Of course it does. Lowering taxes on the GST is going away from leftism on taxes and it was a smart move.


And then on the other hand they raise my taxes if I sell the building?


I won't sell that building to just park the money in my bank account, I will sell it to deploy the capital into other development projects. Why disincentive me from doing so?


It's in Canada's best interest to see capital constantly deployed, sold, redeployed in real estate for more housing construction. The more you directly increase the cost of doing this process the less of it you get.

Well if you are making over 250,000 a year in capital gains - firmly in the top 0.13 - you should be well incentivized to continue making tonnes of money. What’s your plan, a long nap now that Trudeau both helped and hurt you?

We're talking about real estate since this is what this tax went right after.


Right now, if you waved a wand and said I could sell every single building I own and pay 0% in taxes. I would offload the entire portfolio. I would aggregate the cash and do more projects.


I personally own a building without any partners with $1M in capital gains. I flip flop between selling it or keeping it and the deciding factor to keeping it boils down to how much taxes I have to pay.


If I sold it, as a real estate crack head, I wouldn't just go buy GIC's or stocks with it, I would go do more development projects.

Take a nap?

I'm converting a building as we speak right now. Bought a semi commercial building last November and will be done with renovations for the final apartment mid May.

Last year I completed another commercial conversion project in a C area.


Give me more capital to work with and I will be doing more of these.

The capital gains inclusion rate is broad spectrum across the entire economy, it wasn't focused on real estate at all. When I speak about things like making income/capital gains/dividents all cost the same basic amount in taxes so there isn't an imposed bias one way or the other, this is thanking over the entire economy. There were billions of dollars of incentives for housing in the budget, though, that is a sector getting a tonne of privileged treatment which makes sense given the need for housing.

Sure, that's nice, but this isn't an argument for capital gains specifically. If you had a higher inclusion rate but a lower corporate tax, it would be the same thing. If personal income tax was less, the corporation can pay less in salaries for the same benefit to individuals and again have more capital to invest. Same for lowering the taxes on dividends. I gave an example earlier where because capital gains were previously less than other mechanisms of returning value to shareholders, that this incentivizes stock buybacks specifically over dividends as a mechanism. So yes, more capital in any industry creates the potential for more growth, but it is better to be tax neutral and lower rates than to be asymmetric.

Gotta love Calgary spend $5 million on consultants to come up with the new city slogan
Blue Sky City
#liberals

I don't know about spending 5 million but the old Be Part of the Energy was a terrible slogan.

Agreed but 5 million could you not have had high school contest or SAIT marketing students do a project .
Something to do with gateway to the mountains and who even needs a slogan

Politician lost the sense of value toward money .
Reminds me of the idiotic 5 millions given by Quebec to nhl in subsidies to have 2 nhl games in October …
As if they needed it .