100 percent all paid media here

If only.

What about conversion to RIF account? It's not all but you can hedge a good withdrawal tax free no?

Boo Hoo

Nope!

​@@Iban-UndergroundThen why is it a measly 150,000 and up in income is taxed at almost 50% between both federal and provincial taxes, forgetting all the slew of other taxes.

@@theangrycanuck8331 Are you trying to refer to the costal gains tax here? Also, was it a crime to be successful during the 60s?

@@Iban-Underground I'm refering to income tax, where you are taxed per bracket on a different rate, and when you hit 150,000 you are essentially taxed half of your income. You don't know anything regarding taxes do you? You think its like a game. "Oh set to 10% so it's 10%" Forgets tax brackets, federal and provincial taxes, cpp, mandatory EI if employed by an employer, also forgets there's sales tax, property tax, fuel tax, duty tax, corporate tax, so on and so forth.

@@theangrycanuck8331 No I was just trying to figure out what you were trying to refer to since you are very poor at explaining your points. Anyways, answer the question. Was it a crime to be successful during the 50s and 60s?

You're right, it never should have been reduced in the first place.

​@@Iban-Underground After all, fuck having anyone invest in our country, clearly revenue is doing so well the federal government isn't hiking taxes across the board cause it's broke as f Oh wait it is.

Hahahaha, like you're going to be hit by this tax! Quit kidding yourself, you're not wealthy.

@@BunchaNothinexactly. Everyone here thinks that they will be "wealthy one day". Well how well has that worked so far?

​@BunchaNothin this is the attitude of most Canadians, and then they wonder why they are unable to get ahead. So vengeful, so envious, all to their own detriment eventually

​@BunchaNothin all who believe in King Jesus are wealthy, for true wealth is found only in Him. Afterall Yeshua says, 'the Kingdom of Heaven is within you' seek and you shall find, knock and the door shall be opened for you, ask and you shall receive

The government is greedy and have never learned to be frugal. Citizens are largely hard working workers who have skimped and sacrificed in order to retire but the Trudeau Liberals won’t allow Canadians to prosper after contributing to our greedy politicians who care only for themselves.

Not me. Furthermore, the CAD$ is losing so much value that it could go down to 50 cents to the US$.

Because there is money to be made. No business would drop an entire market because of a bit of tax. Most companies didn't even pull out of Russia who invaded another country lmao. Why would they pull out here?

@Iban-Underground: maybe mention that to the doctors refusing to come here because of the taxes.

@@BudzzableRides That most certainly is not the reason they won't come here lmao. It has more to do with the fact that they can make a killing off the private system in other countries over a public one in Canada. (See, the USA) But good news! A better funded public system means more money for doctors in said system, encouraging them stay. More good news, we can also leverage a tax exemption for doctors and nurses to help encourage them to stay as well! Oh, and doctors and corporations are two seperate things. My original point still stands.

​@Iban-Underground naive to think that. Besides using 'tax exemption' as an incentive implies that you have surrendered your will to bureaucracy, and now they are renting it back to you under certain conditions. The madness is too apparent to ignore.

Oh the drama. "Ripping families apart"? Give us a break. God forbid people who don't have to work for something that is grossly overvalued inherit it with some strings attached. Seems greed is always fine until it runs full circle and negatively affects the people who benefited from it. Maybe astronomical property inflation that shuts out a large % of the population from "the market" isn't so great after all, eh?

Unfortunately this is the type of tax thats generally supported by the envious. So this point will be ignored. The fact that this actually hurts the country will be ignored.

​@@robertb8629No one supports having 50% of your heard earned profits, put into taxable income and then taxed at 50% if you're over 150,000 annual income. That's an absurd and buffoonish premise that no one who actually has the drive to be successful, will support.

Totally agree matthew

Nope! Society is a collective effort that requires all of us to pitch in and work together in order to make it function. And wouldn't you know it, people who become increasingly wealthy tend to try and hide from that fact. The Panama papers were a great example of that.

Taxation is what you pay for using collective social effort.

​@@Monzeobe no its what's paid to excuse greed and by way corruption. Look at the food sold in stores, super low quality with a list of industrial chemicals for ingredients. Many who champion taxes are those who wish to worship bureaucracy as their stand in god. How long people? How long will you suffer such evil? How long will you reject the Truth who is manifest in King Jesus?

this is Trickle-down economics nonsense and the theory of the simple sucker. corporations ain't raising salaries or jobs just because they can. they reinvest in their businesses when their profits are taxed at high levels when it reaches astronomical levels ...to coin a term 'for obvious reasons'.

Naw

Average canadians that do anything to earn extra income will be affected, dude people buy stocks at home, that's capital gains. It's not just rich people.

@@theangrycanuck8331 Which is it mate? Can Canadians "not afford homes" like the cons are saying, or are they all buying second homes to sell as a stock? Which, mind you, is disgusting. Decommodify homes.

@@Iban-Underground First of all, no people can't afford to buy homes because there is far too low supply and far too high demand, making it very difficult for anyone without liquidity capable of putting down a big down payment, to get a mortgage on a fixed rate that isn't going to essentially kill their entire income. It's cheaper now to rent, than to own a home. Secondly, you can't decomodify a home, a home is a literal product that must be manufactured with goods and labour, thus has a value that must be met or guess what? No ones building that home and you're not getting materials to build it. And since developers invested into materials and labour to build that home, of course they want to profit from its sale, and after the first home owner has owned that property and taken care of and maintained it, thus raising its value, they want to sell it off or pass it down to either profit off their investment, or keep growing their investment. You don't deserve free things just cause you want them. Get a job and provide value to society.

It's a start at least.

Asking for slavery wow. Look to Yeshua and repent

@@Rflows100 how so? Were the boomers endlaved when they had high capital gains tax?

@@Rflows100 if only you understood politics and economics

​@@thetruedemocraticnorth Do you know what the tax burden is already for people that make over 55,000 a year?