Capital gains on equipment and land corp vs personal in budget 24.

[Sodbuster]

I think you’re right, them back peddling on capital gains might just be the straw that broke the camel’s back. Lots of ammunition for Pollivere to use in next election, hopefully he can stay away from any perceived scandals.

[Taiga]

Looks like they have removed it from the budget bill so that the budget will pass and they will introduce it as its own separate bill, at least that is how I am reading the news reports.

[jazz]

LOL, PM whacko should go right ahead and pass his suicide budget.

Federal Polling:
CPC: 44% (+10)
LPC: 23% (-10)
NDP: 17% (-1)
BQ: 8% (-)
GPC: 5% (+3)
PPC: 2% (-3)
Leger / April 28, 2024 / n=1291 / Online

[blackpowder]

The Natural Ruling Party will be taking a break next time either way.
I note that 23+17+5 is still 45%.
Posts I read on other media are more "sock it to the rich" by far.

[WiltonRanch]

No doubt there’ll be carve outs on the bill such as doctors offices and cottages. My take is there’s a ton of wealth held up in property of the boomers and their detachment from their mortal coils is starting to culminate. Whether their intentions are to pass it on or sell to retire on the government might simply want the cash or perhaps it is to shake it out onto the market. Up until now real property has been the only stable value sink. Now not so much. Throws the paradigm on its head. Maybe it’s their poison pill to crash the overinflated housing markets in the bigger centres but it will ultimately scare off investors. There’s more to it than simply wanting the extra money to pay for their spending.

[mcfarms]

Don't give them any credit for intelligence.
they are separating the capital gains inclusion increase in order to make it a political thing not a financial thing.
Good liberals for making the "rich" pay their share, bad conservatives for siding with those rich people..
So much fun to plan for retirement and run a company or three when the rules change yearly it feels.

[Old Cowzilla]

Liberals didn't think doctors could be card paying members for some reason (dough! ). But what about all those C-store owners who work 12 hr days and have all their money tied up in building and inventory. Will it mean farmers will keep as much dirt as they can until their last breath?

[jazz]

Don't give them any credit for intelligence.
they are separating the capital gains inclusion increase in order to make it a political thing not a financial thing.
Good liberals for making the "rich" pay their share, bad conservatives for siding with those rich people..
So much fun to plan for retirement and run a company or three when the rules change yearly it feels.

This is a weird time. We could protect some of our CGE by perhaps selling a couple quarters into the company, but with inflation stalking the land for the foreseeable future, those quarters could be $1.2M in 5 yrs. Or just wait and hope PP reverses it all.

[jazz]

The liberals are hoping to shake out the property bubble and create supply, this is probably going to have the opposite effect. Just hold, ride the recession/depression and wait for sanity to return.

[foragefarmer]

John Ivison: The sudden, mysterious muteness of Pierre Poilievre.

In todays issue of National post.

Sure would be nice to have him debating this in the house of commons.

Not a word though, when he becomes PM will the CarbonTax really be eliminated?
?

[wheatking16]

This week, I attended a presentation by a leading tax accounting firm, and there remains a lot of uncertainty regarding the new legislation and the corp. vs personal thing appears situation dependant.

The presentation was somewhat interesting but contained a lot of nothing due to the current process stage.

From what l could tell, the proposed tax levels have existed before.