Who's left...

[Richard5]

Don’t shoot the messenger but if you haven’t used your capital gains exception then you have 2 people to blame. First look in the mirror and second fire your accountant

Exactly, did the partnership incorporation strategy almost 20 years ago. Find is funny that there are people that still never heard of it or are first doing the change to a partnership now. Wife or partner will not get much growth if starting first now and maybe only use small part of exemption. Everyone should have been in a partnership 20 years ago so that each partners value very similar and grew through the good years. Accountant tells me CRA regularly asks for work papers to support the math and share of partners value. Wonder how many of the corner store accountants doing this wrong. Audit waiting to happen

[15444]

Feds paying for all small business rents, 75% of total value, for April/May/June. Telling landlords to take a discount. Hahaha.

Farmers, here is another finger to stick up your ass.

Afterthought, wonder if we could apply that to land rents?

[jazz]

well first of all you are going to see a sub 60c dollar which may be supportive for commodities. Oil futures are crashed all the way out to 2022 now. Several provinces will have their credit ratings downgrades then the entire country. Provincial and municipal defaults.

I converted a lot of my investments and cash to USD in February. It might be prudent to convert more if you can.

Some people are now talking about moving liquid funds and mobile assets into the US now.

I think we have one year to plan. Changes to taxation have to be in a budget bill. They might table one in the fall but they are usually in march.

[the big wheel]

All the sask Party has to do is ask for assistance to farmers and it would happen. They don’t want to all their friends covered. Oil is all they worry about. How dumb is that now? Maybe people will get the drift your economy is more than one industry. We re going to all
pay dearly for that decision now more than otherwise. Start looking at made in Canada products of all kinds but will never happen until we get rid of an oil owned government. The alternative is asleep so we r in a real shitshow.

[farmaholic]

Exactly, did the partnership incorporation strategy almost 20 years ago. Find is funny that there are people that still never heard of it or are first doing the change to a partnership now. Wife or partner will not get much growth if starting first now and maybe only use small part of exemption. Everyone should have been in a partnership 20 years ago so that each partners value very similar and grew through the good years. Accountant tells me CRA regularly asks for work papers to support the math and share of partners value. Wonder how many of the corner store accountants doing this wrong. Audit waiting to happen

Better mske sure your "house" is in order or you get along very well with your business partner.
.....best laid plans of mice and men and women. Things NEVER change....right!*

I've heard many stories of people becoming millionaires simply by association or marriage. Archaic matrimonial property laws need revamping bad, this isn't the 60's and 70's anymore! Even more sinister is losing a chunk of what you freely inherited from YOUR family while in a commonlaw relationship or marriage. Divorcees have said if you think taxes are bad....try matrimonial property division.

[LEP]

All the sask Party has to do is ask for assistance to farmers and it would happen. They don’t want to all their friends covered. Oil is all they worry about. How dumb is that now? Maybe people will get the drift your economy is more than one industry. We re going to all
pay dearly for that decision now more than otherwise. Start looking at made in Canada products of all kinds but will never happen until we get rid of an oil owned government. The alternative is asleep so we r in a real shitshow.

You post but have no clue. Oil is covered??? There is such a small part of the industry that does this work. It would be like paying hog farmers to empty their barns and saying ag is covered. You sound like Trump on medical advice.

Personally I think the reason there hasn't been any money for ag is because we haven't felt the pain yet. This fall if markets collapse because of lower demand and logistic problems then maybe there will be an argument. But don't expect a handout because they are rolling it out the door. Can you honestly say your revenues are down 30% because of Covid-19?

All that said, I think there is likely going to need to assistance in the various livestock sectors because of packing plant closures. But grains have not felt any issue that wasn't there pre-covid-19.

[woodland]

And don’t forget, the government charges a 30% tax on all those transactions.

I’m pretty sure the hooker isn’t claiming her income or issuing receipts for services rendered.................. I don’t have first hand knowledge of this though😉

[the big wheel]

You post but have no clue. Oil is covered??? There is such a small part of the industry that does this work. It would be like paying hog farmers to empty their barns and saying ag is covered. You sound like Trump on medical advice.

Personally I think the reason there hasn't been any money for ag is because we haven't felt the pain yet. This fall if markets collapse because of lower demand and logistic problems then maybe there will be an argument. But don't expect a handout because they are rolling it out the door. Can you honestly say your revenues are down 30% because of Covid-19?

All that said, I think there is likely going to need to assistance in the various livestock sectors because of packing plant closures. But grains have not felt any issue that wasn't there pre-covid-19.

Absolutely down and rhere should have been something prior to covid. Programs have failed. Your the one with no clue about it. The USA is getting how many payouts? When there are thousands of acres not seeded and hungry people all over the world livestock producers not producing we ll all know what shit hitting the fan is all about. What Sense is there to keeping the oil industry at its current level? No demand for several years forecast. If anything spend money on training those people to do other things.
Pipeline pipeline hahaha ya the more they pump the more it cost?
Is that you hurshy? About as bright

[LEP]

Absolutely down and rhere should have been something prior to covid. Programs have failed. Your the one with no clue about it. The USA is getting how many payouts? When there are thousands of acres not seeded and hungry people all over the world livestock producers not producing we ll all know what shit hitting the fan is all about. What Sense is there to keeping the oil industry at its current level? No demand for several years forecast. If anything spend money on training those people to do other things.
Pipeline pipeline hahaha ya the more they pump the more it cost?
Is that you hurshy? About as bright

Right up there with your average quality reply. I have had 3 out of 4 of my worst years ever. My crop is going to be seeded.

Oh I can easily say my income is down 30% from last year, but not from covid-19. The flu hasn't had a huge impact on grain farmers.

Would you like to be specific where the your income is absolutely down from Covid-19? Because you do realize that this government money being tossed around is to deal with the effects of shutting down the economy. Right??

[the big wheel]

Right up there with your average quality reply. I have had 3 out of 4 of my worst years ever. My crop is going to be seeded.

Oh I can easily say my income is down 30% from last year, but not from covid-19. The flu hasn't had a huge impact on grain farmers.

Would you like to be specific where the your income is absolutely down from Covid-19? Because you do realize that this government money being tossed around is to deal with the effects of shutting down the economy. Right??

Thanks for confirming my point!!!