Doesn't Canada have a Communist party? Since 73. CGTN The Point-Hub-Heat, Einar Tangan-Martin Jacques-Lijinjing-Tian Wei. Reporterfy Media-Cyrus Janssen.
I hope our children and grandchildren and great grandchildren would never vote liberal ever. A Canada free of woke liberals and NDP would almost be a prefect country
We need centre left and centre right political parties. It is the radicals left and right that can create a mess. Uneducated or not paying attention voters are a problem.
@@ZebraAfrica just stop....there is no radical right, can you name who it is? because the right is pretty good at checking their most radical elements, The left is not, they encourage their extremists...quit acting like they're on the same level because they're not.
They've had no mind- no sense only arrogance and Belittling to begin with - F^&king worst that creeps and crawls through HOC- They havent answered one F$%^*ng question in 8 years in the HOC. VOMIT.
Trudeau increased federal employees by 40% since 2015. Someone has to pay their bloated salaries and benefits. Add in the millions of immigrants who don't work and the billions Trudeau sends to other countries like Ukraine.
That's always been the Liberal way, since Day 1. Yet whenever the Conservatives get elected and are forced to cut programs in order to clean up the Liberal mess, idiots Canadians start reeeee-ing and vote the Cons out again. The system is as broken as a Liberal's brain.
When you invest money and rake a risk in the market with money that is already taxed they will tax you AGAIN on every cent you make. When your investment goes to Zero: "Better luck next time" The government are leeches. They will stick their hands in every cookie jar they can make a cent on. And we all take it.
@@GMan-t1sMy gambling addict father spends his money more responsibly than the liberal government. He would 100% gamble all his money away and be on the street. Give the liberal government all your money and guess what? You would also be on the street. No shortage of homless people right now, but how many of them had the joy of gambling tens of thousands of dollars away???? You dont even get that with the government. They just piss away your.money and you get angry
Thank you Adrienne Batra, Brian Lilley and Warren Kinsella for this discussion. It’s comforting to know we have honest people reporting on these issues. I have great respect for you three!
Most of the job vacancies created in the two years ate from government sector and not-for-profit organizations funded by governments, and the fund given by governments is from debt. This is not sustainable and put Canada in a deeper hole of recession.
Destroying the food chain and farmers is an important task the liberal NDP government is undertaking for the foreign power ( WEF) they are working for. Starvation is a tool they have embraced to help depopulate the planet by 6 billion people by 2030. Working against Canadians is the liberal NDP goal.
Yes, they have already mentioned it, so they are definitely thinking about it as this big amount coming from everyone selling off now, ends next year, so they need to find the money somewhere!!!
This government is so terrible. Just think how bad things have gotten in the last 9 years it’s crazy. Things I would never think were a problem 9 years ago are now a problem. A direct result from this federal government. Canada is effed.
A lot of things have gone wrong in the world that has affected the whole planet we live on but yup you are correct ,it's all the current governments fault .
That's almost true...no liberal tax is a good tax because money is wasted. If a tax is bearable and money makes our lives better....it's a good tax. I don't mind taxes if it's for something that benefits all canadians. If it's for something to benefit just single moms that can't keep their legs closed.....bad tax!
@@jasondashney well you can tell Trudeau stop giving money away to other country 50 billion dollars when Canadians are homeless. If they taxes us then put it for good use instead of their own pockets and other countries!
Yes...BLACKROCK..is waiting to pounce.....it was made clear that crooked Freeland was serving on the board for the WE F Filthy rich elites with a goal to letting traitorous people like Freeland to destabilize Canada by " INFILTRATING " our cabinet!
Good Lord this country is in such sad shape with Trudeau/Freeland driving the bus of a cliff. I miss the old Canada...and where prosperity wasn't treated as a guilt ridden inequality and sin.
How about a gains tax on any politicians that accumulate wealth by insider trading and pay backs? Perhaps cut all the big pensions for all these clowns.
@@tracyallen7020 Yep, that is exactly my point. The revenue they plan to collect from us will be very close to the same amount they have given to Ukraine via their favorite corporations. Bastards.
