Dividend 15 Split Corp T.DFN

Troubling Budget Headlines

[AnEducator]

Capital Gains taxes are set to increase for certain individuals and companies. I'm not fully versed on the details, but this is certainly not encouraging for Canadian markets.

[AnEducator]

The changes will affect a tiny minority of wealthy individuals and companies. Doesn't seem to be much to worry about. 

[Offcentre]

It wil affect a larger number of Canadians than they state!  A small number of Canadians have over $250 K capital gains annually, but a  significant number of Canadians own more than one real estate property. Liberals are  going after every mom and pop landlord, every  vacation property/cottage owner.  .13% is understated!  1 in 6 property owner own multiple

[NoShoesNoShirt]

I have capital gains some years that will qualify me for the new tax.  Trudeau should be trying harder to build wealth instead of trying to redistribute it from me to voters.

[AnEducator]

Does it not make sense to crystallize some (or even most) of those gains before June 25th when the tax takes effect? You could then repurchase the shares you sold. Another option is simply to ensure you don't crystallize more than $250,000 worth of those gains in any given year. Of course, nobody wants to be forced to declare gains now when one could simply hold on for years and pay the tax

[flamingogold]

I disagree. I have many friends who are "mom and pop" owners who have bought and flipped over the last 20 years. The main reason why "small" investors are buying is because 1) rates have been in the ditch and 2) capital appreciation on the other side. Canadians have been largely responsible for the huge increase in housing but of course it is the human condition to blame others

[mouserman]

From the Fraser Institute: Canada statistics “However, although GDP in aggregate has been growing, GDP per person (a common indicator of living standards) has been declining at an alarming rate. Since the second quarter of 2022 (when it peaked post-COVID),inflation-adjusted GDP per person has fallen from $60,178 to $58,111 in the fourth quarter of 2023—and has declined during five of those six

[flamingogold]

"the Trudeau government must address the cause of Canada’s weak economic growth—a severe lack of business investment" Couldn't agree more. Yesterday's budget whacked the wealthy... again, the majority of these folks who started businesses here and create employment so people can spend and create a robust healthy economy. The Liberals continue to suck the life out of this group