Capital gains

[jazz]

The woke doctors and lawyer and accountants and real estate agents jumped for joy when the carbon tax was being put on. Whole heartedly supported it. Now that they have some pain coming squealing like pigs.

Thats always the case in commie canada. Vote to hurt another group of people until it comes to your door step then cry. CG is going to be the same thing. 4m people own 2nd homes. Landlords, cottages, anyone who invested inside a corporation for their own retirement.

[blueversi]

Keep in mind that farming is unique amongst most businesses in that the assets appreciate while the profits along the way may be marginal at best. Whereas nearly any other viable business only owns depreciating assets, leases their facility, and hopes to make profit along the way. With very little to show for it at the end when the property lease is over and the depreciated assets are sold for pennies on the dollar.

Another way to look at it, have we really done anything to have earned the appreciation of our properties? Or have we just been along for the ride as successive governments mismanage economic policy creating inflation? Big brother giveth, Big brother take it away?
Not very many businesses have to worry about capital gains.

The money printing for the Scamdemic made all this possible. All part of the plan.

[shtferbrains]

Can't tax the people too much. More to come for sure.

Freeland's buddies at the IMF are coming to her support.

Headline from Bloomberg;

Capital gains tax hike a start but Canada needs more revenue, IMF says

[ajl]

Almost all capital gains in canuckistan are the result of inflation not hard work or innovation, which is caused by government being irresponsible. As such in nations like canuckistan, real estate speculation is the only business in town. Farmers are big real estate speculators and us such benefit from the inflation caused by irresponsible government. Since inflation is the only product in canuckistan, therefore it is the only thing that can be taxed. My solution to the problem is to get rid of the central bank, then interest rates would be set in the free market. In that scenario there would not be much capital gains to squabble about.

[FarmJunkie]

She and her boss think they are Robin Hood. Even tho they didn’t create all this mess they created the biggest part. This is what happens when u can’t do math and realize the budget can’t balance itself. So now they try to cover their ass by stealing from the people who create wealth and it sure as hell ain’t the government.

[shtferbrains]

I would like to see the workaround they use the exempt themselves.

[Jordy2323]

I'll play devil's advocate.
Would you rather be taxed at the end of a successful career or business, or at the beginning preventing any opportunity to ever build a business or career?

I think most would prefer to be taxed at the end... but not have the rules changed midway.

It's always a slap in the face taking all the risk in an investment, business, property etc. and the goverment stepping in, in the end to increasingly take a bigger slice of the pie.

[jazz]

I would like to see the workaround they use the exempt themselves.

Elaborate ex Canada domiciled trusts and low/no tax jurisdictions. South Dakota, Wyoming, Caribbean

[13stripe]

Taxes are inflationary, if selling an asset I would figure out net to me and price accordingly.