My mother in her 80s lives on about $40k a year in a modest apartment building that she and my deceased father built 60 years ago. The proceeds from the sale of that property is for her when she needs to have care.. she is very far from wealthy, and Trudeau just stole another 30% of her money from the capital gains that she will need from the eventual sale. These fkrs are evil.
Same with my elderly father, who owns a couple of modest rental properties that give him enough cash to pay his rent and meals on wheels. What’s left of the capital gains will pay for his care.
At the very least it shouldn't be possible for a party with 32% of the vote to run the place like they are. In this scenario it shouldn't be possible for 2 parties with so little of the vote to effectively have a majority.
They raise taxes on Canadians and then turn around and gave 3 billion to Ukraine, how is that tax fairness for all Canadians, last time I checked Ukraine wasn't a province of Canada.
Everybody in Canada has to be financially responsible, except the prime minister. FJT and F quebec and Toronto for voting him in. Thanks, you have nearly ruined Canada.
Your welcome during the pandemic people got cerb the whiny west got a pipeline the gordie howe bridge may have started with Harper but which government is paying for it and on or tax forms it’s federal and provincial
I'm no longer a Canadian...i'm done with all governments in this crap country...i'm taking 5 acres of crown land in the middle of nowhere and going to live off the land...
I can't afford to sell my house I bought 22 years ago due to capital gains tax. For the past 12 years I have been moving around the country, renting wherever I found a job, renting out my home. Recently I discovered I will have to pay capital gains on my only property, I'm not rich.
I took Trudeau seriously when he said he admires China, it made my hair stand up. Budget balances itself, interest rates are the lowest ever and we do not need to worry about borrowing money. etc. Are Canadians listening? Do they understand what this means?? History lesson, history repeats itself. When people say they did not take Hitler's comments seriously, it reminds me of Germans (Nazi or not), did not take what he said in his book seriously about his ideas about Jews, including right wing German Jews.
I am a Canadian who came from Hong Kong, which is now being messed up by the ccp. In case the Liberals don't know it yet, they are very much alike to the ccp. If my memory serves me right, today's Liberals aren't the same as those three decades ago. As for the top 0.10% living a luxurious life, good for them, especially if they have worked hard and taken business risks for it. I don't harbor any envy. Besides, leaders who often seek to pitch one group of citizens against another, be it by income, wealth, race, gender, religion, or lifestyle, aren't good people. They are totalitarian commies pretending to be virtuous and caring. Always bad people. Stay away from them.
I love the idea of democracy and even liberalism because it gives the sense that everyone especially the weakest and disadvantaged will have their needs heard and addressed. This was how I was taught growing up. It sounded very noble. The reality I have discovered as an adult is that the vast majority of people are idiots who will vote the society into destruction. Intelligent critical thinkers are actually a relatively very small part of the public Sad but true reality. I really dont know if there is a way to fix it
I voted Harper. When I was around 12 yrs old, I had asked an adult who she voted for and she said Mulrooney. When I asked why, she said because he was the nicest looking! WHAT! I was appalled. With Trudeau I saw the same thing, voting in a drama teacher over a masters in economics. Still scratching my head over that one!
PLease be clear average cost to pass on farm $1.1 million? 0r $3.3 million? Does it already cost $2.2 million to give your kids the farm???? If so, that is not alright and must change. FAMILY farms should be exempt from all taxes when passing the farm to a family member.
Unfortunately these are not laughing matters. The entire country should be up in arms against stupidity, incompetence and corruption. But, as Joseph de Maistre said: "each nation has the government it deserves"
BS anyone who has lived in a house for 10 to 20 years and sells it or trys to pass it to their child will be hit with at least 30% on anything over the $250k lifetime limit. if you bought a bungalow for $ 240k and sold it for 400k you would pay 30% on $160k . THATS $48k THEY COLLECT FROM YOU EVEN IF IT'S A TRANSFER WITH NO MONEY CHANGING HANDS THEY WILL FACTOR THE ASSESSED VALUE FOR CAPITAL GAINS TAX. Imagine if you have moved several times and have little to no exemption left. The government takes $120K FROM YOUR POCKET😢😢😢😢😢
@@joycegielfeldt806 Ok let me put plain and simple for you. Most investment rental homes and cottages on the books were bought back 10 years plus, meaning that the large rise in equity has been built up due to the real estate bubble we've been experiencing. Therefore, all these middle class families will have more than $250,000 in equity built up and are now being exposed to an additional 16% capital gains tax when selling their asset. Example investment type on current rental and cottage property earning of capital gains of $500,000. You’ll pay $125,000 on the first $250,000 and an additional $146,250 on the remaining $250,000. Totaling an additional $146,250.
