Fed Issue #47 - Liberal tax increases affecting all business and more liberal lies.

[mosquito]

Liberal's lying about the tax changes and their impact .... duh... of course they did.

Some of the changes are retroactive or Jan1/2018 and include things like an 87% tax on some estate items...... and of course screwing the "Middle Class" again.


Private Corporation Tax Proposals Unquestionably Harm "Middle-Class" Business Owners
http://www.mondaq.com/canada/x/62469...usiness+Owners
Finally, the penalty for inadvertently falling into these rules is disproportionately harsh for a "middle-class" family, as the consequence may be over 50% rate of taxation when the income would otherwise have been subject to a much lower personal tax rate bracket.


Global News talking about some of the changes and their impacts.
https://www.facebook.com/kenneyjason...5617808782641/
https://twitter.com/GlobalCalgary/st...86082814947328

Moody Gartner twitter to follow.
https://twitter.com/moodysgartner?lang=en

[exgunner]

Wow I knew I needed to read deeper into this all I can do as a small business owner is shake my head how is a business to grow under this government

[mosquito]

Some are now calling it class warfare..... but it seems more like warfare against anyone who is working to me. Illegal immigrants getting tent cities and welfare while homeless get squat, tax increases all over the place, carbon taxes, removing tax credits for sports, arts and school supplies, making accountability bad (Unions and Reserves not required to be accountable again), "charities" allowed to have unfettered political spending .... this gov't is all about it's power, it's blowing money and attacking workers it seems....


https://beta.theglobeandmail.com/opi...service=mobile
His new proposals for small-business tax reform – which will hit a wide range of professionals – are couched in the rhetoric of class warfare. He refers to law-abiding, tax-compliant people (not all of whom drive Lexuses) as "the richest Canadians," who exploit "unfair tax advantages" and "fancy accounting schemes."


It’s not small biz owners who are greedy – it’s the tax hungry Liberal government
http://www.torontosun.com/2017/09/02...ral-government


The new increases are going to not just hit your local dentist and doctor and other professionals but even farmers ..... it will take atleast several decades of good leaders to undo the damage this gov't is doing in 1 term.

[mosquito]

Thanks to Trudeau's tax proposals, big fish are moving billions out of Canada, former finance minister says
http://nationalpost.com/news/canada/...o-leave-manley

A big Canadian player has quietly picked up his chips and is heading for the exit amid all the tumult over the Trudeau government’s controversial tax proposals.

A business owner has informed John Manley, the head of an organization representing Canada’s largest corporations, that he’s moved billions of dollars outside the country since the Liberals announced their tax changes in mid-July.
...
Manley pointed to one example where a successful business owner has decided to leave Canada with “billions of dollars.”

On the advice of tax professionals, he said the individual decided to move the money primarily because of the impacts the reforms could have on his family through changes related to estate planning.
...
Trudeau has stood firmly by the proposed reforms and has stressed they are about making the system fairer, rather than generating revenue.





Fairer ..... Mr Justlied the trust fund millionaire and Mr MoreNOW the vacation house in France and offshore company millionaire are just screwing the middle income until they are all in the current low income bracket.... by then the whole scale will be moved down! Those with the skills and money to move ... they will be gone too!



and of course!
https://globalnews.ca/news/3761484/b...new-tax-rules/
The proposed new small business tax changes do not impact family trusts or numbered companies, used by Canadian Finance Minister Bill Morneau and Prime Minister Justin Trudeau to shield their family’s vast fortunes.

Trudeau’s personal wealth, which was inherited from his father, is held in numbered corporations. And Morneau has money in a family trust and numbered corporations.

[MarkB]

We are doomed. He's going to kill us financially.

