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Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.


GREY:NMKEF - Post by User

Comment by Calgary_ABon Nov 11, 2019 2:05pm
40 Views
Post# 30336207

RE:RE:RE:RE:RE:RE:All is good even excellent

RE:RE:RE:RE:RE:RE:All is good even excellentJoeman,
AB believes that Governament should not decide how people should spend their money....
Making the TAX higher does not mean it goes into people's pockets, it goes into bailouts...AB doesn't need bailouts and handouts, they need to be left alone and let them work to make their own money and not being taxed to death...
Quebec turned Socialist because of that, big TAX, big Gov. rulling the people telling them what is good or bad...

A country doesn't need to have big taxes to do well...they just need to have less politicians telling them how to spend it.

joeman wrote: Alberta should learn from Quebec, Quebec pays about 9 billion$ to the equalisation program, if Quebec lowered taxes like Alberta it would pay even more to equalisation. Inversely, if Alberta taxed its citizens at the Quebec rate then Alberta would have a surplus and would have less money to pay out to the feds. Also Quebec paid for part of the transmountain pipeline as does all provinces. There is a fiscal imbalance, more goes to the feds than comes out, how much is lost in Ontario? Ottawa? This is why we need to export so much product and goods. Quebec has high taxes to ensure the feds cannot take more than they already do. The whole govt apparatus is not one spending program, rather it is thousands of spending programs. We seperatists have our accountants too and have projected a net gain in revenues from separation. administrative savings and tax feedback loops helping retain taxpayer funds in the region. If there was economies of scale to help, taxes rates would drop, however there is levels of govt trying to out tax the other and govt does not easily attain efficiency in scale, Quebecs greatest weapon to protect itself is higher taxes. Duplessis figured this out in the 1940s. Alberta id just learning now. How much will it cost to pay to clean up all those abandonned wells from bankrupt oil companies? Who will pay for the tailings cleanup? Alberta needs to increase taxes and stop thinking that the feds or anyone else will give back the money that was taken away. Alberta needs to get its own revenue, not our problem, especially when we leave confederation in 2024, maybe sooner!
ewaltz22 wrote:

Me too I like reddit Calgary why don't you read the facts(in comments) and go back to choking on gold cocks
instead of attacking posters for no reason
 

  • Quebec is the 2nd most populous province. 
  • Equalization is based on a formula that calculates the difference between the per capita revenue yield that a particular province would obtain using average tax rates and the national average per capita revenue yield at average tax rates (thanks Wikipedia)
  • In short, when your average provincial income per capita, standardized for Canada, is lower than the national average, you receive equalization. 
  • Quebec has a lower average income per capita than the rest, but because of the size of the population, it comes out to a large payout.
  • Per capita, Quebec is second lowest receiver (after Ontario). If we had to rank provinces on haves and haves not per capita, Quebec would therefore be at #6. 

To those saying Quebec needs to be cut off:

  • Sovereigntists would love to end equalization payments. They argue it would prove Quebec can work independantly of the federal government
  • Quebec receives lots, but, because of its population, also contributes lots. Essentially, every province put money in a pot, that Otawa divides according to its own rules. This is why when people say "Alberta pays for Quebec", it is simply false. Alberta pays into the pot, Ottawa then divides. 
  • The rules that decide who gets how much are set by Ottawa, not by the provinces.
  • Since equalization payments are part of our repatriated Constitution, which Quebec never signed, it can be argued that they never agreed in the first place to receive equalization.
  • Numbers are debated, but if transfers between Quebec and Ottawa stopped altogether (no money moving from one to the other), Quebec's deficit would be between 5 and 15 billion dollars annually. A large amount for sure, but comes out to a deficit of 600-2000$ per capita. Considering the provincial debt per taxpayer of Quebec is currently 70,000$, this deficit would be a drop in the bucket.




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