Wait! My dad passed our generational farm to my brother who wanted to continue farming without being taxed. You mean if they were to do that now Trudeau would have taxed them?
9 years of this Liberal/ NDP coalition has created so much pain and suffering for Canadians and continues to do so with excessive taxes. We currently have the HIGHEST carbon tax and capital gains tax on planet Earth!!! This new tax will kill jobs, investments, small business owners, pensions and retirement investments, and physicians to name but a few major impacts.
Yes !! And it's really only a 5 year coalition--- jag elected in 2019. Prior to that liberals had a majority ..but absolutely started the deliberate des truck tion of Canada in 2015
If you’re planning on growing a business, don’t invest in Canada or the taxation system will destroy you like it’s destroying taxpayers lives in Canada now.
I want to live in a Canada that is free from liberals, and the unclean things of this world.
Doesn't Canada have a Communist party? Since 73. CGTN The Point-Hub-Heat, Einar Tangan-Martin Jacques-Lijinjing-Tian Wei. Reporterfy Media-Cyrus Janssen.
I hope our children and grandchildren and great grandchildren would never vote liberal ever. A Canada free of woke liberals and NDP would almost be a prefect country
We need centre left and centre right political parties.
It is the radicals left and right that can create a mess.
Uneducated or not paying attention voters are a problem.
@@ZebraAfricathere is no "Far Right" in Canada, just radical leftist.
@@ZebraAfrica just stop....there is no radical right, can you name who it is? because the right is pretty good at checking their most radical elements, The left is not, they encourage their extremists...quit acting like they're on the same level because they're not.
Trudeau and freeland lost their minds
Can’t lose what they never had…
Oh , no .They know exactly
They've had no mind- no sense only arrogance and Belittling to begin with - F^&king worst that creeps and crawls through HOC- They havent answered one F$%^*ng question in 8 years in the HOC. VOMIT.
Correction, Canadians have lost their minds, they voted for this 3 times so whose the real idiots
long time ago-but one thing they are not is to sucks taxes for their own pockets!
Freeland is the most condescending person I’ve ever seen
100% agree!
Imagine what it is like in her home!
Because she thinks she's smartermthan everyone.
MMMMEEEEEEETTHHHHHHHEEERRRRRRRR SPPPPPEEEAKER
@@Farm7889 Nazis everywhere.
All they’ve ever done is increase taxes
Given how they spend taxpayer $ like drunken sailors they have to. But remember, they borrowed money so we didn’t have to 🤣
Trudeau increased federal employees by 40% since 2015. Someone has to pay their bloated salaries and benefits.
Add in the millions of immigrants who don't work and the billions Trudeau sends to other countries like Ukraine.
Still spending 100:1 making sure we'll be in debt for 100yrs.
And look how *amazing* everything is
That's always been the Liberal way, since Day 1. Yet whenever the Conservatives get elected and are forced to cut programs in order to clean up the Liberal mess, idiots Canadians start reeeee-ing and vote the Cons out again. The system is as broken as a Liberal's brain.
More government is the problem, not the solution. She is describing how JT and her have to live.
Slight correction, it’s how they *want* to live. Interacting with peasants is just *so* yesterday…
I'd be willing to bet freeland is at the top of the traitors list
She holds a board position with the W.E.F
she's a rhodes scholar ....enough said
@@teddyruxspin8480 Sorrhodes scholar
@@georgesimon6041 👍
Unless it's trudeau.
How much taxation is enough?? Stop and consider: everything we earn, everything we buy, everything we save, is taxed. And it is never enough.
And it is all taxed again when we sell it.
@@Farm7889 and when we die. 😡
AND SOME ONE VOTED IN THE FLEECERS
When you invest money and rake a risk in the market with money that is already taxed they will tax you AGAIN on every cent you make.
