93% corporate tax

[macdon02]

http://business.financialpost.com/personal-finance/taxes/a-93-per-cent-tax-rate-private-corporation-tax-could-make-it-possible/wcm/3de2e7ba-dfd3-4b7b-bfcc-b951db552eab

We are dead..... Justin is gonna leave us with 7%. How do you like him now?

[mcfarms]

On July 23rd I posted a good video on this subject.

[macdon02]

Sorry missed that Mcfarms. I've mentioned before the side effect of oil prices. Some here thought I was too negative? So what's everyone's plan? Down size? Sell? Walk away? As producers imo we really need to think about which country we hold our assets in. I'm seriously considering revoking my citizenship, now. **** the free Healthcare. Govt wants everything we own. We are the 1%.

[Oliver88]

A lot of lefties don't comprehend where the financing for their social programs comes from.

If Canada can't develop and sell natural resources......watch your wallet.

[Klause]

Sorry missed that Mcfarms. I've mentioned before the side effect of oil prices. Some here thought I was too negative? So what's everyone's plan? Down size? Sell? Walk away? As producers imo we really need to think about which country we hold our assets in. I'm seriously considering revoking my citizenship, now. **** the free Healthcare. Govt wants everything we own. We are the 1%.

I've said it once I'll say it again. Lack of respect for the family unit for hard work for personal property and personal rights


Rampant property crime.


Indoctrination in the school system


Not having free speech anymore.

Rediculous taxation rates.


Is Canada really the country it was 15 or 20 years ago?

And all we cling to is this myth we're the only country with public health Care....

[macdon02]

There's a lot of romance in being Canadian. Is it really that great when everyone works for the govt? We are about to find out...

[furrowtickler]

I said from day one when JT was elected he was going to hammer us .
Between the carbon tax and this income tax raping he is going to do it.
There is a total lack of respect to hard working independent business like family farms . He is going to try to crush us .

[macdon02]

Does everyone realize this will vaporize the land market if it goes through???? There'll be rush of capital fleeing Canada for friendlier tax rates. Leaving us with a loonie at 30-40 cents. No industry in the world will setup shop in Canada at these tax levels.

[sumdumguy]

It's disasterous. I never was sold on the incorporation aspect with respect to family farms. The double taxation, first in corp, then in your own hands was destined to end badly. In the 70's we had 5-year income averaging. That was a god-send to farmers. Then accountants talked farmers into incorporating their operations. It was a make work program for accountants and farmers became so confused with the mixed books they never knew where they were at.

We now have 3 corps - all offfarm business and we know that we will be nailed by the tax man whenever we want to reap the fruit of our labour. That's the reward. Not impressed!

[farmaholic]

Sumdumguy...Farm incorporation is a form of personal tax deferral for the shareholders. But at least it gives you an opportunity to manage it.

It also gives a tremendous opportunity to grow an already very profitable farm even faster.....but "its all accounted for" and sooner or later......a day of reckoning comes....it's how its managed that matters.

The "REGRESSIVE" tax regime in Canada makes sure you will pay your way, and some other people's too, and not get way too far ahead of your fellow citizen without paying your fair share!

[mcfarms]

No dont apologize just should have moved this up into this thread had just said that if people wanted more info.
But heres those links again

[URL="https://www.videotax.com/web-tips-articles/proposed-changes-to-private-corporation-taxation-in-canada-july-182017"]https://www.videotax.com/web-tips-articles/proposed-changes-to-private-corporation-taxation-in-canada-july-182017[/URL]

[URL="http://https://vimeo.com/226079341"]http://https://vimeo.com/226079341[/URL]

[farming101]

The end of the entrepreneur

[furrowtickler]

They want us all on social welfare - just like the case study in Ontario the Libtards set up .
They want average Joe to have zero ownership in anything

[macdon02]

This is class warfare. If this is liberal, God help us if we go full retard to the left. We only got 7% left once this goes through and it's full blown communism. Next step they take our tax paid assets disguised as a tax. Think about it!!Completely agree furrow

[bgmb]

This is all targeted at the doctors and other professionals who are really wage earners but have been allowed to incorporate and essentially defer income as well as pay their wife and children. Essentially amounts to income splitting for doctors, lawyers, accountants ......