Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!
Groceries are unaffordable because nearly monopolistic businesses are increasing prices. And instead of investigating and enforcing heavy regulation of the distribution and sale of essentials in Canada to make groceries affordable we are going to remove taxes so that these businesses can keep their profit margin.
π€‘ We are the dumbest western country by far.
π€‘ We are the dumbest western country by far.
I guess you missed the whole Trump thing
You know the conservatives are gonna take the next election. We'll be lucky if they don't start selling our teeth to the highest bidder.
I think you're right, the Liberals will struggle especially with the Canadian tradition of Prime Ministers not stepping down as party leader until they've lost an election. If Trudeau had enacted the electoral reform he promised the NDP would at least have had a chance. I'll miss my teeth π¬
Australia is clowning down right beside you. It's a neck and neck race down to fucktopia
I hate that this is becoming the norm these days. This is obviously a gift because of the upcoming elections. Anyone making 149 999 per year doesn't need an extra 250$. This is very clearly meant to be able to gift it to as many people as possible. I really hope the other candidates hammer on this electorialist measure during the debates. Plus considering the finances of the country this really doesn't make any sense. Like sure the country is under massive dept let's just send out money and cut revenue for 2 months
Our politicians tried promises, but weren't very good at keeping them.
As we just saw in the US, people rationalized the most messed up stuff ever, because they were struggling with making ends meet. So at least we can possibly avoid that, even if there still a mix of rational and irrational animosity against Trudeau.
How about election reform, fucker?
Best I can do is letting PP win
Dougie: but that's buying votes, folks.
Lol legal bribery
I love political shenanigans, its so funny.
In principle, I agree with removal of a VAT; though, I would want it to be removed permanently (or, at least, permanently exempting more goods, eg food and other necessities) rather than temporarily. I personally see little benefit to the citizen from a VAT. The only real positive, and it's really quite a low bar imo, is that it can help account for tax-loopholes [1].
The roll out of this announcement was very poorly done, imo. It seems that the federal government didn't consult with any of the premiers beforehand (many of whom are now complaining, and rightly so, imo, of lost revenues due to the HST) [2]. And it seems to be causing more of a headache to shop owners [3][4] which may offset any possible increase in profits over such a short period.
I disagree with the $250 payout. While I think that it will help some people in the short term, it is far from an actual solution, and only serves to increase Canada's national debt β this is likely also compounded by the fact that Canada is temporarily lowering its tax revenue.
References
A VAT Closes Tax Loopholes: Proponents argue that a VAT would not only greatly simplify the complex federal tax code and increase the efficiency of the Internal Revenue Service (IRS) but also make it much more difficult to avoid paying taxes. A VAT would collect revenue on all goods sold in the United States, including online purchases.
Hopefully he isn't sending them via Canada Post!