RE:RE:Poilievre promises to reverse capital gains change:Citizen13 wrote: Reverse what capital gains tax ? It hasnt even been put int law yet . But the good folks at the CRA are still demanding people pony up the cash . Hmmm....who else would do this ? Vladimir Putin . Welcome to the new dictatorship. They do whatever they want . We need to reign in government . They were meant to work for us. Adam Corolla made a very interesting point about California. You cannot build anything unless you follow 10,000 codes and regulations . And yet the power lines are 100 feet up in the air on wooden matchsticks soaked in creosote that fall down if you say boo and light the whole state on fire . Do as I say, not as I do.
I got a couple of questions, Citizen. If I sold a stock, a rental property or a cottage....How would the CRA demand that I "pony up the cash"??? CRA would not know about it until I reported on my 2025 tax return, in April 2026 (???) I stand to be corrected, TIA
You're right that the cap. gains changes are DOA....just as the reaction to the prospect of increased tax was blown way out of proportion....PP "reversing cap. gains changes" is more of the same. There is no "reversing" something that did not happen!
Your power poles in California is something I'm very familiar with. The reason for the power poles is that it's way, WAY cheaper to service a subdivision above ground than underground. I suppose some draconian regulation could have mandated underground servicing way back when but that would have increased the cost of the lots substantially. If it is desirable to now bury those lines who's to pay for that? Short answer is the property owners, no? It would take a draconian government to pay for the work and charge the property owners back through their taxes to reimburse it. There is no free lunch...some of the "regulations" on the books now mandate fire resistant roofs...that increases costs. Is that "over-regulation"???
In Canada, we have "10,000 codes" as well and a lot of them were the result of the "leaky condo" syndrome. A whole LOT of owners got financially burned by that and as taxpayers they demanded that the government do something so that it would not happen to future buyers. The result is more regulation....what are you gonna do. If there was no regulation developers would build out of cardboard that would last ten years....again there is no free lunch.