Rather than reconsider the usefulness of skyrocketing borrowing for Covid stimulus, overpriced pipelines, battery plant subsidies and a war in the Ukraine, among many other programs, the federal government seems intent on making sure that productive individuals pay far more tax than they already do.
If these measures don’t trigger a recession, nothing will.
If enacted, this could bring the top combined marginal tax rate, once provincial tax is factored in, to approximately 56 per cent in British Columbia, Ontario, Quebec and Nova Scotia, and to 57 per cent in Newfoundland and Labrador.
I want to go Galt. Who is he?
The last time the Liberals did this Canada began to bleed professionals and businesses and the anticipated revenues didn’t materialize. Instead the deficit mushroomed and added to the massive debt. Only after credit rating agencies began to question Canada’s slide into Argentina like financial disaster did Ottawa wake up. Let’s hope we don’t repeat this, but let’s assume the Liberals simply don’t learn from their mistakes. It’s hard to believe how colossally stupid these people are.
Bend over!
Correction.
That’s BOHCA – Bend Over Here it Comes Again.
Every time they build a new mousetrap, the mice get smarter.
Once Government bragged as to how they “taxed behaviour they wished to discourage”.
Remember that?
Over my career I have come to understand the things Government wishes to discourage.
Working for a living.
Income.
Independent living.
Thrift.
Honesty.
Family.
Education.
In fact everything essential to a civil society is taxed brutally..
Every form of theft,deceit and fraud,is subsidized..with tax payers money.
The current level of taxation is so rude,that you cannot convince journeymen to work overtime..
The cost to them is just too high.
Punished for Productivity..
And then we have Bill C45..thank you Steven..Fing Uni-Party retard.
Which criminalizes being an employer..
Only a bureaucratic idiot could have come up with such idiocy.
After Dread Covid,is Bill C45 still valid?
If an employer faces a million dollar fine,one year in jail and criminal conviction,should they have a retarded employee or employees win a Darwin Award on their watch..
What sentence is fair for Government Goo Mandators?
Cause under Covid Panic…Government Mandated injection of a poison,one they promoted.
Proven toxic to far too many people.
People died,because they obeyed workplace rules.
Vaccinated into Suddenly Died…
Workplace safety eh?
So under their own rules..
Did they provide proper training?
Did they have all the proper safety tools in place?
Did they do everything in their power to avoid a foreseeable result?
Did the jabbed have full knowledge of the risks at hand?
Or do these rule ,regulations and restriction apply only to persons outside of any level of government?
Just like the explanation out of Manitoba..
“None of those rules apply to any level of government”..
But it was an emergency..said those levels of Government.
As for “safe and effective”?
One fresh Jonestown jab for everytime they uttered that idiocy.
Another for each injured fool who trusted these “Experts”.
And don’t bother to change the needles.
The more infected,rusty and blunt..the better.
Tax me harder?
Greece had this under control decades ago..
Barter,only amongst those you know,respect and trust…
Sounds almost tribal.
The basic problem about extreme taxation by a government is that this action removes a society’s capacity for economic growth. The next problem is that, with this money, the government’s intrusion into the lives of its citizens expands – with more and more ‘social programmes’ and a huge bloated permanent bureaucracy that feeds off the electorate. This mammoth set of social programmes and bureaucracy becomes parasitic on the population, [as we know, the public service wages and benefits are far above those of the private sector].
That is, I consider that taxation by a government ought to be geared to the consented [consented by the electorate] spending by this government..of these taxes. The Social Contract that the individual enters into with the government, is that the individual agrees to hand over an amount of his own money – to pay for common expenses: transportation, clean water, security, These common expenses must have a ceiling – both in costs and bureaucracy. The population must retain a surplus amount of money to enable continuity, to ‘pay for the future’ so to speak. Rather like not eating all the grains but retaining a surplus to use to sow next year’s crop.
If the government instead, takes an excessive amount from its population – as it does in Canada – , then, this same population has nothing left to set up a business, hire employees, and even, support and look after themselves, and so on.
The myth of ‘taxing the rich’ rests on an assumption that these Evil Rich simply stow all this extra money..in their old socks? Even if it’s just sitting in the bank – that surplus money enables the bank to make a loan to private businesses to expand and grow their business, Governments don’t set up bicycle shops; private individuals do that. If you tax away all the capacity for private businesses – then – a nation moves out of a capacity for its population to expand the economy and support itself and moves into DEBT funding.
Simple economics, I think.
April 1, 2023 Trudeau’s carbon tax increases to $65/tonne. This is a 325% increase from its initial value.
