A Portend Of A Future To Come...?

[Eddy]

We've all read where there are supposedly trillions of dollars in Canada that are currently locked away & held-up in soon-to-be inheritance & legacy bequeaths across Canada, & away -- without considerable & imaginative effort for the most part, anyway -- from the wringing hands of that covetous crowd that's housed at the Canada Revenue Agency.

But what if this cash-starved Trudeau-Singh oligarchy was to be suddenly inspired to enact into law some sort of an iron-clad formal flat-rate inheritance tax...? For argument's sake, let's assume that this tax rate would be 40%. OK. That would automatically mean than your favourite wealthy, single uncle Billy -- who favoured you above all others in his will -- still won't be able to escape the long arm of the tax man, even in death. Well, not directly, anyway.

That one-time $1 million cash allowance with your name attached to it...? Yours -- or whatever's left, after your writing a cheque to the C.R.A. for $400K, first. As for that $100K vintage Corvette sports car from the 1950's that he knew you admired so very much...? You can keep it --- after paying the C.R.A. $40K, first. And that $2 million cottage-villa of his up in Muskoka...? You can keep it -- but only once you've forked-over the government's share of $800K. 

Sweet deal, eh...? But impossible you say...? Can never ever happen...? Hmmm...I seem to recall Canadian folk musing aloud just exactly like that about the General Sales Tax some years ago, & the Carbon Tax only just recently, too.

So who was it that said we need a vibrant natural resources base in Canada to financially insure the federal government's good oversight of public programmes, when we have this great "natural resource base" for the likes of Justin Trudeau to generously share with his many pet personal causes...?