yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businessman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.
I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.
never mind try and find the workers lol , no chance in hell they do this. Took me a year to find a contractor to build a basement apartment in my house
I agree 100% that higher capital gains taxes will chase away new investors, incubators, entrepreneurs, real estate landlords, doctors, technology specialists etc. to lower taxed jurisdictions. When combined with municipal restrictions on short-term residential rentals and provincial restrictions on rent increases, higher capital gains taxes reduces the business case for new investment in residential rental units. In other words, the supply of new residential real estate units will decrease in relation to escalating demand for these housing units.
What is the point of spending money on new housing when they have made sure that anyone who invested on more than one property will stop selling. So they basically made the problem worse.
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
Since 2015 the Canada from number 1 in G-7 most developed countries currently is the bottom. Our government if they want to fix the problem in Real Estate must push always Win Win solution. Let say if immediately don’t push 40 years mortgages from 25 years and make affordability good for all. Less taxes and less capital gains with lower interest will bring back the economy. If they keep increasing the budget with higher taxes than we are doomed for the worst depression in the Century, So easy but Government is purposely doing opposite. Governor of Bank of Canada on March 6th said regardless of 2.8 percent inflation we’ll keep 5 percent interest because they’ll not allow to have spring market raily on Real Estate market? Only Politics and NO Economy and progress? Unbelievable
3.9 million homes can’t be build by 2030, here’s why. 1. If everyone working person in Canada quit their job and started building homes, every five people would have to build a house. That’s everyone, so all other businesses would need to stop to achieve that. 2. Even if each unit was only 250,000 dollars that would be one trillion in funding. Canadians can’t get another trillion dollars, we already owe 2.45 trillion personally plus the government debt. The houses aren’t coming, but inflation is.
Canada need to stay competitive, attract more talents, high tech, doctors and all talents from all sectors to build the fundamental in order to fund the spending.
It’s a capital gains tax. Not a corporate tax or personal tax. You need increased taxes to decrease deficits and reduce inflation. What has happened here is that money flows from those who have multiple properties on which captain gains tax will apply to those who don’t own such properties. In the process, it will help reduce costs of food, clothing, etc. Anyone who doesn’t own multiple properties won’t be effected by this tax because they have no capital gains to tax. This represents the majority of Canadians. The principal residence is not being taxed. So this tax is the perfect tax, to help reduce the deficit. However, that being said, spending on senseless things is out of control. But spending on health care, education, daycare, infrastructure is in the best interest of all Canadians.
That's the thing, I don't trust the government to use this extra revenue to pay down the deficit. Also if rich investors don't think it's worth the risk then they'll go elsewhere.
And where will the money come from to make houses more expensive? The economy is already faltering and housing debt is at insane, unsustainable levels... People making good money are being taxed to death, and are starting to leave
Anything over $250k sounds great today, but tomorrow a used car will be $250k and like the GST, the $30k was never prorated. $30k used to be a real business, now its just rent without utilities.
As much as I have little respect for the intelligence of the Liberal party. I suspect that this cap gains tax increase...starting on June 25 was a strategic move. Those with liquid equities will sell before June 25. Then buy back again on June 26. This will make for a cap gains windfall for tax revenue by April 2025...just in time for elections.
You've nicely explained what I have been wondering when they say, "tax the rich". Good job! IMO, we already have a taxation scheme that taxes more on the rich. Any sudden tax raise will only bring chaos, if it does anything at all. And I'm saying this with a wishful thinking that nobody is pocketing taxpayers' money for their personal benefits.
Increasing capital gain tax is bad decision, it kill incentives for entrepreneurs & venture capitalists investors. Investors are needed to fund high tech, new tech, high rush industries like mining & resource industries.No investors will be interested to fund new venture if they feel they cannot get a good return & be taxed heavily when they succeed. Increased capital gain is demotivating young risk takers. & is poor decision by the Government.
The immediate effect of the tax increase is an increase in the cost of capital in Canada as investors seek to compensate. I own about 40 patents with international coverage. Taxes on patent royalties are 4X higher in Canada than in patent box countries. Canada is only 3% of the world market. It doesn't make sense to bring revenue back to Canada to be taxed 4X higher than the country of origin. It doesn't make sense to take venture capital expecting a 35% rate of return for an average of 13 years from concept to commercial, give half of that expensive capital to government in employee income taxes (before a nickel of revenue), and then have government take more than half again if the company succeeds.
