that this is no time for screwing around or purity tests
Without more details, it just looks like a tax cut for the wealthy.
I'm jealous of you Canada
I hope Canada also annexes NY and New England.
I think we would thrive under the Canadian flag
These are unusual times. Get some investment into your economy now and figure out how to properly tax them later.
What a disappointment :(
But what’s your plan for helping people who survive paycheque to paycheque or are barely surviving at all ?
If we build a strong economy but leave people behind we wont deserve anything good that comes from it.
Others are angry left wing voters who are upset that Trudeau is no longer leading the Party and pandering to the NDP voter
They are feeling unheard and abandoned
After the election is called, the Liberal Party Platform promises will start to clarify
I’m very impressed with what I’ve seen so far and am looking forward to seeing his platform roll out over the election
I believe the silent majority of Canadians are not the noisy far left or far right.
There are a lot of shifts that need to happen for our defence, sovereignty, economy
It will need to happen fast & be strategic while ensuring Canada’s social security net is safeguarded
Poilievre will not work with Carney
Carney won’t be left enough for Singh
https://338canada.com/federal.htm
He will need to be clear on how his policies will benefit most Canadians
They will need to show how he’s different than Trudeau
He clearly has to show why he’s the best choice
I believe he will do it.
Are some people going to give a goddam inch of their idealism or are you happy to hand this country over to the conservatives?
Is it going to be up to the rest of us to try and save this country while you moan and complain about everything this man does?
Lord.
This threat isn’t supposed or theoretical or inflated. It’s an imminent clear and present danger. We could be fucked no matter what happens in our elections but we need to give ourselves a chance.
But I have a fucking head on my shoulders and know I have nothing if I don’t have Canada.
Get outta here with all your pie in the sky nonsense I’m done
Unless the entire developed world implements an equal tax than investments will go to the country(s) without the tax.
We have two choices, support PM Carney and the Liberals or we end up with poilievre.
And quit with the MAID hyperbole.
FFS!
End of debate.
https://en.m.wikipedia.org/wiki/Trickle-down_economics
“[…] capital gains inclusion have historically had no impact on the pace of investment and innovation by Canadian business.”
- Jim Standford, economist
https://centreforfuturework.ca/wp-content/uploads/2024/08/Capital-Gains-Chartbook.pdf
That would spur more investment, right?
What about 0%?
What about -5% where we pay for investment? That would surely incentive more investment.
It's a race to the bottom.
That’s exactly how the U.S. got to where we are today.
I just know that’s the same crap that we in the U.S. have been hearing from Republicans since 1979. “Invest in big business, cut taxes on corporations and the prosperity will trickle down.”
It doesn’t work that way. It never has.
If this is the solution, then why were we not already awash in investments
I'm prepared to hold Carney's feet to the fire on lots of issues AFTER he's won. Wouldnt have an opportunity to do that w Poilievre
Neoliberal failure and the rise of fascists are but two sides of the same coin. Cant get one w/o the other.
If FDR had governed like Obama or Biden, fascists woulda swept him from power, and US woulda been an axis power.
And the crazy part is they prolly coulda still won despite Gaza if they just renewed the CTC.
Nothing like $$$ to get apathetic voters off the couch.
It's time to understand a political party's job is inspire & mobilize the masses.
I think this is absolutely the right move from Carney. Now is not the time to work on equality. Make business moves now and figure out how to fix inequality later.
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
https://www.americanprogress.org/article/capital-gains-tax-preference-ended-not-expanded/
Ya'll know your personal CG exemption is $1.25m right? And you only pay tax on half the gain???
Also, this decision by Carney also takes a couple of arrows out of PP's quiver in the election. It also differentiates Carney from JT.
Prime Minister Mark Carney 🇨🇦 ❤️
Canada Strong ‼️
Today, the ultra-wealthy pay less—proportionally—than nurses and teachers.
It’s time to restore balance. Fair taxation isn’t radical. It’s responsible.
#cdnpoli #TaxFairness #WealthGap
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
#TaxWealthNotWork
There is a difference between money earned by salary and money earned by risking it to build businesses -- which creates jobs.
How is equity financing working out in the US? They have a wealth canyon. Populism has taken over, and I fear they may not be a democracy for much longer.
It will not grow the middle class.
Instead, we need to ask:
What kind of society are we building, and for whom?
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
Carney has advocated for the feds building housing.
But Poillievre didn't tell you that.
Nice thing is, it's basically a freebie for Carney because the people it does affect weren't voting Liberal regardless.
And making MORE than $250,000 in capital gains (above/beyond what your normal income is) definitely takes you OUT of the middle class for that period.
Don't see anything unfair about that.
Many middle class people are now selling their investments and other assets to fund their retirements
They earned it.
They worked hard.
They saved and went without to ensure they wouldn’t be a burden
They pay taxes
It wasn’t easy for them - it just sounded like it was
You are showing your ignorance of actual Canadians. The only people that use your logic are rich assholes. Who is selling all that? THE PEOPLE THAT CAN AFFORD IT. Doctors et al ARE NOT MIDDLE CLASS. Clown.
https://thehub.ca/2024/06/10/deepdive-the-capital-gains-tax-hike-will-hurt-the-middle-class-too/
Especially given that 1/3 of that income is STILL TAX EXEMPT
https://requital.substack.com/p/liberals-flip-flop-on-a-wealth-tax
I'd like to see this be a tax based on income level where the richest are being taxed more than the poor.
Just pointing it out, still gonna vote for you 'cause the other guy is a fuck-face.
but it's also good practice to speak loudly and quickly your displeasure with this shit. don't let him think people like this, pressure him, and you can always lie about withholding your vote to add extra pressure then vote liberal anyway.
You only pay taxes on net profits.
I strongly disagree with Carney here.
This is nothing but a vote buy.
I'm not a fan of cutting the capital gains tax, but I'll lose that battle for now in exchange for other changes
I'm not a fan of either, but I see the strategy.
https://requital.substack.com/p/rosie-barton-tried-to-grill-mark
https://bsky.app/profile/jdavey.bsky.social/post/3lkvueqovic2s
But it isn’t working
If you want to find out more, find Gary Stevenson (Gary’s Economics) on YT etc as he’s an excellent source of (insider) information right now
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
https://338canada.com/federal.htm
https://richardcannings.ndp.ca/news/capital-gains-taxes
tax the rich. you bastard
It is extremely clear to see where the proliferation of wealth in the hands of the few leads, as well as the impacts of the very industries he wants to invest in have on the planet.
https://bsky.app/profile/policyalternatives.ca/post/3leotdwxq7u2w
https://www.bbc.com/news/articles/ckgwkwxr4eqo
1. Lower taxes on businesses
2. Mercilessly recruit American scientists and innovators who are looking to leave a Christian Taliban dictatorship
3. Radically change our mass migration any warm body in immigration policy.
This is the problem with electing finance bros as your national leader. Grow up Canada.
For the economy to grow, there must be an incentive to invest. That includes our RRSPs, too.
Trickle-down economics is a theory suggesting that tax cuts and other benefits for corporations and the wealthy will stimulate economic growth, which will then "trickle down" and benefit everyone, including those with lower incomes.
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
#TaxWealthNotWork
https://youtu.be/0quhLtBXijM?si=lcBxNnMo1xb88WzK
https://requital.substack.com/p/liberals-flip-flop-on-a-wealth-tax
Positioning the liberal party as "conservative lite" is not a winning strategy.
They will come.