[mosquito]

Middle-class families are paying more taxes, despite Liberal claims: report
The Fraser Institute study finds 81% of middle-income Canadians are paying an average of $840 more a year in income taxes after Ottawa’s changes
http://business.financialpost.com/pe...herwise-report

Of those included in the middle-income bracket, 81 per cent are paying higher total income taxes after the changes, an average of $840 more per year.
..
"It’s important to look at all of the tax changes, because if you don’t you’ll get a very incomplete picture of the impact on middle-class families,” he said.
...
Ottawa has so far scrapped public transit credits, children’s fitness credits and education and textbook credits.
...
The families were broken into five categories. Eighty-one per cent of those earning in the middle income bracket, between $77,000 and $107,000 annually, are paying higher income taxes after the recent changes (an average of $840 per year more). Of the second-lowest quintile, earning between roughly $51,000 and $77,000, 69 per cent are paying higher overall income taxes ($382 higher per year). The highest quintile, earning over $150,000, saw just 51 per cent pay higher income taxes, or $1,151 higher per year.


**NOTE in Ontario under the new $15 minimum wage.
2 people 40 hour week, 50 weeks a year.... $60,000
"second-lowest quintile, earning between roughly $51,000 and $77,000, 69 per cent are paying higher overall income taxes ($382 higher per year)."

** to get in the $51,000 bracket... 51,000/(2 people at 50 weeks and a 40 hour week.).. $12.75/hour.

** $77,000 works out to $19.25 using the same calculation.
"(an average of $840 per year more)."


While Morneau and Trudeau are unaffected they attack doctors .... Justlied actually accused the Conservatives with siding with the doctors instead of nurses.... divisive, class attacking and let's not forget the changes to the information requests to the gov't .... secretive and coverups.
https://beta.theglobeandmail.com/opi...beandmail.com&

Note the video, when you hear him over and over Justlied Trudeau talking about "wealthy Canadians" .(uh... Him and Morneau ... Nope)
using corporations to pay less taxes (after all working hard and the fiction of the amount of taxes paid is their mantra, ignoring the fact Trudeau has 3 numbered companies ..and the Trudeau Foundation)
, it seems they are anti-innovation, anti-business and anti-people even just keeping money they earned by working, MUST GOUGE ALL, MUST GOUGE ALL ... the LIEbral mantra. The millionaires Trudeau and Morneau (Vacation house, gov't paid nannies....) didn't build a company, no innovation and really seem to dislike those harder working and smarter (probably majority of the population) and don't care about their future, their saving, their kids (and kids education) .... ideologues intent on making Canada into a giant mess and incapable of understanding it!


https://savelocalbusiness.ca/

Attacking the students, youth, families, dividing people into classes and attacking some openly (attacking all secretly) ... the LIEbral way of doing things it seems!

[trimmer21]

With JT's tax increases,according to the Canadian Taxpayers Federation,58% of every dollar every Canadian makes goes to a tax in some form. It has to stop. Sometime very soon,the break point will be reached. Then,God help us all.

[mosquito]

Liberal get's punished for disagreeing with Lib. leadership .... a whipped vote so not surprising but nice to see there is one Lib with a brain and integrity.

New Brunswick MP kicked off 2 committees for breaking Liberal ranks on tax changes
http://www.cbc.ca/news/canada/new-br...-tax-1.4342744

[skypilot]

The liberals are similar to people with friends only because they shower their friends with money. However that "shower money" that goes to their PS worker "friends" are at the expense and harm of the balance of folk.
It won't be long before the young (about all they have beside PS) turn on them because they are seeing that they have no future under an idiot like turdo's liberals. Just more of the separation and distance between the have and the have nots coupled with the realization that for the libs to have their PS "friends" and shower them with money, it has to come from the already financially hamstrung middle class/young.

Morneau's and turdo's money is exempted from their proposed tax on business......imagine that.

[mosquito]

The liberals are similar to people with friends only because they shower their friends with money. However that "shower money" that goes to their PS worker "friends" are at the expense and harm of the balance of folk.
It won't be long before the young (about all they have beside PS) turn on them because they are seeing that they have no future under an idiot like turdo's liberals. Just more of the separation and distance between the have and the have nots coupled with the realization that for the libs to have their PS "friends" and shower them with money, it has to come from the already financially hamstrung middle class/young.

Morneau's and turdo's money is exempted from their proposed tax on business......imagine that.

Agreed!


https://www.reuters.com/article/cana...-idUSL2N1MH0ET

The gov't sure i hiring!

September’s job gains were driven by the public sector, which added 26,200 positions, while the private sector shed 15,500 jobs. The unemployment rate held steady at 6.2 percent as the number of people looking for work edged down.