Alcohol tax capped

[bellerivercrossbowhunter]

Alcohol users listen up! Lol

Finance Minister Chrystia Freeland says the federal government will cap the annual alcohol excise tax increase on beer, spirits and wine at two per cent for an additional two years.

The alcohol excise tax had been set to rise on April 1 by 4.7 per cent, tied to inflation, but Freeland announced on Saturday that the increase is being capped at the lower rate until 2026.

"In recent years, we've seen that the cost of key ingredients for beer ... are rising due to the impact of global inflation, and that's been a real challenge for brewers in Canada," she said.

[fishfood]

Higher taxs lol.
When they just keep printing money it's doesn't matter how much they tax us they will simply continue the money printing .
The usa is adding a trillion dollars every 100 days to it's debt . Our spending is off the charts too and we are just in the beginning stages. An out of control government without a budget falls on the taxpayers ,many who already can't afford it.

Who caused the inflation? If it was caused by the Ukraine war we now know who tossed the peace agreement into the garbage for the backing of the western world. They were the ones with a plan that failed miserably in an attempt to destabilize another country. In fact it did the complete opposite when the Russian economy grew more than any other g7 economy last year.

Any guess how much more taxes are coming? We need more schools, hospitals,transportation, government administration and other health services.

Not just for who is here now but an extra 3 million people coming in the next couple of years.


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[Marker]

Higher taxs lol.
When they just keep printing money it's doesn't matter how much they tax us they will simply continue the money printing .
The usa is adding a trillion dollars every 100 days to it's debt . Our spending is off the charts too and we are just in the beginning stages. An out of control government without a budget falls on the taxpayers ,many who already can't afford it.

Who caused the inflation? If it was caused by the Ukraine war we now know who tossed the peace agreement into the garbage for the backing of the western world. They were the ones with a plan that failed miserably in an attempt to destabilize another country. In fact it did the complete opposite when the Russian economy grew more than any other g7 economy last year.

Any guess how much more taxes are coming? We need more schools, hospitals,transportation, government administration and other health services.

Not just for who is here now but an extra 3 million people coming in the next couple of years.


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Printing too much money combined with a reduction in the supply of goods due to the covid closures caused inflation. This is what happens when politicians mess with the economy. Then, to add insult to injury they announce a reduction on gasoline tax while at the same time increase diesel tax. So, the outcome was to put more discretionary spending in the hands of the public while adding more costs to goods shipped by truck (ie everything). Both of which added to the upward pressure placed on the general market basket of goods (ie inflation).

Here is the volume of money printed in the US in the last decade:

https://tradingeconomics.com/united-...oney-supply-m1

M1.pdf

In order to determine the lasting effects of inflation on the prime rate we need to look as the desired rate of 2.5% (approx) and extrapolate that based on the current actual of 6-8% (approx) to predict how long the prime rate will continue to be as it is. Since inflation is 3-4 times what it should be there must be some years ahead where it is lower than 2.5% in order to average out, therefore for every year inflation is over the avereage there must be an equal and opposite year where it is lower than the average in order to acheive the desired rate of 2.5% (approx). So, for those looking to the immediate future for lower interest rates, I dont see that happening until some time after inflation is lower than 2.5%.

[longpointer]

Okee dokee ! So my takeaway on the alcohol tax break is I only get to cry two percent more in my beer ?

[bellerivercrossbowhunter]

They can raise it by 100% if they want, I don't drink anymore.... lol

[Roe+]

They need to cap the tax increases to zero and learn to live within their means. Why should the price of any product be over 50% tax? This government needs to go - right away!

[finsfurfeathers]

They need to cap the tax increases to zero and learn to live within their means. Why should the price of any product be over 50% tax? This government needs to go - right away!

Are you talking to all the public servants who constantly ask for more while demanding to work less. I'll gladly vote for the first government that says zero tax increases and learn to live within their means

[fishfood]

Look at the direction the tobacco industry has gone, tax it to death and people will find another way. Interesting if you look at the overall tax on cannabis which was said to be a great revenue stream once it was legalized. Id really like to find a straight Forward breakdown of where all the dollars go just like they used to show on the gas pumps.

Keep squeezing the market and I'm betting theft and associated black market sales start to rise.

I could be mistaken but I think they are saving that money from the weed. K I was wrong and the unused money was from the government profits of sales. https://policyoptions.irpp.org/magaz...abis-revenues/

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[fishfood]

Printing too much money combined with a reduction in the supply of goods due to the covid closures caused inflation. This is what happens when politicians mess with the economy. Then, to add insult to injury they announce a reduction on gasoline tax while at the same time increase diesel tax. So, the outcome was to put more discretionary spending in the hands of the public while adding more costs to goods shipped by truck (ie everything). Both of which added to the upward pressure placed on the general market basket of goods (ie inflation).

Here is the volume of money printed in the US in the last decade:

https://tradingeconomics.com/united-...oney-supply-m1

M1.pdf

In order to determine the lasting effects of inflation on the prime rate we need to look as the desired rate of 2.5% (approx) and extrapolate that based on the current actual of 6-8% (approx) to predict how long the prime rate will continue to be as it is. Since inflation is 3-4 times what it should be there must be some years ahead where it is lower than 2.5% in order to average out, therefore for every year inflation is over the avereage there must be an equal and opposite year where it is lower than the average in order to acheive the desired rate of 2.5% (approx). So, for those looking to the immediate future for lower interest rates, I dont see that happening until some time after inflation is lower than 2.5%.

It's possible that the rate hikes are not done yet. With everything going up next month it's not going to paint a pretty picture. The sad reality is that Canada's standard of living hasn't grown in 7 years driving the middle class further apart.

Apparently the rcpm is concerned about younger people under 35 never owning a home. From a scanning report.

""
One of the concerns law enforcement is warning about is the impact of eroding economic conditions. Especially when it comes to young adults.

“The coming period of recession will also accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,” reads the report.
“For example, many Canadians under 35 are unlikely to ever buy a place to live. The fallout from this decline in living standards will be exacerbated by the difference between the extremes of wealth, which is greater now in developed countries than it has been at any time in several generations,” warns the RCMP.""

When the majority of the gdp is government spending you don't get a prosperous country. There are a few other things I would call it lol.

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[fishfood]

They can raise it by 100% if they want, I don't drink anymore.... lol

Yeah we don't drink enough either to feel this tax. I'll feel all the hidden ones that will be everywhere else lol.
Good thing we know how to shop smart especially when it comes down to the meats. Just grabbed 14 racks of back ribs total cost 26 bucks to us lol. The only way we buy our chicken lately is whole birds at 1.99 a pound. We cut up and process it ourselves 50 pounds of chicken turns into 60 pounds of frozen products in the freezer after broth. paid as little as 20 bucks for one of those days. It's about 4 months of meals if we have chicken twice a week. By using our PC points on meats only when a good sale hits.

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