Smallc Posted April 4, 2016 Report Posted April 4, 2016 He has to get MPs to vote for it. This is a battle that while importantly symbolic, would waste capital with his own people. Quote
overthere Posted April 4, 2016 Report Posted April 4, 2016 Yup that's a good idea. Or you could allow one tax free sale per decade. That would allow people to still retire on money they take out of their homes by downsizing. But really... Id be fine with taxing ALL of those capital gains. Taxing all home sales would crush the residential construction industry, as far fewer people would move. Moving is bad enough,also facing a huge tax bill would be crippling. Think also of the effect on job mobility. There is not much wrong with current taxation with flipping except enforcement. CRA does not have a specific time limit, but taxes are payable if any pricinpal residence anytime is sold with the intent of profit. If you are a flipper, you should pay. Quote Science too hard for you? Try religion!
overthere Posted April 4, 2016 Report Posted April 4, 2016 Yes I know, but still poor optics. He should stand up and cancel them. Why? Canada is not in recession. Quote Science too hard for you? Try religion!
Wilber Posted April 4, 2016 Report Posted April 4, 2016 Why? Canada is not in recession. Then why do we need 113B in deficits over the next 5 years? What on earth will they do if there is a real recession? Quote "Never trust a man who has not a single redeeming vice". WSC
Smallc Posted April 4, 2016 Report Posted April 4, 2016 Then why do we need 113B in deficits over the next 5 years? That's already looking less and less likely. Quote
Wilber Posted April 4, 2016 Report Posted April 4, 2016 That's already looking less and less likely. So their budget is BS less than a month after they put it out? Quote "Never trust a man who has not a single redeeming vice". WSC
Argus Posted April 4, 2016 Report Posted April 4, 2016 That's already looking less and less likely. I'm betting that if revenue increases they will find other things to spend it on. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
Smallc Posted April 4, 2016 Report Posted April 4, 2016 (edited) So their budget is BS less than a month after they put it out? No one was expecting the recent economic numbers for January. They just kind of...happened. I'm betting that if revenue increases they will find other things to spend it on. I'm betting you pulled that out of nowhere. Edited April 4, 2016 by Smallc Quote
Wilber Posted April 4, 2016 Report Posted April 4, 2016 No one was expecting the recent economic numbers for January. They just kind of...happened. Quote "Never trust a man who has not a single redeeming vice". WSC
Smallc Posted April 4, 2016 Report Posted April 4, 2016 Why is that funny? No private sector economist was expecting that Canada would be stronger than the US in Q1. Quote
Wilber Posted April 4, 2016 Report Posted April 4, 2016 Why is that funny? No private sector economist was expecting that Canada would be stronger than the US in Q1. You are basing your five year guess on one month's or even one quarter's numbers? That's not funny? Quote "Never trust a man who has not a single redeeming vice". WSC
dre Posted April 4, 2016 Report Posted April 4, 2016 Then why do we need 113B in deficits over the next 5 years? What on earth will they do if there is a real recession? Recession is a technical term. We aren't experience negative growth yet but we have the worst economic conditions in more than 20 years. Whether its a technical recession or not is immaterial. Quote I question things because I am human. And call no one my father who's no closer than a stranger
Smallc Posted April 4, 2016 Report Posted April 4, 2016 You are basing your five year guess on one month's or even one quarter's numbers? That's not funny? Over the 5 years, the Liberals have built in a $30B downside cushion. If we get early growth that is better than expected, it affects everything down the line in a big way. With Q1 Growth of 3 -4%, we could be looking at that $30B cushion becoming a $40B cushion. Quote
dre Posted April 4, 2016 Report Posted April 4, 2016 You are basing your five year guess on one month's or even one quarter's numbers? That's not funny? Even based on the last round of projections the 113 billion number was likely to be an overestimate to the tune of about 30 billion dollars. Quote I question things because I am human. And call no one my father who's no closer than a stranger
Wilber Posted April 4, 2016 Report Posted April 4, 2016 Even based on the last round of projections the 113 billion number was likely to be an overestimate to the tune of about 30 billion dollars. So it was BS. Quote "Never trust a man who has not a single redeeming vice". WSC
Smallc Posted April 5, 2016 Report Posted April 5, 2016 So it was BS. There's usually a $3B per year contingency built into the budget. In the name of prudence, given the current economic climate, the Liberals extended that to $6B. Think of that as you will. Quote
Wilber Posted April 5, 2016 Report Posted April 5, 2016 There's usually a $3B per year contingency built into the budget. In the name of prudence, given the current economic climate, the Liberals extended that to $6B. Think of that as you will. You call it prudence, some would call it a lack of confidence in their own numbers. Quote "Never trust a man who has not a single redeeming vice". WSC
Smallc Posted April 5, 2016 Report Posted April 5, 2016 You call it prudence, some would call it a lack of confidence in their own numbers. We're talking about a margin of 2% rather than a margin of 1% on a $300B budget. Quote
Wilber Posted April 5, 2016 Report Posted April 5, 2016 Well since it went up 300% between November and March and now you are saying it will be less than they were saying last month, I know what I think. Quote "Never trust a man who has not a single redeeming vice". WSC
dre Posted April 5, 2016 Report Posted April 5, 2016 You call it prudence, some would call it a lack of confidence in their own numbers. They're projections. Economists are barely more than fortune tellers and nobody has complete confidence in ANY long term predictions. Quote I question things because I am human. And call no one my father who's no closer than a stranger
Smallc Posted April 5, 2016 Report Posted April 5, 2016 Well since it went up 300% between November and March The baseline numbers got a lot worse, using their worst case scenario. Quote
Wilber Posted April 5, 2016 Report Posted April 5, 2016 Meaning they make it up as they go along. Quote "Never trust a man who has not a single redeeming vice". WSC
Smallc Posted April 5, 2016 Report Posted April 5, 2016 Meaning they make it up as they go along. If you mean they, as in everyone, well, yes. Quote
dre Posted April 5, 2016 Report Posted April 5, 2016 Meaning they make it up as they go along. Yawwwwwwwwwwwwwwn... Quote I question things because I am human. And call no one my father who's no closer than a stranger
Wilber Posted April 5, 2016 Report Posted April 5, 2016 Yawwwwwwwwwwwwwwn... Exactly. In six months their estimated deficit has gone from 10B to 30B and now, according to you, 20B. If that isn't flying by the seat of their pants I'm not sure what would be. Quote "Never trust a man who has not a single redeeming vice". WSC
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