New tax in the works on the sale of your home

[foenix]

What if you get run over leaving the house tomorrow?......there goes the "plan".

Suppose I could choke on my breakfast and die laughing at this comment too. Doesn't mean I'm not gonna throw my plans out.

Why? Aren't you back to square one with the "what if" plan?.....except if the "what if" capital gains tax for the principle homes comes into being, then you will have 2 homes that you will have to pay capital gains on and twice the complaint .

[Gone_Fishin]

Liberals never met a tax they didn't fall in love with.

Questioning CMHC


In 2020 CMHC commissioned research by the UBC school of population to look at ways of taxing home ownership to "level the playing field". What they really mean is that many people are making gains by owning their own houses and the government thinks that it is entitled to a slice of that. Here are a couple of quotes from the researchers at UBC:

• “We need to make it so that no Canadian relies on gains in housing wealth to feel secure"

• “Homeowners are lottery winners with an unfair tax advantage"

• “By sheltering much housing wealth from taxation, especially principal private residences.........."

When challenged about this, the CEO of CMHC, Evan Sidall said it wasn't true. However The Canadian Taxpayers’ Federation, using Access to Information have uncovered emails showing that indeed was the intent of the taxpayer-funded research.

The prime minister himself has stated "that is something we are not interested in doing" and yet here is a Crown corporation researching that very thing. Of course having built up a debt that is unsustainable, the government is desperate to find new ways to tax us, and the fact that Prime Minister Justin Trudeau denies it makes it all the more likely to happen. We need to all bombard government representatives with letters of protest.

snip

Thanks to Access to Information by Blacklocks Reporter, a respected publication in Ottawa, we also now know that data on nine million Canadian mortgagees was illegally obtained by CMHC without their permission. That included addresses, personal income, credit scores, and household debt. In fact all the things we really need to keep secure.

We can only speculate on the purpose of obtaining data on us, and hiding that fact from the privacy commissioner, but we can be sure that the intent is not to benefit us. The fact that this has happened so soon after Statscan made a similar effort to harvest information from us illegally, by trying to access bank accounts without the account holder's permission, suggests that the government has absolutely no compunction in breaking the law, and is prepared to go to any lengths to get the information it wants.

https://www.castanet.net/news/Letters/3 ... oning-CMHC

[Catsumi]

^^^^^^

This bears repeating until it finally sinks in for one and all:


We can only speculate on the purpose of obtaining data on us, and hiding that fact from the privacy commissioner, but we can be sure that the intent is not to benefit us. The fact that this has happened so soon after Statscan made a similar effort to harvest information from us illegally, by trying to access bank accounts without the account holder's permission, suggests that the government has absolutely no compunction in breaking the law, and is prepared to go to any lengths to get the information it wants.


This is from a government that declared war on its citizenry 5 years ago. The plans they are putting out to test the winds are NOT benign.

[foenix]

^^^^^^

This bears repeating until it finally sinks in for one and all:


We can only speculate on the purpose of obtaining data on us, and hiding that fact from the privacy commissioner, but we can be sure that the intent is not to benefit us. The fact that this has happened so soon after Statscan made a similar effort to harvest information from us illegally, by trying to access bank accounts without the account holder's permission, suggests that the government has absolutely no compunction in breaking the law, and is prepared to go to any lengths to get the information it wants.


This is from a government that declared war on its citizenry 5 years ago. The plans they are putting out to test the winds are NOT benign.

Check out the 4th word.....S P E C U L A T E.......it's all it is. Why not just make up a lie and go with it.....uh, er.......speculate

[rustled]

^^^^^^

This bears repeating until it finally sinks in for one and all:


We can only speculate on the purpose of obtaining data on us, and hiding that fact from the privacy commissioner, but we can be sure that the intent is not to benefit us. The fact that this has happened so soon after Statscan made a similar effort to harvest information from us illegally, by trying to access bank accounts without the account holder's permission, suggests that the government has absolutely no compunction in breaking the law, and is prepared to go to any lengths to get the information it wants.


This is from a government that declared war on its citizenry 5 years ago. The plans they are putting out to test the winds are NOT benign.

It doesn't bode well. Reminds me of when they pooh-poohed concerns about mandates.

[foenix]

I don't remember any S P E C U L A T I O N S about the Covid vaccine mandate. JT and the Libs came out and were fairly definitive that it was going to happen. It was the CPC and O'Toole, who was waffling about that for his party. This is in the same ballpark. JT and the Libs were/are pretty clear on who they want to tax for the primary residences. Their target is the house flippers who resell the homes before the 12 months are up. But like anything else, with the facebook crowd, CPC stooges, Qanon types, the message get twisted into.....JT and the Libs are going to tax your primary residence......

