Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan.
I’m fine with a lower inclusion rate if we cap it at a fixed dollar threshold.
If you make $1M in a year from capital gains, just tax it 100% as income.
The real problem with this is executives getting paid primarily in stocks and paying a lower average tax rate than the middle class because 50% (currently 33%) is excluded.
Also, Freeland being the #2 in Trudeau’s government, and all her policies being to undo the things they did looks bad to me. I can’t shake that either she was ineffective or they were just bad ideas.
I’m voting NDP, but after that shameful instance of childish name calling on Singh’s part. Idk. I don’t really have anything against him, from what I’ve seen and read he’s not doing too bad a job in the leadership role. Would have been better if he’d been a bit more mature, and not stooped to the same shenanigans as little PP. It’s a bad look. He had the chance to be the adult in the room, but flubbed it.
If anyone has any reliable sourced reporting re: Singh doing well or poorly, I’d be interested in seeing it. I would prefer to be an informed voter.
We’ve been flip-flopping back and forth on Conservatives and Liberals since forever. No one’s happy.
If it weren’t for the NDP agreement with the Liberals we wouldn’t be getting dental care, which comes in to effect for the rest of Canadians this year, and pharmacare which is supposed to come later.
These are real tangible benefits that every Canadian will be able to see and feel and that means more to me than a carbon tax.
You’re worried about Singh name-calling? The dude is getting our teeth fixed and he’s not even PM. Focus on the real things.
Getting paid in stocks doesn’t affect how much income you report though. Shares are taxed as income as soon as they vest, and options are considered income when you exercise them at the difference between fair market value and the strike price.
It is only additional capital gains after that point that are taxed at the reduced rate because it is the same starting point as if you bought the shares on the open market.
I’m fine with a lower inclusion rate if we cap it at a fixed dollar threshold.
If you make $1M in a year from capital gains, just tax it 100% as income.
The real problem with this is executives getting paid primarily in stocks and paying a lower average tax rate than the middle class because 50% (currently 33%) is excluded.
Also, Freeland being the #2 in Trudeau’s government, and all her policies being to undo the things they did looks bad to me. I can’t shake that either she was ineffective or they were just bad ideas.
There’s nobody good to vote for.
Singh it is, then.
I’m voting NDP, but after that shameful instance of childish name calling on Singh’s part. Idk. I don’t really have anything against him, from what I’ve seen and read he’s not doing too bad a job in the leadership role. Would have been better if he’d been a bit more mature, and not stooped to the same shenanigans as little PP. It’s a bad look. He had the chance to be the adult in the room, but flubbed it.
If anyone has any reliable sourced reporting re: Singh doing well or poorly, I’d be interested in seeing it. I would prefer to be an informed voter.
Well, it’s like this:
We’ve been flip-flopping back and forth on Conservatives and Liberals since forever. No one’s happy.
If it weren’t for the NDP agreement with the Liberals we wouldn’t be getting dental care, which comes in to effect for the rest of Canadians this year, and pharmacare which is supposed to come later.
These are real tangible benefits that every Canadian will be able to see and feel and that means more to me than a carbon tax.
You’re worried about Singh name-calling? The dude is getting our teeth fixed and he’s not even PM. Focus on the real things.
Totally fair. And this is exactly the type of thing I was asking for.
Hard to keep perspective sometimes.
While I do not want to vote for Singh, the leader, I would vote for the NDP candidate in my riding if the polls don’t show them far behind.
For better or worse, in Canada we don’t vote for PM, it goes to the leader of the party.
Both the other parties are clearly in the pocket of corporations. The NDP held the Liberal’s feet to the fire and got us dental care.
That alone is reason enough to vote for them in my opinion.
No disagreement.
We’ll see. I’m interested in Carney, he’s saying the things I wanted to hear from the liberals for years.
Perhaps not good but less bad is what we look for.
Getting paid in stocks doesn’t affect how much income you report though. Shares are taxed as income as soon as they vest, and options are considered income when you exercise them at the difference between fair market value and the strike price.
It is only additional capital gains after that point that are taxed at the reduced rate because it is the same starting point as if you bought the shares on the open market.