BCE Inc T.BCE.PR.E

!!!!!!!!!!!,,,,A SLICK Video........From TruDOPE !!!!!!!!!!

[Red_Deer]

ONLY the RICHEST 0.13%% of Canadians eh !!!!!!!

This IS the HUGE ""SPIN"" Which WILL Become PROVEN WRONG to
WAY MORE Average Canadians

https://x.com/justintrudeau/status/1790021255845773705?s=61&t=UPElD27Cl4hZMdnFFlIovw

Posted just a few days ago by the LIBs

[pierrelebel]

52,000 Canadians (0.13%) affected by the increase in capital gain tax sounds about right to me. What is your question? Will you be one of them?

[Red_Deer]

Hey PIERRE__I SEE That You ARE FALLING For the LIB Message __That ONLY 0.13% of CDNs WILL BE Affected by the INCREASED Capital Gains TAXES. The Liberals/NDP ARE Out ALL ACROSS Canada__PUMPING OUT their MESSAGE That ONLY .0.13 %__Thus ONLY The DESPISED RICH Canadians__Will BE Affected. ALL WRONG !!!__Am GUESSING That UpWards of 20/30% of Canadians WILL BE AFFECTED !!!!!

[Quintessential1]

You're guessing?   You think 20-30% of Canadians will be affected by a greater than 250K capital gain  inclusion rate?  Well I guess Canadians are doing better than everyone thinks if 20-30% of them will be experiencing over 250k capital gains not including primary residence sales. WTF red? GLTA  

[Red_Deer]

QUINT__Very LIKELY the Number BEING TOUTED by TruDope and ALL His Ministers IS Pretty ACCURATE__As CRA/Stats Canada DO HAVE Very ACCURATE DATA for HOW MANY Canadians ON AVERAGE Have Been Reporting MORE Than 250k Gains BUT What TruDope and NDP are NOT Making ANY MENTION is that Their TOUTED Number IS ONLY For EACH and EVERY YEAR eh !!!!! So This IS Why in the REAL WORLD There WILL BE

[SadieLadyCO]

RedDear you are dead on....RIGHT

[Quintessential1]

When they're dead?  red I think you have missed the nuance of the whole plan.  The government is going to make a boon in tax revenue from the corporations that have capital gains and want to realize them at the lesser rate before the June deadline.  They get no exemption.  Of course this will apply to a small percentage of people that have the over 250k to worry about too.&

[Red_Deer]

Cottages and wealth can be dealt with quite easily before death by giving them to whomever was going to inherit them before you die and if no one was then who cares?  Cottages can become primary residences by being lived in before selling. Hey QUINT__NEITHER of Your AVOID the TAX Strategies ACTUALLY Would Work As They BOTH Get CAUGHT by the ""DEEMED DISPOSITION"" Tax

[Quintessential1]

Yeah they woulkd both work as no one said you had to dispose of all your assets and claim over 250k capital gains in the same year unlike death but it does take planning. As for the cottage...the "change of use" only comes into effect for properties that were used for business purposes like rental properties.  So unless you were renting the cottage out on the side the CRA is not

[Red_Deer]

As for the cottage...the "change of use" only comes into effect for properties that were used for business purposes like rental properties.  So unless you were renting the cottage out on the side the CRA is not going to come looking if you sell the home and then move into the cottage and sell it down the road especially if you  just transfer ownership to the kids...grandkids ..

[Quintessential1]

So am I selling the nice cottage for a lot of capital gains or the run down cabin for very little capital gains red? We have agreed that I can sell assets for capital gains that do not exceed 250k yearly and gift them to whomever for no extra tax inclusion rate ...right? If you had to do that for more than 4 years you might consider yourself wealthy and hence in that percentage they are talking

[Red_Deer]

We have agreed that I can sell assets for capital gains that do not exceed 250kyearly and gift them to whomever for no extra tax inclusion rate ...right? Hey QUINT__INDEED I HAVE AGREED to THIS Already eh !!!! BTW I still don't see 20-30% of Canadians being in this category but if they are than good on them. So QUINT__AND You AGREE That Much, Much MORE than TruDopes 0.13% WILL BE 

[Quintessential1]