That’s JUST the income tax rate. On top of that are the taxes on every dollar we spend (GST and PST), gasoline tax, carbon tax, etc.
Solution > Relocate / leave Canada except for an occasional brief visit. We have. Where? ANYWHERE with low taxes.
Canadian Gov’ts relied in cheap borrowing rates to pay the bills. Now they have vanished. As gov’t cuts nothing, expect taxes at all levels to explode.
I’m closing my one person consulting business in another 6 weeks, due in part to the abominable confiscatory tax rates I’ve been paying the last 7 years in New Jersey. I despise the fact that so much of my hard earned money is going to petty greedy beuracrats that despise people like me.
I must admit, far to late I understood that we are hamsters on a treadmill. When PST was expanded to virtually all labor it became clear that the government had a far better profit margin than I ever would. I find it laughable that they blame low margin grocery businesses for gouging when I would estimate their profit margins are far less than the government tax rates. Has anyone ever done a true accounting of what portion of an actual portion of a dollar spent actually buys product? What I mean is for example when you add the cumulative effect of the amount of taxes at all levels including the money that each person at each level must charge or earn to pay their tax burden. ( Your mechanic service charge is taxed and must pay the mechanic whose wage must cover his tax burden and down the line for the service or product the mechanic buys ++) I find it doubtful that we are actually paying 25 cents value for the actual product or service. It’s the biggest Ponzi scheme ever. The commentators here have pretty much nailed it.
Somewhat OTT, but there’s a funky little nuance for the 2022 T1s which may not be understood. It concerns the Underused Housing Tax (UHT) which is supposed to target non-resident owners of residential properties. However, because trusts are not excluded owners (as in don’t have to file a UHT return), the requirement is going to catch a lot of unsuspecting Canadians. These are the parents who put the kid on the title of the house for administrative/estate purposes or, conversely, parents who are on the title of a kid’s house because otherwise the kid wouldn’t qualify for a mortgage. It seems that if you are on the title of a property but are not the “beneficial” owner, you are then de facto a “bare bones trust” and trusts have to file a UHT return. So tax preparers in the know are asking all their clients if anyone is on the deed to their home. The penalties for not filing are nasty.
It is also the governments way of collecting huge amounts of property information that is none of their business. Even if you don’t have to pay the tax, you may still have to file a return. Be careful, your accountant may not automatically take care of this. Am hearing that some accountants want nothing to do with it – penalties are too high and rules murky.
Penalties are $5000 per person or $10000 per corporation – for EACH property. Have also seen costs for filing per return at $700 additional to the usual tax season costs.
Nothing to see here. Sure. sarc/on
I recall Thomas Mulcair (then leader of the NDP) as stating that any tax rate greater than 50% wasn’t taxation but confiscation which he opposed.
https://macleans.ca/politics/ottawa/thomas-mulcair-versus-taxes/
What would they do differently if they were trying to destroy the country?
The great cloward and pivening accelerates.
Funny here,we grouse about the youth of today,no work ethic,no ambition,no desire to leave the nest..
Nor raise families and so on..
Maybe they are less deluded than us?
For we who continue to work and thus generate tax revenue for our parasites..
Who buy new toys,cause now we can afford to indulge ourselves..and pay enormous amounts of GST and Provincial Tax..
Maybe we are the idiots?
Maybe these “lazy nonstarters” instinctively know what we keep telling ourselves “Cannot be”..
The Parasitic Overload Rules.
They hate and fear us.
For an inferiority complex is real,when you are an inferior human..
And what you fear,you act to destroy..
So why support Fools and Bandits?
The Canadian Kleptocracy is fully established.
The citizenry recognize this.
They act in their own individual interests..
Unlike us old farts,clinging to a world long deceased.
Can Ahh Duh is an endstage kleptocracy.
The producers have recognized the thieves in power and are acting to minimize their losses..
Taxes will continue to increase,which will continue to accelerate the education of tax payers,which will reduce tax revenues to the Parasitic Overload..
Who will increase existing taxes and create whole new categories of taxation..
For they are worse than crackheads..
O.P.M is their addiction.
And they have to low bar,too low,for them to go..to satisfy this addiction.
As the OPM runs out the intertribal warfare between the bureaus will continue to expand..
You are guilty of “The Crime” pay up..
A sudden stoppage of work,seems a fair payback for Died Suddenly..
If every recipient of the Government Goo,is a dead man walking..can they be declared “Suddenly Dead” for tax purposes?
We are more like the old Soviet Union more than we care to admit.
Can’t remember who said it or the exact quote but: “What if you could convince people that they weren’t your slaves?”
Shouldn’t that be, “Tax me moistly”?