You must have some form of tax increase to reduce deficits and fight of inflation. Would you rather be paying higher personal taxes??? Why don’t you tell us your formula to bring down the deficit, without increasing taxes and reducing unnecessary spending. Let me know, I would be interested. How do you propose to fight off inflation without increasing taxes? And for spending I agree don’t send money to Zelensky. But do you want to cut health care, daycare, education, infrastructure? Which one and how. Perhaps Jagmeet Singh or the Conservative guy can tell us their plan. I would like to know what it is. How will they fight off inflation and prevent the Canadian dollar from become the Canadian Peso.
One way to reduce inflation is increased productivity. That takes investment. I don't think taxes and bigger government is always the answer. The government is not efficient like a business. The carbon tax increases prices = inflation. You want people to have more money so they can spend more on more goods.
There is too much immigration and the highest are from China and India. Percentage of immigration is way too dominated by those two cultures. There should be caps on percentages for cultures to allow a more fair balance between the numbers from the different cultures.
Why try to get ahead by investing . If you succeed the government takes it. I would like to know what if anything Trudeau and Freeland have at risk to the higher CG tax.
That’s why no one needs to work hard in this country, coz if u are good at what you are doing and hardworking, u will only get paid for it only after June of each year coz half your salary goes to tax. This is why Canadians are so poor
Taxes must go up, to bring down deficits and fight off inflation. Would you rather have increased personal tax? Increased corporate tax? Increased inflation? Or would you rather have a higher capital gains tax which the majority of candidates will not be paying since they don’t have capital gains. The answer is obvious capital gains tax will tax those who are wealthy enough to have capital gains and bring down the costs of everyday items like food and clothing, which represents the majority of Canadians.
While I agree with your points, the 30% who would not vote for this government could simply be those who would vote Conservative. That point would have held more weight if it was 60-80%.
Housing is a human right, therefore I live in a 3 million dollar house. In my mortgage application my income is 300K, to the CRA it is 15k a year for last 20 years. My self employment status allow me to do all. Plus all the government benefits I am entitled as low income.
This is quite normal, you buy executive home under your company name. That is before tax money. As long as you are not paying yourself, you don’t have anything to declare in your T4. All big companies and rich executives does it. They don’t have salary but huge stock options. You can sell your stock across 10 or more yrs to minimize tax
@@JC-hl9nu in accounting and finance, cost, profit and income (to cra too) mean different things from diff. perspectives. this is why a company can have a financial statement for its use while having another one for tax purpose.
الثراء باسلوب فاخر والشهادات والخشب يحمل الجميع دعاة الانسانية، المتحضرالمتعلم ، مفاتيح السلام قضاة رعاة اعلام البشرية، تنحدر وتنحني لاهل الغاب للجاهلية والجهل ، اسلحة الدمار والقوة الرعناء والطبع والتطبع التعطش والشرذم رماد الطمع والجشع بحيرة حمراء بكل اسف واسى لتشرق الشمس من مغاربها ونعترف بأن للشر عين واحده قُراء الموقف اليوم اسرائيل سرقت فلسطين وروسيا اكلت اوكرانيا وامريكا حكمت العالم وكذلك كندا تسرق مواطنيها ، نعم في ونصف النهار وعلى مرمى عينك يا تاجر وبدون خجل تساوي العاقل مع الجهل والقوي مع الضعيف والكادح مع العاطل تقتل في المرئ الامل
They raise interest rates, but then continue their obscene overspending and money printing. Such a mess
They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.
yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businessman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.
She is well known as - Chasity George Charles. please do your own research.
I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.
If a government is not capable of building more homes in the past 8 years, what makes you think they can in the next 10?
never mind try and find the workers lol , no chance in hell they do this. Took me a year to find a contractor to build a basement apartment in my house
they only slow down construction with red tape and unrealistic build standards.
Facts
Government builds nothing!
You mean the next 1 year. Their butts will be handed to them in 2025.
We need election now, that's all
we need an election like today badly
won't change a thing!
@@bufords no no no! at least change the party? I don't know. I have no opinion at all.
I agree 100% that higher capital gains taxes will chase away new investors, incubators, entrepreneurs, real estate landlords, doctors, technology specialists etc. to lower taxed jurisdictions.
When combined with municipal restrictions on short-term residential rentals and provincial restrictions on rent increases, higher capital gains taxes reduces the business case for new investment in residential rental units. In other words, the supply of new residential real estate units will decrease in relation to escalating demand for these housing units.
What is the point of spending money on new housing when they have made sure that anyone who invested on more than one property will stop selling. So they basically made the problem worse.
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.
Since 2015 the Canada from number 1 in G-7 most developed countries currently is the bottom.
