Canada News | The Rich To Pay More Taxes In Canada Now

Canada has presented its federal budget that increases the taxes on the rich and tries to provide more funding for its social welfare policies in an effort to woo back its 'Gen Z' voter base, which has abandoned Prime Minister Justin Trudeau's party since voting him to power nine years ago. What is Justin Trudeau's government proposing? Parmeshwar Bawa breaks down the details.
#JustinTrudeau #CanadaTaxes #CanadaBudget #TheWorld24x7
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[@user-kv4kp4co1r]

The capital gains tax on every $100K was previously $26750, and now the government has raised it to $30094. While it’s not a significant hike, these individuals are reacting as if the ground beneath them is shifting.

[@kurtjammer9568]

Rich people and companies pay 80 percent of the taxes that support the services we receive..not the McDonald's workers..I don't feel bad working my whole life creating a company and buying a really nice car..any one can do it if you have drive and determination.

[@jeffspicolli593]

Current taxes can't keep up withTrudeau's over the top spending so he's after more of your investment income which will still be used for more note buying spending rather than retiring debt.. Capital gains on primary residences aren't far away.

[@GlobalSpill207]

not sure why the Youth or Retiree wouldnt like this its only rich ppl complaining

[@user-qq4zg4gg3w]

Wrong. Its Not the rich. They use; Trusts, incorporation, off-shore tax havens to pay little or No tax. Its people trying to invest for their future retirement.

[@tadaskalanta9733]

The Rich ? 250k a year considered as rich in Canada ? well if 250k earning a year is rich in Canada then go live somewhere else

[@tanyaperry2936]

This cost just gets passed down to the consumer... we lose again

[@jambudvipi]

Here in Canada🇨🇦 we want a right-winger like Modi🇮🇳 or Trump🇺🇸 😊 Most of us are sick of excess socialism

[@NelsonSandoval1962]

I will vote NDP

[@jambudvipi]

@@NelsonSandoval1962 NSDAP*