Yup more than .13% in their entire lifetime but probably not more than that next year. Isn't that how long he'll be in office and do you expect his potential replacement to keep that tax in place? Here is what he says: "There is no such increase. They've pulled that out of the budget," Poilievre said Thursday when asked if he supports raising the capital gains inclusion

[djb633]

You are dead wrong, for starters if you gift your cottage to your children you are still required to pay capital gains. The cottage is accessed at the time of the gift and you pay the capital gains on the difference in what you paid. If you just bought land like I did and built the cottage yourself you get no deductions for your labour and pay capital gains on the full value minus only the cost of

[Quintessential1]

Am I dead wrong on both points or just the cottage thing?  LOL I think both of you should seek professional tax advice because if you can't figure out how to slip that cottage over to your kids without paying extra taxes on it I am sure they can and btw the idea is to not pay more taxes over the 250k inclusion rate.  So gift the kids a share say one quarter per year and keep the

[Red_Deer]

Hey QUINT__This ACTUALLY Could Work__BUT I Would ASK the KIDS to PAY the Capital Gains Taxes @ the 50% Rate__Do YOU THINK They WOULD eh ???? So gift the kids a share say one quarter per year and keep the gain under 250k.     When and how do you think the CRA knows you changed your principal residence in order to assess that gain?  You're both just guessing and you

[Quintessential1]

Have the kids pay the 50% capital gains?  I wasn't even going to have them pay for the quarter I was selling them.  Did you forget what we were trying to do here? Its called F the taxman not the kids. Now if I don't have the 50% to pay the taxman I am sure they would happily pony up 15% on the dollar.     GLTY and all. 

[Red_Deer]

Hey QUINT__Just ran some numbers into my own Excel Tax Calculator SpreadSheet  which a created over several decades ago__Your 15% IS in the Ball Park. Here in BC__Say WITH a Modest $35,000 of Other Income__The 250K Capital Gain  results in a Total Tax of $44,402.58__Which is 17.76% on the 250K Gain So like You Posted__Quite DOABLE Between YOU and the KIDS eh ? BUT Would PAYING the TAX

[Quintessential1]

Yeah,  tax free red?  LOL  Yes red cash paid in taxes today are taxes that do not have to be paid tomorrow.   So while I lament the loss of 44k to the government today I do not forget about the taxes paid on the realestate investment today and I don't really shed a tear for me or the poor kids and their million dollar cottage that will double in value again in a

[Red_Deer]

Hey QUINT__INDEED I OverLooked the TAXES to BE Paid on the BCE Dividends And BCE Will NOT DOUBLE in the Next 20 YEARS__And the Future VALUE of the Cottage REMAINS to BE SEEN eh ! BUT So What eh__As THIS Does NOT CHANGE the BCE Dividend Payouts. My Numbers__EVEN With a CORRECTION to Tax the Dividends__WILL REMAIN Quite COMPELLING__UNLESS BCE Does CUT the Dividend by a SUBSTANTIAL Amount And

[Eyetradestocks]

This post has been removed in accordance with Community Policy

[djb633]

Im not guessing, that is the tax code and I'm not stewing over anything I'm just stating the facts, as for how is the CRA going to find out about it? How do they know about self employed earnings.... you report it and if you fail to report it the tax penalty is equal to the tax you avoided so you pay double.  as for the other post, when you sell your house and move into your cottage

[Quintessential1]

"as for the other post, when you sell your house and move into your cottage that's the day it becomes your principal residence and taxes are owed on the difference between the cost of it on the date you bought it and the value of it on the date you move in." As another poster pointed out it can be delayed by up to four years so you don't know and are guessing.  If you

[pierrelebel]

"...20/30% of Canadians WILL BE AFFECTED !!!!!..." Seriously, how many Canadinans earn more than $250,000 capital gains in one year, not including gain on primary residence?  52,000 Canadian taxpayers is the right number, not 8,000,000.

[bttmfischer]

Maybe in some years by traders, but I think that not on the average. I was lucky once in almost 30 years, but never since. The propery flippers (in Vancouver and Toronto) could have done it easily, but on the TSE? I doubt it. 

[SadieLadyCO]

This post has been removed in accordance with Community Policy