Our government if they want to fix the problem in Real Estate must push always Win Win solution. Let say if immediately don’t push 40 years mortgages from 25 years and make affordability good for all. Less taxes and less capital gains with lower interest will bring back the economy. If they keep increasing the budget with higher taxes than we are doomed for the worst depression in the Century,
So easy but Government is purposely doing opposite.
Governor of Bank of Canada on March 6th said regardless of 2.8 percent inflation we’ll keep 5 percent interest because they’ll not allow to have spring market raily on Real Estate market?
Only Politics and NO Economy and progress?
Unbelievable
3.9 million homes can’t be build by 2030, here’s why. 1. If everyone working person in Canada quit their job and started building homes, every five people would have to build a house. That’s everyone, so all other businesses would need to stop to achieve that. 2. Even if each unit was only 250,000 dollars that would be one trillion in funding. Canadians can’t get another trillion dollars, we already owe 2.45 trillion personally plus the government debt. The houses aren’t coming, but inflation is.
Gold will get a nice dip.. than off to races..?
Everybody should know by now that liberals are selling us unicorns
Talent coming from new Canadian grads are going to US as there are more good opportunities
bingo
the rich investors will also invest and move to the US as well.
Canada need to stay competitive, attract more talents, high tech, doctors and all talents from all sectors to build the fundamental in order to fund the spending.
there is no good future for Canada, future is abroad…
It’s a capital gains tax. Not a corporate tax or personal tax. You need increased taxes to decrease deficits and reduce inflation. What has happened here is that money flows from those who have multiple properties on which captain gains tax will apply to those who don’t own such properties. In the process, it will help reduce costs of food, clothing, etc. Anyone who doesn’t own multiple properties won’t be effected by this tax because they have no capital gains to tax. This represents the majority of Canadians. The principal residence is not being taxed. So this tax is the perfect tax, to help reduce the deficit. However, that being said, spending on senseless things is out of control. But spending on health care, education, daycare, infrastructure is in the best interest of all Canadians.
That's the thing, I don't trust the government to use this extra revenue to pay down the deficit. Also if rich investors don't think it's worth the risk then they'll go elsewhere.
housing will become even more expensive due to this tax increase. Canada needs lower taxes, not higher.
And where will the money come from to make houses more expensive?
The economy is already faltering and housing debt is at insane, unsustainable levels...
People making good money are being taxed to death, and are starting to leave
@@jeffl4810 fewer people will be selling, so prices will rise more
Haha see what you voted for ? He's destroying the major group of people that voted for the yellow socks.
Anything over $250k sounds great today, but tomorrow a used car will be $250k and like the GST, the $30k was never prorated. $30k used to be a real business, now its just rent without utilities.
Your right this is just the beginning of the slow speed flood like disaster
As much as I have little respect for the intelligence of the Liberal party. I suspect that this cap gains tax increase...starting on June 25 was a strategic move. Those with liquid equities will sell before June 25. Then buy back again on June 26. This will make for a cap gains windfall for tax revenue by April 2025...just in time for elections.
trudeau is doing the scorched earth forced retreat of a failed campaign
You've nicely explained what I have been wondering when they say, "tax the rich". Good job!
IMO, we already have a taxation scheme that taxes more on the rich. Any sudden tax raise will only bring chaos, if it does anything at all. And I'm saying this with a wishful thinking that nobody is pocketing taxpayers' money for their personal benefits.
Increasing capital gain tax is bad decision, it kill incentives for entrepreneurs & venture capitalists investors. Investors are needed to fund high tech, new tech, high rush industries like mining & resource industries.No investors will be interested to fund new venture if they feel they cannot get a good return & be taxed heavily when they succeed.
Increased capital gain is demotivating young risk takers. & is poor decision by the Government.
Starting to look like a death spiral to me.... thank you again unqualified government officials and policy makers for missing the mark yet again.
The government should stay out of are life’s
Trudeau is a cancer on Canada
Less innovation too, leading us to become even more reliant on other Countries for goods and services
Hope have election today
Who is to blame that keep electing him to be Canadians PM? Maybe more Canadians need some brain and less woke.
Trudeauing has nooo clue. Just another way 2 bankrupt Canadians. Go trust fund baby go
You're obviously not Canadian, you don't understand how broken our system is. They slimed their way into power with 30% of the popular vote.
He only had 32% of the votes...
I would like to point out my comment on this subject was removed. I said basically the same thing as Jeff.
@@jeffl4810 then vote him off! Not voting means forfeit and fine with JT and JS.