When your investment goes to Zero: "Better luck next time"
The government are leeches. They will stick their hands in every cookie jar they can make a cent on.
And we all take it.
I'm not sure hwy we even have taxes seeing as how they just print money. Why dont they just print money to pay for everything?
'The problem is not that people are taxed too little, the problem is that government spends too much.'
• Ronald Reagan
While squandering or stealing ( not INVESTING) most of the taxes they collect!
Here’s a joke for you- the Liberal Government spends your tax money wisely… Bwahahahaha
@@GMan-t1sMy gambling addict father spends his money more responsibly than the liberal government.
He would 100% gamble all his money away and be on the street.
Give the liberal government all your money and guess what? You would also be on the street. No shortage of homless people right now, but how many of them had the joy of gambling tens of thousands of dollars away???? You dont even get that with the government. They just piss away your.money and you get angry
The NDP represents the opposite of democratic.
Especially to the financial institutions.
Do some researches. NDP is a communist party. They change their party name to mask their true agendas.
The "Never Democratic Party"
Communist party of canada
It's been said "Nuisance Party"
Spend like a bunch drunken sailers then have to pillage Canadians like Pirates
Wasted Spending of 35 billion on a pipeline for no gain caused because of CON stupidity .
On booze we've paid for!
Turd-eau should be fired and in prison for traitor
🇨🇦 Flush The Turd 🇨🇦
Freeland's propaganda is the same as the one I had been hearing in the USSR.
Her Grandpappy was a well known Nazi propagandist in Ukraine during WWII
Worse. In USSR they were openly komies.
She was literally depicting her administration vs the rest of us.....such hubris and folly.
Plain and simple LUNACY! if this is "The Canada" she believes we are heading towards why didn't she do this NINE YEARS AGO!!!???
Thank you Adrienne Batra, Brian Lilley and Warren Kinsella for this discussion. It’s comforting to know we have honest people reporting on these issues. I have great respect for you three!
Economy is sluggish " we are in a full recession just because the government is fudging the numbers doesn't mean every Canadian isn't feeling it ...
Most of the job vacancies created in the two years ate from government sector and not-for-profit organizations funded by governments, and the fund given by governments is from debt. This is not sustainable and put Canada in a deeper hole of recession.
@@davezhang8866
And you can be sure those gov’t jobs weren’t awarded based on merit.
I don’t believe anything she says!
Same. I cringe every time she starts speaking. I despise that woman.
I NEVER BELIEVE WHAT ANY POLITICIANS SAY
Neither does she!
Farmers should not pay capital gains.
No Canadians should paid Capital gain tax!
If we have to pay capital gains, then we should be reimbursed for capital losses.
Exactly. No one. OUTRIGHT THIEVERY!
@@afoolandhismoneychannel yeah so true! It's only work one way for the gov't!
Well sounds like they are making alots of money meanwhile they are crying they don't kinda sus !
It’s a power play. Capital gains is just another Canadian Slave Tax
DAH
Destroying the food chain and farmers is an important task the liberal NDP government is undertaking for the foreign power ( WEF) they are working for. Starvation is a tool they have embraced to help depopulate the planet by 6 billion people by 2030. Working against Canadians is the liberal NDP goal.
Freeland isn't going hungry or homeless maybe she is should go back to her home country and start from scratch with empty pockets and bank accounts.
Soon it will apply to family homes.
Yes, they have already mentioned it, so they are definitely thinking about it as this big amount coming from everyone selling off now, ends next year, so they need to find the money somewhere!!!
Thank god they won’t time for that!
Tax on tax on tax. And now more tax.
This government is so terrible. Just think how bad things have gotten in the last 9 years it’s crazy. Things I would never think were a problem 9 years ago are now a problem. A direct result from this federal government. Canada is effed.
A lot of things have gone wrong in the world that has affected the whole planet we live on but yup you are correct ,it's all the current governments fault .
We canadians need a snap election to save our economy
Every motion calling for an election has been blocked by the NDP.
Where's the governor general I 🤔 wonder?
The tax change needs to happen because we will own nothing and we will be happy.
So much damage done in such little time.
That speech was hysterical. She was naming all the things she has helped to break!
