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 .

so the polls are in and 50% of the folks think its a bad budget. 21 % think its good

Funny it was only a short time ago Trudeau said housing not a federal responsibility and now he is building 4 million homes by 2030. Its like planting 2 billion tress its never gonna happen but sounds great
Even the CTV host says its total BS

Mulcair doesnt think Trudeau runs again but admits with his ego who knows

I get the big old Climate scare but the province of BC baffles me

They have a 12% sales tax or fossil Fuel tax on all gas appliances, furnaces and fireplaces and will ban these all in 2030. They are 100% all in on Electrical power. Problem is they do not have enough electrical power and in many parts of BC heat pumps will not do the trick when it gets colder than minus 20 .

Also BC imports power from Alberta which is powered by coal and NG. So if all the snow caps are melting or disappearing will those rivers powering those damns run out

On a lighter note drove to Lethbridge and there must have been a 1000 wind turbines around pincher creek. Great idea tons of wind in that area

7 Ways to kill the CDN Dream

https://nationalpost.com/opinion/let...udeau-liberals

Yawn

So Pierre gets kicked out of parliament for calling Trudeau a Wacko but Trudeau just earlier called Pierre Spineless and nothing

Speaker is biased as hell

Liberals calling it right wing rhetoric

Lol at poilievres little temper tantrum. He didn’t get kicked out for his clearly unparliamentary language, unable to control himself, but for failing to follow parliamentary procedure and withdraw the comment. Instead he insisted at throwing more barbs in each time.

Transmountain pumping oil. Yet another promise fulfilled by the liberals in support of albertan oil.

Did you seen what it's going to do for Canada's GDP? It's also good for the oil industry/world and will increase production in the oil sands. Yet another example of the carbon tax saving the world.

Ya, it'll do big numbers. Great example of fearless leadership by our PM to put Canadian oil, Canadian jobs, and the Canadian economy first. At this point we should make a new acronym YATPA, Yet Another Trudeau Promise Accomplished.

Good article talking about how the easy-to-report top line number sometimes hides that this is really a very good deal for taxpayers even with cost overruns etc: https://thehub.ca/2024-04-30/trevor-...h-every-penny/

Why should he when the PM can call him spineless

Typical Liberals years late and 4 times over budget. If they just didnt stand in the way of the private sector

Fergus ALSO interjected against Trudeau for saying spineless. Remember, Poilievre wasn't ejected for saying wacko, he was ejected for refusing in his temper tantrum to follow the speaker's completely reasonable request. And to be fair, refusing to condemn the diagalon hate group Poilievre spoke with is pretty spineless.

Yeah and everything Trudeau has done to destroy the country is Wacko. I did not see the speaker ask Trudeau to recall his spineless comment

I have no clue who Diagalon .

Read UKE again cause I think u missing lot of info on the difference between the 2 .

Of course and you never will being stuck in an echo chamber …

Since the beginning the private sector wouldn’t of done it or buy it in 2018.
Nice try tho .