5846 replies to this topic

[Mike K.]

The Liberals are saying this is nothing but ideas from town halls. ...because Canadians want to tax themselves more, right?

https://ipolitics.ca...incumbent-says/

The agenda was exposed and now the covering begins.

[Benezet]

Yes: https://www.conserva...tax-homeowners/

No. https://ipolitics.ca...incumbent-says/

‘“It’s a blatant misrepresentation of a document that if they just read it twice they would come to the same conclusion the rest of the world has,” said Vaughan, who had been the Parliamentary Secretary to the Minister of Families, Children and Social Development in the recently dissolved government.‘

[Mike K.]

For heaven’s sake, Benezet.

[Benezet]

Haha, no, I mean is there a source for this info other than the conservatives website during an election.

Matt.

It is the source.

[Mike K.]

Did you not read the link you posted?

The Liberals acknowledge that this is part of the national housing conversation. What they choose to call it is irrelevant, it’s on the table.

[Benezet]

‘“This was never a proposal, it’s a bad idea and we chose to do different things and you can see it in our housing policy,” Vaughan said.’

[Mike K.]

For anyone who lives and breaths housing policy and related taxation the capital gains tax falls within the regime the Liberals have already instituted with the recording of home sale transactions on tax returns. That isn’t for fun and games, it’s a foundation on which tax policy will be drafted and now we know what that policy is: capital gains taxes on primary residences, the last bastion of untapped resources for a money-starved liberal government.

[Mike K.]

‘“This was never a proposal, it’s a bad idea and we chose to do different things and you can see it in our housing policy,” Vaughan said.’

Except that “never a proposal” was written on a document titled “policy proposal.”

The comedy writes itself. From your link:

Though the page is labelled as a “policy proposal,” Vaughan insists it was simply something that came out of town halls he held.

I insist, I tell ya! Insist! That policy proposal wasn’t a policy proposal!! Scheer is Harper! Harper Harper Harper!!

[Mike K.]

Meanwhile the mainstream press has been conspicuously quiet on this issue. Is it because they fear losing their Liberal handouts if the Conservatives come into power? Are they waiting for a directive from the PMO?

We’ll never know, since the industry is now tainted with government money.

[lanforod]

I posted the letter here, not because the Liberals have it in their campaign, as if they did they'd never get elected, but more because it's even part of their conversations. I have little doubt the NDP would do this if they got in (not gonna happen).

[Mike K.]

They got caught. And now the covering begins.

Like I said, this is just the first step. They’ve got a few more tricks up their sleeves to recover taxes from principle residences.

It’s obvious what Scheer will do as the housing battle lines are drawn:
- return of 30 (35?) year insured mortgages
- nixing of the stress test
- absolutely no capital gains on your PR

[spanky123]

For anyone who lives and breaths housing policy and related taxation the capital gains tax falls within the regime the Liberals have already instituted with the recording of home sale transactions on tax returns. That isn’t for fun and games, it’s a foundation on which tax policy will be drafted and now we know what that policy is: capital gains taxes on primary residences, the last bastion of untapped resources for a money-starved liberal government.

 

Sorry to disagree with you Mike. It isn't the last bastion, they still have the dividend tax credit, stock option tax credit and general capital gains taxes to muck with as they have tried in the past. 

 

When the Liberals were first elected and many people were cheering the tax surcharges on the 'wealthy', I pointed out that you needed to be careful on what you wish for and that the day would soon come where the definition of 'wealthy' became anyone who owned a home, owned a small business or saved their money. That reckoning is soon coming.

 

It wasn't too many years ago that in order to collect EI you had to show that you were looking for work or undertaking retraining, or to collect disability you had to meet ongoing assessment standards and make an effort to adapt to what you could do. Since we dropped those requirements the participation rate in our workforce had declined each year as the population ages and skilled immigration declines. Taxing the productive class to give more and more freebies to the unproductive class isn't going to end well.

[Mike K.]

Yes, you’re absolutely right about that. With homeowners (aka individuals indebted to a lender) now being described as the “housing privileged” we are indeed trending towards a completely new taxation regime levied against those who were able to qualify for a mortgage to begin building an asset and securing their own financial safety net.

Adding to your list above the government-assisted/subsidized housing industry is becoming a defacto housing industry in competition with the private housing industry, not merely a provider of temporary housing solutions with the goal of helping people transition into market housing.

[rjag]

‘“This was never a proposal, it’s a bad idea and we chose to do different things and you can see it in our housing policy,” Vaughan said.’

 

So why did they implement the proceeds of your principal residence on your tax return 3 years ago?

 

https://www.canada.c...ndividuals.html

 

This is step 1 of taxation on the gains in the sale of your principal residence. 

 

Vaughans report is the concept but the foundation is being laid and we are all sheep if we dont call this out.

 

Governments at all levels are on the hunt for more cash and this is the biggest cash cow that has never been tapped into

[Mike K.]

The media's silence on this matter is absolutely deafening.

 

How much longer until they act on this? Monday?

[vortoozo]

Yeah it's just good for normal, middle class transit users so naturally the left doesn't like it. Not woke enough.

 

It doesn't help take cars off the road. Scheer framed the credit as part of his climate action plan. That's blatantly incorrect.

[Mike K.]

What’s incorrect about it?

[Mike K.]

Here’s the pickle about the transit credit: it ate into federal gas tax revenues when that 0.3% of additional users switched to public transit. The Liberals needed that money, so they took the credit away under the guise that it was ineffective.

Victoria’s bike lane usage represents an incredibly small portion of the population. Should we close them down because they’re ineffective? The volume of transit riders impacted by congestion from the lanes far, far outnumber cyclists in this region.

[todd]

Still amazed the Liberals in Victoria got more votes in 2015 then 2011 even though the 2015 Liberal candidate dropped out citing her own racist remarks.

 

https://www.cbc.ca/n...s/results-2015/

[Victoria Watcher]

i remember a new young voter telling me how she was so happy to have voted for the first time ever and voted for trudeau.  i did not have the heart to tell her she voted for a non-candidate.