Freeland says there are good taxes and bad tax. No taxes are good.taxes..
Because every time the government tries to "help" someone, someone else must be hurt. Because in order to help Peter they must rob Paul.
100% agreed!
That's almost true...no liberal tax is a good tax because money is wasted. If a tax is bearable and money makes our lives better....it's a good tax. I don't mind taxes if it's for something that benefits all canadians. If it's for something to benefit just single moms that can't keep their legs closed.....bad tax!
You believe there should literally be no taxes whatsoever? Who pays for the military? The police? Are schools all privately funded?
@@jasondashney well you can tell Trudeau stop giving money away to other country 50 billion dollars when Canadians are homeless. If they taxes us then put it for good use instead of their own pockets and other countries!
meanwhile the barn is burning to the ground... the destruction just doesn't stop
It's by design. Forcing people to sell so big corporations can buy them up.
They will go after capital gains on primary residences next.
Just wait.
This is definitely where they’re headed at the behest of the WEF!
Yes...BLACKROCK..is waiting to pounce.....it was made clear that crooked Freeland was serving on the board for the WE F Filthy rich elites with a goal to letting traitorous people like Freeland to destabilize Canada by " INFILTRATING " our cabinet!
Good Lord this country is in such sad shape with Trudeau/Freeland driving the bus of a cliff. I miss the old Canada...and where prosperity wasn't treated as a guilt ridden inequality and sin.
This! is the kind of reporting this country needs!
AND WHERE DOES IT GET US. NO WHERE NEAR AN ELECTION
Reporting is one thing simply BASHING with NO cognizant viable solution , useless . Just like these three .
How about a gains tax on any politicians that accumulate wealth by insider trading and pay backs? Perhaps cut all the big pensions for all these clowns.
No politician should ever get a pension. They make more than enough being corrupt.
How about prison instead?
Then let’s have an election, so the people can decide if they really want this extreme tax. That’s true democracy. Not when you decide for us!
How much has this government given to Ukraine and other countries?
Trudeau just promised another 5 billion to Ukraine at the G7 so I think that brings our contribution to. 18 billion .😢
About 11 billion to support Biden's war. He just promised another 5 billion to rebuild what they tore down. Insanity.
@@tracyallen7020 Yep, that is exactly my point. The revenue they plan to collect from us will be very close to the same amount they have given to Ukraine via their favorite corporations. Bastards.
Need to pass a bill, no more foreign aid, period. Plenty of ways for people to donate on their own if they want to.
Not enough .
My mother in her 80s lives on about $40k a year in a modest apartment building that she and my deceased father built 60 years ago. The proceeds from the sale of that property is for her when she needs to have care.. she is very far from wealthy, and Trudeau just stole another 30% of her money from the capital gains that she will need from the eventual sale. These fkrs are evil.
9% but still
Same with my elderly father, who owns a couple of modest rental properties that give him enough cash to pay his rent and meals on wheels. What’s left of the capital gains will pay for his care.
@@KennethYimHomes it is a 30% increase from 50% to 66%, so yes, I should have said increase. But the difference is 16%, not 9%.
we need an election
Not happening. Every motion calling for an election has been blocked by the NDP.
As economist Art Laffer states, you can not tax your country to prosperity.
Now that Trudeau knows he's gone next year, we will see the fully unhinged Trudeau. Canada is in big trouble.
There must be a way Canadians can force an election. We pay the bills so we should be able to trigger it.
At the very least it shouldn't be possible for a party with 32% of the vote to run the place like they are. In this scenario it shouldn't be possible for 2 parties with so little of the vote to effectively have a majority.
Freeland should leave the country now…
And go back to Ukraine where she belongs!
Conservative ad about Freeland's rant is hilarious.
They raise taxes on Canadians and then turn around and gave 3 billion to Ukraine, how is that tax fairness for all Canadians, last time I checked Ukraine wasn't a province of Canada.
Howdy,
It's bad news for our Family Farm..
It’s bad news for all of us!
Kindergarten level of mental and emotional development. That’s a good diagnosis.
Freakland is a traitor...
The liberals need a visit from Rocco and Vinny.
And fat Paulie.
cement shoes
I'm SOOOO tired of ALL these taxes. It's exhausting. We're all becoming financially broke.
