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Trudeau HAS TO GO.

Re: Trudeau HAS TO GO.

Postby Merry » Sep 14th, 2017, 2:05 am

The following quote explains just exactly what it is that Morneau is trying to achieve
Morneau has three practices he is aiming to change—or eliminate completely. They include:

1.Income sprinkling: whereby business owners split income with family members by way of salary, wages or dividends, to reduce the family’s overall tax burden. The government wants to restrict the ability pay salary or wages or dividends to adult children between the age of 18 to 24. Morneau proposes that a “reasonableness test” will be applied, assessing the adult child’s contribution to the business to really determine whether he should pay the lower business tax rate or a much higher tax rate. “The draft legislation as it stands now largely affects tax on splitting income which is very comprehensive,” says Carl MacArthur, assistant professor at the Faculty of Law at the University of Western Ontario in London, Ont. “This leads me to believe that something will be done on income splitting for small business. The reality is, it’s a difficult argument to make that income sprinkling for small businesses makes good policy. So that [change] will go forward in some form.” The truth is that Liberals portray themselves as the partner of the average tax payer. “That means they want to make the tax system fairer for people going out and earning a paycheque day after day,” says MacArthur. “Focusing on the splitting of income does this.”

2.Changes to passive business income taxation: income earned by a corporation is eligible for a phenomenally attractive tax rate (about 15% total with slight variations from province to province) on the first $500,000 of business income. But if one doesn’t need to use all this money to maintain their lifestyle, they can leave the rest in the corporation to invest in stocks, bonds or mutual funds. For comparison, if you’re a salaried employee in the highest tax bracket you’d be paying a 50% or an even higher marginal tax rate on this income. The government is exploring ways to limit the benefit of leaving excess earnings inside the corporation to grow in a passive investment portfolio.

3.Closing loopholes that allow converting income to capital gains. This is a more complicated tax maneuver that the government aims to tighten up so that income that should be taxed as salary or dividends is not converted to capital gains (which have lower tax rates).

http://www.macleans.ca/economy/money-ec ... loopholes/
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Re: Trudeau HAS TO GO.

Postby Rwede » Sep 20th, 2017, 8:56 am

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"I don't even disagree with the bulk of what's in the Leap Manifesto. I'll put forward my Leap Manifesto in the next election." - John Horgan, 2017.

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Re: Trudeau HAS TO GO.

Postby Catsumi » Sep 20th, 2017, 12:57 pm

Perhaps I misunderstood the news item I (sort of) listened to recently that stated Bombardier had blushingly pushed aside a further handout from Feds bottomless gift barrel (our money). Was it because they knew they were in for an upcoming trade dispute with USA?

That's the only reason I could come up with as they have never refused cash infusions before to my knowledge.

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Re: Trudeau HAS TO GO.

Postby Merry » Sep 20th, 2017, 1:08 pm

I wonder what would happen if every country that currently subsidizes their aerospace industry suddenly stopped doing it?

It will never happen of course, but it's nice to dream isn't it? A world without corporate welfare - what a revolutionary idea!!!
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Re: Trudeau HAS TO GO.

Postby Omnitheo » Sep 20th, 2017, 1:19 pm

But while corporate subsidies are nothing to be celebrated, government assistance is hardly unusual in the plane-making business. In fact, it’s pretty much par for the course. Boeing, for example, has received some US$13.5 billion in state and local subsidies in the last 15 years—mostly in the form of special tax breaks and other incentives, according to calculations by Good Jobs First, a group that tracks U.S. corporate subsidies. Airbus has similarly received as much as $18 billion in “launch aid” from European governments. “When you look at Bombardier’s competitors, they’ve all received a lot of government help—Boeing, Airbus, Embraer, the Russians, Chinese and Japanese,” says Karl Moore, a professor at McGill University’s Desautels Faculty of Management. “If you want to play in the big leagues in this industry, you’re going to need government support.”


Since this discussion about bombardier subsidies is in a thread called "Trudeau has to go". Can anyone in here say straight faced that Harper would not have done the same? Is it blind ignorance or forgetfulness that ignores the many corporate aid donations made under the conservative government?
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Re: Trudeau HAS TO GO.

Postby Merry » Sep 20th, 2017, 1:27 pm

Corporate Welfare under ANY Government is wrong, but it will continue until ALL Governments (in ALL countries) agree to stop doing it. And that's never going to happen.
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Re: Trudeau HAS TO GO.

Postby sobrohusfat » Sep 21st, 2017, 7:31 pm

goin' goin.jpg
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Re: Trudeau HAS TO GO.

Postby techrtr » Sep 22nd, 2017, 10:10 am

I was trying to come up with the best word to describe Tru-doh and I think it's Sycophant. If he could figure out a way to apologize to incarcerated sex offenders without alienating mainstream voters, he would.

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Re: Trudeau HAS TO GO.

Postby Omnitheo » Sep 22nd, 2017, 10:16 am

Isn't Canada known for being apologetic? Heck we even have laws around the word sorry given how frequently Canadians use it. I don't know when suddenly it became a negative thing.
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Re: Trudeau HAS TO GO.

Postby techrtr » Sep 22nd, 2017, 10:47 am

Omnitheo wrote:Isn't Canada known for being apologetic? Heck we even have laws around the word sorry given how frequently Canadians use it. I don't know when suddenly it became a negative thing.


Anything can become negative when it's overused. That's all this guy does - apologize for this and that and the other thing. Has he done anything concrete at all during his tenure? Everything he does is to garner votes from another little subset of the population. What's he going to do when he runs out of people to suck up to?

It's kind of old, but it still sums up quite nicely why Justine is such an idiot:

http://www.macleans.ca/news/trudeaus-turn-from-cool-to-laughing-stock/

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Re: Trudeau HAS TO GO.

Postby Gone_Fishin » Sep 22nd, 2017, 10:27 pm

Image
When you're dead, you don't know you are dead. It is only difficult for the others.

It's the same when you are stupid.

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Re: Trudeau HAS TO GO.

Postby JLives » Yesterday, 8:01 am

Omnitheo wrote:Isn't Canada known for being apologetic? Heck we even have laws around the word sorry given how frequently Canadians use it. I don't know when suddenly it became a negative thing.


It's not. Recognizing failure, learning from it, and moving forward is a good thing. Some people want us to take on American qualities of country first and that we can do no wrong (unless your last name is Trudeau) and I firmly reject that attitude. There's a country right next to us for those who prefer those qualities.
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Re: Trudeau HAS TO GO.

Postby Gone_Fishin » Yesterday, 4:33 pm

JLives wrote: Recognizing failure


This is failure:


Image


Intelligent people recognized it long ago.
When you're dead, you don't know you are dead. It is only difficult for the others.

It's the same when you are stupid.

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Re: Trudeau HAS TO GO.

Postby sobrohusfat » Yesterday, 8:00 pm

F U J T.jpg
"Get your facts first, then you can distort them as you please." - Mark Twain

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