Capital gains

[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.