Don't worry.
The government will still have prime rib:
That’s what we have had with the proposed capital gains inclusion rate increase, which was introduced as part of the 2024 federal budget. For individuals, the capital gains inclusion rate will increase to two-thirds from its current 50 per cent rate for any annual capital gains realized in excess of $250,000 after June 24, 2024. For corporations and trusts, no such $250,000 threshold will apply.
The government said this would impact only 0.13 per cent of taxpayers, which is both blatantly false and purposely misleading. The simple truth is that these new measures will impact virtually all Canadians in a direct or indirect way. In a world where trust levels in government are already low, such misleading messages cause many to push back and further distrust what is being fed to us by governments.
Notwithstanding that, there will always be a significant part of the population that will lap up government pablum. The government knows this and it counts on it in order to garner support and hope that the number of people who backlash against such false messaging is not too great.
Similarly, with the government feeling the heat shortly after the introduction of these proposals, Prime Minister Justin Trudeau took a cheap shot at accountants since they can apparently cut a person’s tax bill in half if you’re able to hire one. This statement is ridiculously false.
The PM also started trumpeting the vacuous speaking point that the capital gains inclusion rate increase was necessary to deal with “inter-generational fairness.” Nope. It sounds good, but in reality, the increase is a simple revenue-generating measure to deal with out-of-control spending and the growing need to pay for it. Such misleading statements again cause able-minded people to lose faith in government.
Let us bear in mind TWO things: Justin inherited, not generated, his wealth, and government misspending is one of the chief reasons why this country's economy is destroyed.
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Canadians started paying more for milk on May 1 and despite the federal government recently announcing it is testing milk for avian flu, that’s not the reason.
The price hike is tied to the annual review of Canadian farm gate milk prices by the Canadian Dairy Commission (CDC). Here’s what to know.
This refers to the prices that dairy farmers receive for milk at their farms. These prices are regulated by the Canadian government through supply management systems, aiming to ensure stable incomes for dairy farmers while also managing the supply of milk to match domestic demand.
It’s not at all clear if the boycott is having a measurable impact on Loblaw sales. It’s been organized through a Reddit group, Loblaws Is Out of Control, that has 73,000 members — a fraction of the estimated 10 million Canadians who predominantly source their food from a Loblaw subsidiary, including Real Canadian Superstore, No Frills, Shoppers Drug Mart and Loblaws.
But the boycott did spur Loblaw CEO Per Bank to request a private meeting with boycott organizer Emily Johnson.
The boycott is demanding an “immediate 15 per cent price reduction,” as well as price controls across the entire food industry.
But what if they were to take it a step further and demand the complete elimination of Loblaw profits, force them to become a non-profit, and channel any net earnings into reducing prices?
The result would be about $3 in weekly savings for the average consumer.
For roughly the first three months of 2024, Loblaw brought in a total profit of $459 million. But if Loblaw were to spread that $459 million in price cuts across its thousands of retail items, the weekly savings for an average Loblaw customer would come to about $3.20 per week.
The Soviets also had such a system.
And let's never keep in mind how the prices of food are controlled and then the taxes.
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The greenback’s ascent has left other currencies swirling in its wake. The pound, euro and Canadian dollar are all down between four and five per cent in the past nine months, they said.
So how far could the Canadian dollar fall?
Since the summer of 2022, when the Fed caught up to the Bank of Canada’s rate hikes, the loonie has been stuck between 72 and 76 US cents, said Caranci and Orlando.
Canada’s economy also began to decline around this time. If not for the boost to demand from rapid population growth, the country would likely be in recession now, they said.
There are also signs of weakness in the labour market, with growth in the number of unemployed workers up 23 per cent over the past year, a level consistent with recession.
(Sidebar: the previous statement contradicts the last one, but I digress ...)
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Long wait times for medical treatment cost 1.2 million Canadian patients an estimated $3.5 billion in out-of-pocket expenses last year, according to a new study by the Fraser Institute.
The fiscally conservative think-tank said the estimate — averaging $2,871 per patient — is conservative because it only includes costs borne directly by patients waiting for treatment in terms of lost productivity during an average work week.
Shouldn't the money go to flags or something?
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