But we have billions for Ukraine!
shutup idiot
“But interest rates are at historic lows Glen”
But there’s 5 billion for Ukraine ?
Tax Justins Trust Fund
Creating misery and chaos is part of the plan, so they have an excuse to come after your liberties...
Everybody in Canada has to be financially responsible, except the prime minister. FJT and F quebec and Toronto for voting him in. Thanks, you have nearly ruined Canada.
Your welcome during the pandemic people got cerb the whiny west got a pipeline the gordie howe bridge may have started with Harper but which government is paying for it and on or tax forms it’s federal and provincial
Freeland and trudeau live a life of luxury already, and they fly all over the world! What an absolute joke these people are!
The new world super rich and Dirt poor No more upper middle class.
Immigration killed it all, I am seriously thinking of leaving this country for good
Need to go back to the old emigration laws that only permitted those who would enrich Canada and assimilate into our culture were allowed in
take me..seriously
A case of PMs and deputy PMs say the darnedest things. But they’re so desperate now that they’ll say anything hoping it’ll stick.
They have a spending problem
I wanna know how much she paid in taxes the last 5 yrs
I'm no longer a Canadian...i'm done with all governments in this crap country...i'm taking 5 acres of crown land in the middle of nowhere and going to live off the land...
LOL Let us know how you make out.
It’s only a matter of time that your primary residence will be taxed for capital gains. It will start slow and be at 50-60% in a decade.
In a year!!!
I've heard liberals talk about an "equity " tax. Surreal .
Interesting video. Thank you
RS. Canada
I can't afford to sell my house I bought 22 years ago due to capital gains tax.
For the past 12 years I have been moving around the country, renting wherever I found a job, renting out my home.
Recently I discovered I will have to pay capital gains on my only property, I'm not rich.
Packing my bags and leave
And he goes crying to his partners around the world that people who don't agree with this madness, are the enemy.
The Canada Freeland described is the one they’re creating
I took Trudeau seriously when he said he admires China, it made my hair stand up.
Budget balances itself, interest rates are the lowest ever and we do not need to worry about borrowing money. etc. Are Canadians listening? Do they understand what this means??
History lesson, history repeats itself. When people say they did not take Hitler's comments seriously, it reminds me of Germans (Nazi or not), did not take what he said in his book seriously about his ideas about Jews, including right wing German Jews.
She should remember that hell burns very hot and forever.
My God enough is enough I canceled Netflix lol
A good description of her self
Don’t they all live behind gates? I think she is talking about her own “class”.
Have you seen the rocket propelled grenade ( RPG) proof Chevrolet Suburban Trudeau travels in?
I am a Canadian who came from Hong Kong, which is now being messed up by the ccp.
In case the Liberals don't know it yet, they are very much alike to the ccp. If my memory serves me right, today's Liberals aren't the same as those three decades ago.
As for the top 0.10% living a luxurious life, good for them, especially if they have worked hard and taken business risks for it. I don't harbor any envy.
Besides, leaders who often seek to pitch one group of citizens against another, be it by income, wealth, race, gender, religion, or lifestyle, aren't good people. They are totalitarian commies pretending to be virtuous and caring. Always bad people.
Stay away from them.
Lots of us believed JT was an idiot early on and voted Conservative but there were too many women how loved his hair. 🙄
I love the idea of democracy and even liberalism because it gives the sense that everyone especially the weakest and disadvantaged will have their needs heard and addressed. This was how I was taught growing up. It sounded very noble. The reality I have discovered as an adult is that the vast majority of people are idiots who will vote the society into destruction. Intelligent critical thinkers are actually a relatively very small part of the public Sad but true reality. I really dont know if there is a way to fix it
Now they want 16 years old brainwashed kids to vote...
I voted Harper. When I was around 12 yrs old, I had asked an adult who she voted for and she said Mulrooney. When I asked why, she said because he was the nicest looking! WHAT! I was appalled. With Trudeau I saw the same thing, voting in a drama teacher over a masters in economics. Still scratching my head over that one!
Federal employees and immigrants vote for him. I am woman, and I never ever voted for him as I knew he was an evil person from the beginning.
