Billions in subsidies to big business

[ajl]

Well Bombardier is at #4. Supply managed farmers obviously aren't - as they don't get subsidized for the last time If anybody in the milk business is getting a subsidy i'd be looking for Parmalat or Nestle on the list.
A few interesting ones on this top 50 list. #8 Calfrac Well Services, #26 Parrish & Heimbecker Limited plus lots of other mining and energy industry companies.

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Supply manged farmers are subsidized because government sets the price for their product at above free market rates most of the time. I know lefties really can't understand this concept. Then there is the direct subsidy paid for industrial milk. I don't know if that one is still around but it was in the 70's and 80's. Whenever you receive income that is a result of government policy instead of free market trading, you are being subsidized. Most income in Canuckistan is off this variety as we have a managed economy rather than free market one. Borrower have received a huge subsidy as interest rates have not been set in a free market for many years.

[Klause]

The start of this post was about business subsidies. It is clear that businesses in Alberta and Saskatchewan which are resource rich, are receiving subsidies per capita equal to or greater than Quebec. Funny how this is not part of the discussion and the only thing many people can think about is how a federal equalization program pays more to Quebec.

Business subsidies (and I'm against them) are designed or supposed to increase the efficiency of the economy... Create jobs... And in the end increase the tax base and GDP of the country.


Now take those subsidies and compare them to GDP of each province and see who is most efficient with the.

If you want compare them to increase in GDP over the period those subsidies where handed out.


Now where we're the subsidies most effective and where did they do the least amount of good, Chuck?

[macdon02]

Oh the Robin Hood mentality, if I take your money and give it to this group instead I'll get re-elected...... there's nothing noble about a politician, they should all be burnt at the stake. Kill all the lawyers they never live under the laws they pass being they are the elite. Wife's grandfather had a dirty little secret come out after he died, card stating "Communist Party of Canada membership" from idk what year, they do exist. The orange blood flows deep in that household. Govt is NEVER the answer to anything.

[furrowtickler]

Klause , got to think like a liberal or Québécois, hide all your wealth. Have off shore holdings to remove your self from Canadian taxs like an elite liberal or pretend your poor and basically run your business like bombardier or the hells angles that run Quebec.
Ever notice where most of the illegal call centres are from ??? Yup Quebec .
It's a province full of corruption.
There is far more underground wealth there than the total wealth in Alberta .
Just that in Alberta they had to flash it around . Central Canada don't like that so they are going after that .
Westernvickie has brought this up several times .... chucky pretends he don't see it .
Quebec shows a major false economy to suck money from the west , fact .

[chuckChuck]

I guess on the bright side the subsidies were invested well in Alberta Chuck2, as you always point out very high per capita income and a large contributor of federal personal and corporate tax. What happened to Quebec? Highest level of subsidization but certainly nowhere nere the top in average earnings?

Saskatchewan has the highest level of business subsidization compared to Quebec. Alberta is not far behind Quebec. The answer to your question is simple. Oil and gas nothing more nothing less. Take that away and Alberta would be average or perhaps below average.

[Bowerpower]

So Bower, Canada's progressive tax system is widely supported by both Conservative, Liberal and NDP governments. This is not communism if you were wondering.

The more you make, the higher your income tax rate. I know some rich well paid people like to argue that a flat tax would be fairer, but then lower income Canadians would end up paying a far greater share of their income to run the country and pay for services that are used by low and high income Canadians.

One of the problems is that the tax burden has shifted away from business taxes to personal income taxes. The reason this has happened is we end up competing with other countries who lower their business taxes to attract and keep business. Where does it end?

Government policy is leaning more and more left all the time. And we know where that leads.
and yes we need a business environment that promotes investment. Are the taxes to low maybe, but I'd much rather have the business and the people employed.
And the libtards are doing nothing!!! They are attacking busines instead. So where's the economic plan... this is why energy east is so telling. Let's stifle growth instead of promote it. It could have been a huge boon for the future of this country.

[furrowtickler]

See chucky that's the main objective of elite leftists. You just spelled it out . The elites in central Canada are going to try just that ..... destroy the oil and gas sectors so that Alberta / Sask become less than them , a reduced threat to power in central Canada . Thx for finally showing the true nature of the carbon tax, the proposed liberal tax changes, the cancellation of trans gas.... and many other wealth transfer schemes and disposable income crushing plans of JT and company 👍👍

[chuckChuck]

Business subsidies (and I'm against them) are designed or supposed to increase the efficiency of the economy... Create jobs... And in the end increase the tax base and GDP of the country.


Now take those subsidies and compare them to GDP of each province and see who is most efficient with the.

If you want compare them to increase in GDP over the period those subsidies where handed out.


Now where we're the subsidies most effective and where did they do the least amount of good, Chuck?

If you dont support subsidies to business why do you continue to vote for Conservative governments who support subsidies for business?

Good luck with you analysis on where subsidies do the most good. Neither you or I have the time or capacity for such analysis.

You can complain about paying a lot of taxes. Perhaps Germany is a lower income tax jurisdiction. They also have a small land base and a bigger population. They also were rebuilt after the second world war with a lot of help and subsidies from the Marshall plan. Oh maybe you forgot about that? They also have a VAT of around 19% on all goods and services compared to 5% GST in Canada. Is it really a lower tax Country?

I have this feeling that where ever you are, there is always going to be a lot to complain about. Some people are never happy. I don't feel sorry for guys like you who take home $5000 a month. If that is your biggest problem then you don't have much of a problem. There are a lot of Canadians who would like to have your "problem".

[burnt]

...I have this feeling that where ever you are, there is always going to be a lot to complain about. Some people are never happy. I don't feel sorry for guys like you who take home $5000 a month. If that is your biggest problem then you don't have much of a problem. There are a lot of Canadians who would like to have your "problem".

Wow, chucky, seems like you're still throwing out some pretty wild guesses and speculation!

And your speculation sounds a bit envious as well!

How do you like your federal finance minister's stance of subsidizing himself through his own tax avoidance schemes while trying to nail small business owners (read: risk takers) for every last nickel possible?

You wanna take a guess at how that sits with true small business owners, wage earners and farmers?

[blackpowder]

So Klauses pay stub had 5760 take home on a 5000 deduction. The point was probably that a nearly 50% deduct affects all the people in blue collar with good jobs. Why work overtime? Why take an extra shift? Why hire more when the wage rate and employer costs make it expensive? Those jobs are the bricks and mortar. Waitresses getting automatic, assumed tax deducts on pay stubs for tips??? even if they didn't get any.
A flat tax for all might stop the socialists from jealous attacks on the hard working from their cushy viewpoint.
Stop telling others what they dont 'deserve' and what you do.