Trudeau and the Liberals are increasing taxes for the 40,000 richest Canadians while providing exemptions and reductions for small business owners. This is a win for everyone. #budget2024 #canada #cdnpoli #canadiantax #capitalgains #capitalgainstax #canadian #canadianpolitics
@TheFrankDomenic Suppose you sell an investment property. Your capital gains are $1,000,000. Under the old method, you lose (up too, probably less than ) $250,000 to taxes. Under the new method, you lose (up to, probably less than) $311,000 to taxes. Not that bad.
@TheFrankDomenic Omg, this is why, people with wealth, we’ll leave Canada! I’m planning as well leaving in the next 2 years! Federal government will need to increase middle class to contribute the loss of my income tax! And I’ve start already invest offshore with fiscal structures!
@TheFrankDomenic This would be a great video for the FB crowd. Are you able to post it there as well please?
@TheFrankDomenic Oh... you're so wrong but you're young and still an ableist so... you don't know better. Disappointed in you though. #PeopleWithDisabilities
@TheFrankDomenic So what happens when the rich people that don’t want to pay tax leave? The country pays the tab. The most we have ever gotten from a government is the reduction of GST but we’re still paying income tax to fund WW2.