The immediate effect of the tax increase is an increase in the cost of capital in Canada as investors seek to compensate. I own about 40 patents with international coverage. Taxes on patent royalties are 4X higher in Canada than in patent box countries. Canada is only 3% of the world market. It doesn't make sense to bring revenue back to Canada to be taxed 4X higher than the country of origin. It doesn't make sense to take venture capital expecting a 35% rate of return for an average of 13 years from concept to commercial, give half of that expensive capital to government in employee income taxes (before a nickel of revenue), and then have government take more than half again if the company succeeds.
You must have some form of tax increase to reduce deficits and fight of inflation. Would you rather be paying higher personal taxes??? Why don’t you tell us your formula to bring down the deficit, without increasing taxes and reducing unnecessary spending. Let me know, I would be interested. How do you propose to fight off inflation without increasing taxes? And for spending I agree don’t send money to Zelensky. But do you want to cut health care, daycare, education, infrastructure? Which one and how. Perhaps Jagmeet Singh or the Conservative guy can tell us their plan. I would like to know what it is. How will they fight off inflation and prevent the Canadian dollar from become the Canadian Peso.
One way to reduce inflation is increased productivity. That takes investment. I don't think taxes and bigger government is always the answer. The government is not efficient like a business. The carbon tax increases prices = inflation. You want people to have more money so they can spend more on more goods.
Thank you for your chinese perspective...it helped me understand even better...you have earned my sub
Nicely done! Good video. Canada is in a sad state. We are going downhill fast.
There is too much immigration and the highest are from China and India. Percentage of immigration is way too dominated by those two cultures. There should be caps on percentages for cultures to allow a more fair balance between the numbers from the different cultures.
Justin Trudeau and his Liberal supporters targeting another portion of society "the wealthy .13%" 😂
Because the capital gains tax effects entrepreneurs.
Another group - mid and upper middle class retirees with money in equity and real estate investments
Your right
Why try to get ahead by investing . If you succeed the government takes it. I would like to know what if anything Trudeau and Freeland have at risk to the higher CG tax.
That’s why no one needs to work hard in this country, coz if u are good at what you are doing and hardworking, u will only get paid for it only after June of each year coz half your salary goes to tax. This is why Canadians are so poor
im gone leave when my dad dies....going to morocco or somthing f this...ill hvae 1 year + to flee....how dare they
I’m moving to the U.S
bye!
I would rather go somewhere else to invest and leave those who do not care ROI continue to keep their investments in Canada
Taxes must go up, to bring down deficits and fight off inflation. Would you rather have increased personal tax? Increased corporate tax? Increased inflation? Or would you rather have a higher capital gains tax which the majority of candidates will not be paying since they don’t have capital gains. The answer is obvious capital gains tax will tax those who are wealthy enough to have capital gains and bring down the costs of everyday items like food and clothing, which represents the majority of Canadians.
Very informative. You have reaffirmed my fears. We are heading down a very bad path
I really agree with your idea!
While I agree with your points, the 30% who would not vote for this government could simply be those who would vote Conservative. That point would have held more weight if it was 60-80%.
💯 you are on point on this.
Wong is still rich
Housing is a human right, therefore I live in a 3 million dollar house.
In my mortgage application my income is 300K, to the CRA it is 15k a year for last 20 years. My self employment status allow me to do all.
Plus all the government benefits I am entitled as low income.
This is quite normal, you buy executive home under your company name. That is before tax money. As long as you are not paying yourself, you don’t have anything to declare in your T4. All big companies and rich executives does it. They don’t have salary but huge stock options. You can sell your stock across 10 or more yrs to minimize tax
@@JC-hl9nu in accounting and finance, cost, profit and income (to cra too) mean different things from diff. perspectives. this is why a company can have a financial statement for its use while having another one for tax purpose.
الثراء باسلوب فاخر والشهادات
والخشب يحمل الجميع
دعاة الانسانية، المتحضرالمتعلم ، مفاتيح السلام
قضاة رعاة اعلام البشرية،
تنحدر وتنحني
لاهل الغاب للجاهلية والجهل ،
اسلحة الدمار والقوة الرعناء
والطبع والتطبع
التعطش والشرذم
رماد الطمع والجشع
بحيرة حمراء
بكل اسف واسى
لتشرق الشمس من مغاربها
ونعترف بأن للشر عين واحده
قُراء الموقف
اليوم اسرائيل سرقت فلسطين وروسيا اكلت اوكرانيا وامريكا حكمت العالم
وكذلك كندا تسرق مواطنيها ، نعم في ونصف النهار وعلى مرمى عينك يا تاجر وبدون خجل
تساوي العاقل مع الجهل والقوي مع الضعيف والكادح مع العاطل
تقتل في المرئ الامل
Try explaining this to Deputy Reichminister von Bimbo, who thinks that the economists and business leaders are economically illiterate.