Not really. What is ABSOLUTLEY RIDICULOUS is a person who bought a home in Van or Ontario for 800k with 150k down payment in 2014 (while an engineer was earning 120k per year gross) re-listing the same exact home with zero renovation, coat of paint, spending money to change a freaking light bulb but a massive grin, for $2,699,000 and turning his 150k down payment into $2,050,000, basically won the lottery. And the same engineer, lawyer, clinician, welder ect building this country who was making 120k in 2014 currently earns 150k gross which is about a 15k net increase in 10 years. He has about 200 more years of saving his extra income to make 2,000,000 to catch up to the VOMIT INDUCING Government INTENTIALLY PRODUCED hyper inflation in RESIDENTIAL housing! No where on earth has this crap happened at this level NO WHERE but Canashite...
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
I think your wrong and this will encourage people to offload their investment properties. Most people that bought in 2017 are barely cash flowing and maybe breaking even. There is too much risk when you can put the money in the stock market or Gic and not deal with tenants not paying. Also corporations will sell off their properties and go to other countries such as the Usa. Properties dont cash flow anymore lol especially condos and their maintenance fees.
The budget presented is not good. It’s more spending and more taxation. If my wife and I spent money like the Liberals or Trudeau we would be bankrupt long time ago.
Trudeau says it is question of fairness. If that is the case why he did not he raise capital gains tax 9 years earlier during his first budget. It was not fair then and it is not fair now. Canada will lose investments which will be more than the taxes Trudeau will be collecting. Ripple effects on our economy will be drastic . Both Trudeau and Freeland needs to take high school level courses on economics. It is very sad when we choose politicians who are not qualified to their job. Both would have been thrown out if they worked for a private company.
Good video, but I don't think people sitting on $400,000+ in capital gains on condos bought before 2017 are going to let a slightly higher tax prevent them from selling if they want to just divest for life purposes, financial reasons, etc. It's still a *huge* amount of cash
Thats if the budget goes through But singh will pass it of course You don sell a property because of taxes If you have had it a long time. And if it creates a supply issue even more so
Despite all the financial struggles i and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
Such a genuine personality!!, Sincerely speaking. I will continue to trade and stick to Angela Danielle daily signals and guides as long as it works well for me🇮🇪😇😇
I did, as many other wise individuals did too, because I saw all this sh-- coming. It gets worse every year and Canada has become totally uninteresting as a country. Total waste of energy, time and money....
Not all landlords are "rich". But since 80 percent of Gen-Z families don't qualify for a mortgage loan, they MUST become tenants. So wait a few more years and you'll see who is crying. It won't be the landlords. The lesson in all this for the federal government is that you cannot tax your way into prosperity.
"fair share" you got sucked in by Trudeau, what is supposed to be "rich" is inflation, I could live without it. No inflation, no capital gains. I have a small second home, want to leave it to my grandkids, capital gains because inflation jacked up the numbers. The tax is real dollar, where are they supposed to come from ?
![[#2024MAMA] G-DRAGON - 무제(Untitled, 2014)+POWER+HOME SWEET HOME+뱅뱅뱅+FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/Ox29z5Nf1Uk/mqdefault.jpg)
We need the election now
Absolutely ridiculous. This increase in capital gains tax is atrocious.
Not really. What is ABSOLUTLEY RIDICULOUS is a person who bought a home in Van or Ontario for 800k with 150k down payment in 2014 (while an engineer was earning 120k per year gross) re-listing the same exact home with zero renovation, coat of paint, spending money to change a freaking light bulb but a massive grin, for $2,699,000 and turning his 150k down payment into $2,050,000, basically won the lottery. And the same engineer, lawyer, clinician, welder ect building this country who was making 120k in 2014 currently earns 150k gross which is about a 15k net increase in 10 years. He has about 200 more years of saving his extra income to make 2,000,000 to catch up to the VOMIT INDUCING Government INTENTIALLY PRODUCED hyper inflation in RESIDENTIAL housing! No where on earth has this crap happened at this level NO WHERE but Canashite...
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Wow, I'm supprised Stacey Macken is being mention here. I started off with 5K.... Now with massive portfolio highly recommended...