Canada's Trudeau does not plan primary residence sales tax

Trudeau explained that his party would establish a measure against "house flipping" by imposing a tax on the resale of homes within 12 months, unless the seller experienced a significant change in life circumstances such as a divorce.

This measure can be found on page 14 of the Liberal party's platform, available on its website.

https://factcheck.afp.com/http%253A%252 ... 2F9MF8VU-1

.....another case of damn if you do and damned if you don't.......

[Catri]

It's a case of the haters flailing for any far fetched, made up, opinion based speculation, hoping that one of these times, one of their lies will land and they'll be able to convince someone outside their hateful little echo chamber that the government and the Prime Minister specifically is out to get you.

[Catsumi]

No “hatred” from here, but very wary of JT and crew. A slippery bunch as we have all seen. Investigations get shut down, blinds pulled, curtains drawn, doors slammed shut.

Perhaps you have blind faith. I do not.

[The Green Barbarian]

No “hatred” from here, but very wary of JT and crew. A slippery bunch as we have all seen. Investigations get shut down, blinds pulled, curtains drawn, doors slammed shut.

Perhaps you have blind faith. I do not.

well said. I do like how those calling out this slimy bunch of snakes in the Liberal party always get called "haters" by those desperately trying to defend their terrible records. I do not have blind faith in this party either Cats. No way no how!

[foenix]

*removed*

[Sparki55]

It's a case of the haters flailing for any far fetched, made up, opinion based speculation, hoping that one of these times, one of their lies will land and they'll be able to convince someone outside their hateful little echo chamber that the government and the Prime Minister specifically is out to get you.

So many things people warm others about are ignored. People are called conspiracy theorists, etc. Then said thing becomes a reality and the real issue comes out... Those that said it was a conspiracy theory don't care that it came true and like the new rules lol.

[foenix]

This particular story is in the realm of conspiracy theory because IF this happened, it would be the kill shot for the Liberals and I'm pretty sure JT and the Liberals whatever else that's said of them are at least politically savvy and not wanting to commit political suicide.

[Gone_Fishin]

This particular story is in the realm of conspiracy theory because IF this happened, it would be the kill shot for the Liberals and I'm pretty sure JT and the Liberals whatever else that's said of them are at least politically savvy and not wanting to commit political suicide.

You can *bleep* off 68% of Canadians and still form government in this country, sadly. And coincidentally, home ownership rates in Canada are at about 68%. In the big cities that elect Trudeau, rates are lower than 68%.

Do you think the Liberal war room hasn't run the numbers?

The same lame argument from Trudeau's paid shills is debunked once again.

[foenix]

This particular story is in the realm of conspiracy theory because IF this happened, it would be the kill shot for the Liberals and I'm pretty sure JT and the Liberals whatever else that's said of them are at least politically savvy and not wanting to commit political suicide.

You can *bleep* off 68% of Canadians and still form government in this country, sadly. And coincidentally, home ownership rates in Canada are at about 68%. In the big cities that elect Trudeau, rates are lower than 68%.

Do you think the Liberal war room hasn't run the numbers?

The same lame argument from Trudeau's paid shills is debunked once again.

That's not debunking that's just more conspiracy feeding which the JT haters are great at......too bad they aren't that great at winning elections. It's gotta be tuff always on the sidelines looking in wishing what could have been.......what if.....

[Catri]

It's a case of the haters flailing for any far fetched, made up, opinion based speculation, hoping that one of these times, one of their lies will land and they'll be able to convince someone outside their hateful little echo chamber that the government and the Prime Minister specifically is out to get you.

So many things people warm others about are ignored. People are called conspiracy theorists, etc. Then said thing becomes a reality and the real issue comes out... Those that said it was a conspiracy theory don't care that it came true and like the new rules lol.

The thing is, in the case of a tax on the capital gain from selling your principal residence, no one wants it. It's an idea that has been floated and soundly shot down. It's a dead horse. It's nothing to do with conspiracy theories, it's political fact. It would be suicide for any government to implement this tax and we all know it. Chirping on and on about it, trying to make people afraid that it's actually going to happen, because some powerless partisan speculates that it might, can only be interpreted as partisan drivel. Any such tax would face resistance from all sides and the government knows it, that's why the PM has said it's not on the table.