Cheaper to live in London England

[perfecho]

Hamloc...when bank bailouts and auto bailouts occurred, they weren't a budget line...they just went ahead and did it and it was quite some time before the taxpayers knew.
Banks ...the banks decided they needed to be in between the Bank of Canada and government, and had to make their "rightful share."
"In 2011, alone, Canadian taxpayers paid the private banks an estimated $37.7 billion to service the federal debt—over $103 million each and every day of the year! These are tax dollars that, ceteris paribus, could have gone towards infrastructure, health care, education, and other social needs..."
source...
http://qualicuminstitute.ca/federal-debt/
Wall street...the amount of money that has been put through QE and such to keep equities going is insane...and is further from "free enterprise" than socialism...;-)

[foragefarmer]

With regard to paying taxes, those on here complaining about them, are your farms not incorporated?

Here is Manitoba's

Lower rate
The lower rate of Manitoba income tax is 0%.

The income eligible for the lower rate is determined using the Manitoba business limit. The Manitoba business limit is:

$450,000 effective January 1, 2016;
$425,000 effective January 1, 2014;
$400,000 before January 1, 2014.
The business limit is prorated for tax years that straddle these dates.

Higher rate
The higher rate of Manitoba income tax is 12%.

This rate applies to all income not eligible for the lower rate.

If your not incorporated maybe you should consider it, and stop all you constant whining. You all got it so hard!!!

[farmaholic]

Too funny!

Next we'll be told we're "too" profitable!

Literally AND figuratively "too rich"! LOL

[Hamloc]

Perfecho, from 1935 to 1974 the BOC made interest free loans for infrastructure building in Canada. In 1974 the central bank stopped providing interest free loans to government so it could join the bank of international settlements, a kind of central bank for central banks. From then on you are correct that private banks assumed this role. Continuing to increase the deficit as the federal Liberal's are doing and almost all provincial governments just takes money away from social programs to service debt. As for using tax money to bail out large companies didn't support it then or now.

Forage, the reason I started this post was economists point out that raising taxes doesn't always increase revenue, Murray Edwards is a perfect example. Wealthy tax payers will leave jurisdictions where they feel they are overtaxed. You bring up another reason, in the face of onerous taxes businesses will restructure to lower their tax burden. In my own case I have been incorporated for almost 20 years. It is unfortunate in your world my pointing this out is whining. I personally consider the direction of most governments in Canada, federal and provincial, to be wrong and I will continue to point this out. If you consider this whining so be it. Have a nice day:-)

[perfecho]

Hamloc...agree the Liberals are adding, but have you seen who has added most to our deficit? The Cons have added the most...even the Liberals started bringing it down with Chretien and Martin, only to have Harper take it back to earlier levels....they are all contributors to the national debt...not just the Libs...

[perfecho]

And the bail outs really get to me...many cry "free enterprise" and yet governments pick winners and losers all the time...with who they support. Lets call it what it is, but at least be fair about it..the Alberta Oil sector is certainly one of those....

[sawfly]

govt. certainly pick winners and losers

. seed laws , blocking generics with regulations. duties etc.

power given to groups to control supply

unions , professional associations, like DR.s, dentists . pharmacists .
keep the supply low , and drive up the price.

the cost of London
unless you are very rich , (with a huge tax saving) everything there i saw cost almost double , what it costs here.

[Hamloc]

There is no doubt Chrétien and Marten reduced the federal debt but they did it by cutting transfers to the provinces. Look at Ontario, they have added over 150 billion to their deficit since 2003.


As for your dislike of governments picking winners and losers I believe that is exactly what Premier Notley intends to do with the 3 billion a year she will collect from the carbon tax. Time will tell.


One other interesting article I read this morning pointed out that Justin Trudeau promised in the election campaign to spend 10 billion a year on infrastructure. In the newly released budget he will spend 2.7 billion in 2016-2017 and 3.9 billion in 2017-2018. A far cry from what was promised and with triple the deficit. Have a good day:-)