Veren Inc T.VRN

Confirmation

[Moemoney42]

Of my earlier posts regarding the 50% inclusion rate affecting O&G stocks lately.. Kevin O'leary (love him or hate him) was just on BNN stating that he too was selling stock to captialize on the lower rate.. and his comment was "we all were" meaning the crowd he runs with.. which IMO are big money players..
Sad thing about this confirmation is that he said now that he has completed these sells that money is NOT coming back into Canadian markets..!! How many other big money players are doing the same..??
Congrats Freekland and Trudope for putting Canada at an even worse advantage for global investment dollars that it already was..!!!! 
The writing is on the wall with the last bi-election.. say bu-bye you two..!

[Red_Deer]

Hey MOE__I have O'Leary as a VERY Close 2nd to Trump__With respect to $$$$$ and TAXES eh !!!! I DO NOT Trust ANYTHING they Publically State. It is NOT POSSIBLE to Determine whether he pays Canadian taxes without specific information on his income, residency status and his Many Private Corps. And Do NOT KID YourSelf__With Respect to NEVER Buying CDN stocks from NOW on__IF a Really GOOD

[packerdriver]

How true! O'Leary, Conrad Black, Franck Stronach, Trump....they all sing from the same songbook.

[Red_Deer]

Hey PACKER__INDEED they ALL DO as They ALL BELIEVE How SUPERIOR They ARE eh  I would Add POCKLINGTON to Your List !! Recall too That O'Leary, Black and Pocklington ALL Mused at Running for Conservative Prime Minister of Canada__NONE Ever DID Though__But ILLUSTRATES How FAT All their HEADS Were at the Time eh !!

[Red_Deer]

Hey MOE__Trudeau is ACTUALLY Expecting a LOT of Regular 50% Capital Gains to ROLL IN for the 2024 Tax Year__Time will Tell IF their ForeCast are Correct eh. I DOUBT IT !!!! A controversial increase to the capital gains inclusion rate is now in effect despite strong pushback from small businesses, farmers and medical professionals.   Starting Tuesday, individuals with capital gains

[packerdriver]

"pushback from small businesses, farmers and medical professionals."???? Those three categories of enterprises have just seen their one time shelter from ANY and ALL capital gains taxes rise from one million to 1.25 million as part of today's changes to capital gains taxes. Cry me a river!

[Moemoney42]

Obviously you've never started a business, farmed or are a medical professional.. $1 million will buy you one combine that might be worth 200G in 5 years if you're lucky..! That doesn't even take into consideration the numerous other pieces of equipment needed. Another $800G for a tractor.. another 350G for an air seeder.. another 250G for a sprayer... get the point.. that doesn't

[Moemoney42]

Oh ya.. and by the way.. add in another million for each section of land needed to start a farm.. and I'll guarantee you, if you don't have 2.5 sections of land to start with you're gonna have a hard time making ends meet..

[packerdriver]

Oh please....you are subject to capital gains when you SELL...not when you make investments in a business....all of your examples can either be written down to lower your annual profit/tax....or can be used to increase your ACB, lowering your eventual capital gain. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return

[Moemoney42]

"If you don't want to pay tax don't go into business" Spoken like a true gov't employee.. if we all had that attitude we'd be eating lawn grass for lunch.!  There should be some incentive to risk capital to make the country better/successful with some fashion of stability.. or would you rather buy everything in your life from China and/or the US..?? Tell you what,

[Red_Deer]

""If you don't want to pay tax don't go into business"" Hey PACKER__Am ASTOUNDED by Your COMMENT eh !!!!!!!!! A LOT of Small BUSINESS Create MILLIONS of JOBS__And Those Workers PAY TAXES for OUR Standard of Living eh !!!! Bottem Line IS that MOST CDN Jobs Will BE in SMALL Business or the Various Levels of PUBLIC EMPLOYEES So Do YOU WANT EveryOne to BE Public

[packerdriver]

I just get tired of ranting and raving at paying taxes....What's the point? You might as well complain about the weather....What good's it to you other and keep you mad and elevate your blood pressure. If we are going to have "government" we are going to have taxes....Are you an anarchist??? You could easily NOT pay taxes....just go out an live way out in the bush by yourself

[Moemoney42]

Nice backpeddling packer.. I didn't say anything about "not paying taxes" you're the one whining about people willing to go out on a limb and investing in businesses or farms or being "professionals" getting a tax break for creating jobs and risking capital.. did that go over your head..??  Talk about getting your blood pressure up.. stick to the facts/topic man..