This Woman has really change the life of many people from different countries and am a testimony of her trading platform
I met Stacey Macken at a conference in 2018 and we have been working together ever since.
Can anyone please clarify if this new regulation is already approved and effective from june 25, 2024? Thanks
you are wonderful. 100% your right!!
My boss was lucky. He sold the business last year in 2023 for many many millions so , he saved 16,% ...
What if keeping the property longer but the capital gain inclusion rate increases again in the future?
Vacancies will be taxed more forcing you to rent, love that.
You want to scam others because they scammed you in this pyramid scheme?
I think your wrong and this will encourage people to offload their investment properties. Most people that bought in 2017 are barely cash flowing and maybe breaking even. There is too much risk when you can put the money in the stock market or Gic and not deal with tenants not paying. Also corporations will sell off their properties and go to other countries such as the Usa. Properties dont cash flow anymore lol especially condos and their maintenance fees.
When the investor escape the country ,not goodness.. who is bringing money here..this ????
The budget presented is not good. It’s more spending and more taxation. If my wife and I spent money like the Liberals or Trudeau we would be bankrupt long time ago.
do we also pay capital gains tax on principal residence too if we sell?
No.
Good analysis
Trudeau says it is question of fairness. If that is the case why he did not he raise capital gains tax 9 years earlier during his first budget. It was not fair then and it is not fair now. Canada will lose investments which will be more than the taxes Trudeau will be collecting. Ripple effects on our economy will be drastic . Both Trudeau and Freeland needs to take high school level courses on economics. It is very sad when we choose politicians who are not qualified to their job. Both would have been thrown out if they worked for a private company.
Capital gains on inherited property ?
Good video, but I don't think people sitting on $400,000+ in capital gains on condos bought before 2017 are going to let a slightly higher tax prevent them from selling if they want to just divest for life purposes, financial reasons, etc.
It's still a *huge* amount of cash
This is the problem with capitalism and greed.
Thats if the budget goes through
But singh will pass it of course
You don sell a property because of taxes
If you have had it a long time.
And if it creates a supply issue even more so
cant help
This tax will kill economic.?????wants ruin canada.😢😢😢😢
Despite all the financial struggles i and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
Wow! Kind of in shock you mentioned expert, Angela danielle crowe. What a coincidence!!
Angela Danielle has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of life's
I use to work 3 jobs, full time at Walmart, a server at night and Lyft on the weekend, untill angela danielle crowe change my story.
Such a genuine personality!!, Sincerely speaking. I will continue to trade and stick to Angela Danielle daily signals and guides as long as it works well for me🇮🇪😇😇
This sounds so good and I would like to be a party to this, is there any way I can speak with her?
°I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided
by a widely known crypto
consultant
Mrs Kathy Lynne Colby
This is correct, Kathy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
Please do you mind sharing any means of reaching out to her easily?
Flee Canada, hopeless😢
I did, as many other wise individuals did too, because I saw all this sh-- coming. It gets worse every year and Canada has become totally uninteresting as a country. Total waste of energy, time and money....
@@CarolinapetroskaGood! Eff off and stay effed off.
Leave the country, this is my advice and thanks for great video .
Okay then u leave see ya
@@dwights1024 Enjoy the taxes lol , bye
time to sell and leave the country?
no u dont
if investors don't sell or rent, they are losing money. Greedy investors won't lose money.
Ignorance at its finest right here
Great, all social democracies tax capital gains, no free ride for the rich!
Rich people crying they don't want to pay their fair share, eat the rich
Not all landlords are "rich". But since 80 percent of Gen-Z families don't qualify for a mortgage loan, they MUST become tenants. So wait a few more years and you'll see who is crying. It won't be the landlords. The lesson in all this for the federal government is that you cannot tax your way into prosperity.
"fair share" you got sucked in by Trudeau, what is supposed to be "rich" is inflation, I could live without it. No inflation, no capital gains. I have a small second home, want to leave it to my grandkids, capital gains because inflation jacked up the numbers. The tax is real dollar, where are they supposed to come from ?