PLease be clear average cost to pass on farm $1.1 million? 0r $3.3 million? Does it already cost $2.2 million to give your kids the farm????
If so, that is not alright and must change. FAMILY farms should be exempt from all taxes when passing the farm to a family member.
Unfortunately these are not laughing matters. The entire country should be up in arms against stupidity, incompetence and corruption.
But, as Joseph de Maistre said: "each nation has the government it deserves"
Of course it is
Liberalism at it best
I want to live in a Canada where we will never again have to listen/hear Freelands horrific grating voice!
What's stopping your move ? Money ?
The reason is they need more taxes because they maxed out the credit card.
Bull feathers!
A leading economist said that 50% of Canadians will be effected by this tax increase on capital gians.
BS anyone who has lived in a house for 10 to 20 years and sells it or trys to pass it to their child will be hit with at least 30% on anything over the $250k lifetime limit. if you bought a bungalow for $ 240k and sold it for 400k you would pay 30% on $160k . THATS $48k THEY COLLECT FROM YOU EVEN IF IT'S A TRANSFER WITH NO MONEY CHANGING HANDS THEY WILL FACTOR THE ASSESSED VALUE FOR CAPITAL GAINS TAX. Imagine if you have moved several times and have little to no exemption left. The government takes $120K FROM YOUR POCKET😢😢😢😢😢
@@joycegielfeldt806 Ok let me put plain and simple for you.
Most investment rental homes and cottages on the books were bought back 10 years plus, meaning that the large rise in equity has been built up due to the real estate bubble we've been experiencing.
Therefore, all these middle class families will have more than $250,000 in equity built up and are now being exposed to an additional 16% capital gains tax when selling their asset.
Example investment type on current rental and cottage property earning of capital gains of $500,000.
You’ll pay $125,000 on the first $250,000 and an additional $146,250 on the remaining $250,000.
Totaling an additional $146,250.
Block the tax havens for these 40 thousand and sorry Freeland they already in gated communities.
Wait! My dad passed our generational farm to my brother who wanted to continue farming without being taxed. You mean if they were to do that now Trudeau would have taxed them?
So when I worked I was taxed at 36% then off what is left another 12 to 17% then there is carbon tax and capital gains tax and . . . . . .
I look forward to watching this news column. It’s one of the best pieces of journalism in Canada. Thank you.
Release the names
I think Freeland is getting prophetic. Romania had a serious political problem in the 80's that ended up getting dealt with.
It is unpopular with any body that has to sell
There is a newspaer article in Prague saying the problem isn't Trudeau. It's the people that keep supporting and voting for him.
I’m waiting so bad for her to be in jail
She won't be.
9 years of this Liberal/ NDP coalition has created so much pain and suffering for Canadians and continues to do so with excessive taxes. We currently have the HIGHEST carbon tax and capital gains tax on planet Earth!!! This new tax will kill jobs, investments, small business owners, pensions and retirement investments, and physicians to name but a few major impacts.
Yes !! And it's really only a 5 year coalition--- jag elected in 2019. Prior to that liberals had a majority ..but absolutely started the deliberate des truck tion of Canada in 2015
They better get it Trudeau just gave 5 billion on a hand shake
Didn’t even get kiss
That’s why they have to tax us. For the Ukrainian patriot Friesland.
Funny how they dictated the increase then turn around right after and promise more billions to Ukraine
I can not understand this government!
It's crazy with capital gains tax coming in, i know of three Canadian company's that have been bought by American companies!
If you’re planning on growing a business, don’t invest in Canada or the taxation system will destroy you like it’s destroying taxpayers lives in Canada now.
Shouldn't Freeland's name be changed to Unaffordableland?
It’s also an inherent estate tax - on deemed disposition of your property on death. Good luck kids.
The only people who pay carbon taxes is the producers and the consumers and how many times is the consumer paying
Canadians need to overthow these clowns this is not a government this is a circus show
They need a bunch of panic selling to plug *some* of the gigantic holes in the budget…
Which will be gone in a year, then they come after us when we sell our principal residence!!!
Get rid of Trudeau, Freeland, and their group of ineptitudes
I would like to live in a Canada not governed by mythomaniacs