[packerdriver]

Moe, I'm not whining about people getting a tax break...I'm just pointing that the break was increased from 1 million to 1.25 million.....that should offset the higher inclusion rate for THOUSANDS of small business owners. What's the beef? I don't got one. I'm fine with all of it.

[tollycraft]

Well said. Fact, small business countributes more taxes to this government in this country waaaaay  more than all the largest companies combined.  If anyone doubts that, just drive through any town anywhere in Canada and start counting restaurants, gas stations, retail stores including malls, service busnesses, and small manufacturers.  GLTA, Tollycraft

[DivChase]

Packer.   Writing down assets is a strategy to lowered your taxes on profits/income.   What if there are no profits and poor farmer Joe just wants to quit after working his whole life.  Most farmers equity is all they really have to fall back on for retirement.  Same can be said for large portion of business and landlords here these days.  Here comes libtards now

[packerdriver]

"Poor farmer Joe"???? who routinely buys million dollar tractors??? If your business requires a few million dollars in cap ex let's agree that we are not talking about some hayseed with a horse, a pitchfork and 4 shoeless kids to feed, ok? If we're going to have government we are going to have taxes. Today's changes won't affect the average Canadian in ANY way. So said

[DivChase]

that was the reason for gst in the first place.  Pay tax on consumption.  People with more money spend more therefore pay more taxes.  Of course raising taxes on everyone is fairer than discriminating against small business owners.  It's people that rely on the vast majority of government services like healthcare for just one example.   these liberal cowards just

[DivChase]

Tax freedom day is estimated to be June 23 in 2024.   49%. So we worked all this year so far just to pay taxes.  Next year we will likely surpass 50%.   But thats ok with Packer at lease he is happy about it.  He don't care until when 60 or 70%.  I wonder what freedom day will be next year after this capital gains changes are factored in.  Maybe July some time

[packerdriver]

Ok, I got it...you're in favour fo cutting taxes...big time. How do you feel about government deficits??? Just curious.

[MorganEarp]

This post has been removed in accordance with Community Policy

[DivChase]

Government deficits are a result of successive governments (conservative too, but mostly liberal) announcing billions upon billions of new program spending in order to buy an election.  That there is the problem with a system where fiscal accountability is an afterthought at best.  Just wait  for another huge promise to increase child benefits in exchange for your vote.  Should

[MorganEarp]

This post has been removed in accordance with Community Policy

[Moemoney42]

This comment alone proves how out of touch you are with your "reality" "Poor farmer Joe"???? who routinely buys million dollar tractors??? If your business requires a few million dollars in cap ex let's agree that we are not talking about some hayseed with a horse, a pitchfork and 4 shoeless kids to feed, ok?" The days of plowing fields with horses are long gone, if

[Red_Deer]

Hey MOE__Are YOU Up to Speed on the AMT (Alternative Minimum Tax) eh ???? Well the Finance Minister Likely HAS a SURPRISE Waiting For ALL the NERVOUS LEMMINGS that RUSHED in to TAKE Their $250K of GAINS Part of the Capital Gains PACKAGE is a REVAMPED AMT__The DETAILS Which Are Geneally KNOWN But STILL PENDING Official Legislation__BUT The NEW AMT Will VERY LIKELY GRAB Extra AMT TAXES From this

[MorganEarp]

Pretty crafty you say Red Deer..... "Pretty CRAFTY eh !!!!__FOOLING Investors to RUSH to SELL and PAY Capital Gains Tax on their $250K__AND Then GRAB EVEN MORE with the ReVamped AMT" No I would call it par for the course from DEMONS who are working as hard as they can to destroy Canada and almost all of it's inhabitants. But oh wait they will find lots of our tax money to