Canada is a failed state

[#FF0000]

Canadians are even more docile than Americans are.

Except rural Canadians. They're almost the same as rural Americans.

 

[Lord Xenu]

Canadians are even more docile than Americans are.

Almost everyone has the capacity to fight, when backed into a corner. Western countries are currently too comfortable to reach a critical mass. It's still lone wolves and random acts of violence (increasing in frequency), but the condition to trigger revolt or sectarian violence is drawing closer. If (((tptb))) don't pump the brakes, it's only a matter of time.

 

[Ravier Xavenblood]

Except rural Canadians. They're almost the same as rural Americans.

Eh you're right about that. Canada is like if California was a country. You got plenty of decent people who don't live in the big cities but they get outvoted every single time even without the endless flood of migrants.

Almost everyone has the capacity to fight, when backed into a corner. Western countries are currently too comfortable to reach a critical mass. It's still lone wolves and random acts of violence (increasing in frequency), but the condition to trigger revolt or sectarian violence is drawing closer. If (((tptb))) don't pump the brakes, it's only a matter of time.

Pump the brakes? Are you kidding me? They put a lead block with "hubris" written on it on the accelerator while they fell asleep at the wheel.

 

[Alex Hogendorp]

Eh you're right about that. Canada is like if California was a country. You got plenty of decent people who don't live in the big cities but they get outvoted every single time even without the endless flood of migrants.

Pump the brakes? Are you kidding me? They put a lead block with "hubris" written on it on the accelerator while they fell asleep at the wheel.

Big cities are often hives of overly dependent people and often attract the increasingly lazy population. Hence the political division where the Urban is more Liberal/NDP and Rural are more Conservative and blindly trust them despite most of them caring very little about their citizens.

 

[Ravier Xavenblood]

Big cities are often hives of overly dependent people and often attract the increasingly lazy population. Hence the political division where the Urban is more Liberal/NDP and Rural are more Conservative and blindly trust them despite most of them caring very little about their citizens.

The 2 party system there is just as big of a joke as it is in the US. Your options are pretty much just American Democrats, woke neoliberals and woke socialists as a third option. What a joke.

 

[gurfan]

The trucker convoy failed because Brock Lesnar ,who dwells in Saskatchewan, didn't take part in it. Brock Lesnar could turn at least 100 cops or security guards into a bunch of disabled people with broken bones and then find Mr. Trudeau, take him by the head and press his eyes right into his brains, and then gnaw his heart out with the teeth.

 

[Flan Handler]

As a rural Albertan, it’s getting to the point where I can see things get worse between visits to the city, which I try to minimize, so it’s every ten weeks or so.

Where I live has essentially no economy, so there’s barely any minimum wage jobs the government could subsidize for an immigrant, so the hordes are not here yet. It’s O&G workers, small farmers, old people and remote workers, plus the odd pocket of meth production/consumption.

It’s got a bit of a reputation as a reactionary backwards area, which also helpfully keeps outsiders out.

It’s still nice out here, but I’m sure it’s just a matter of time.

 

[Betonhaus]

Woke up this morning to my city's water main exploding. Yay no showers

 

[Atypical Dog]

Woke up this morning to my city's water main exploding. Yay no showers

Hope a cold snap hits so you at least get an ice sculpture out of the deal.

 

[Stanley Ipkiss]

They got exploited- in the midst of covid 19.

But we all did.

They are not exploited. THEY exploited a loophole to enter the country and gambled. Government basically told them you MAY have a chance but you gotta work. Now they don't have any chance because their CSR score is so little due to their lack of skills and experience. To say anything else is being disingenuous. We all knew LABOUR SHORTAGE was temporary due to massive money influx.

Yeah you have to be very very naive to buy that they were exploited. You only have to hear how they talk about Canada and look where the money they earn goes to see who is exploiting who.

Every single one of these Indian "students" lied about their financial means, their capabilities and their intent for coming here, and then came here with absolutely no plans to leave until they either died or became PRs. Every single day that they spend here is a day they can decide to go home and escape this "exploitation", and yet every single day they choose to put their money elsewhere instead of towards a plane ticket home.

These people believe that taking advantage of loopholes and scamming people makes you smart, not a lying piece of shit, and any sympathy you show them only emboldens them to take advantage of you. Just look at Manitoba, PEI and now Ontario with Brampton. They knew what they were doing when they came and they know what they're doing now.

 

[xh9lqwz9c]

Yeah you have to be very very naive to buy that they were exploited. You only have to hear how they talk about Canada and look where the money they earn goes to see who is exploiting who.

Every single one of these Indian "students" lied about their financial means, their capabilities and their intent for coming here, and then came here with absolutely no plans to leave until they either died or became PRs. Every single day that they spend here is a day they can decide to go home and escape this "exploitation", and yet every single day they choose to put their money elsewhere instead of towards a plane ticket home.

These people believe that taking advantage of loopholes and scamming people makes you smart, not a lying piece of shit, and any sympathy you show them only emboldens them to take advantage of you. Just look at Manitoba, PEI and now Ontario with Brampton. They knew what they were doing when they came and they know what they're doing now.

Diabolical wartime shit: Send brown people to enemy. Mass migration of these shady fucks will obliterate enemy country.

Today's Canada: Let's do that to ourselves!

 

[Lobster Cult High Priest]

The 2 party system there is just as big of a joke as it is in the US. Your options are pretty much just American Democrats, woke neoliberals and woke socialists as a third option. What a joke.

Not to mention the only sane option are Kooky retarded lolbertarians that can't even win a single seat (PPC)

 

[Ravier Xavenblood]

Not to mention the only sane option are Kooky retarded lolbertarians that can't even win a single seat (PPC)

Didn't the media go on an all out attack against the PCC though? I remember them being slandered as ultra mega turbonazis.

 

[#FF0000]

Didn't the media go on an all out attack against the PCC though? I remember them being slandered as ultra mega turbonazis.

Yeah and they failed miserably. It all fell apart after the liberals invited a nazi into parliament that one time.

 

[King Metalia]

The 2 party system there is just as big of a joke as it is in the US. Your options are pretty much just American Democrats, woke neoliberals and woke socialists as a third option. What a joke.

At this point the only way to save Canada would be to tear down all the current parties and government.

 

[Ravier Xavenblood]

Yeah and they failed miserably. It all fell apart after the liberals invited a nazi into parliament that one time.

It amazes me how the Libs have controlled the government for almost a decade. It's like Current Year never ended in Canada. I mean fuck, doesn't the country's website have a population counter with a goal of hitting 100 million? That's batshit insanity with the housing crisis and all.

At this point the only way to save Canada would be to tear down all the current parties and government.

Leafland makes America look salvageable.

 

[Betonhaus]

Taxpayer who flipped a property eight years ago gets a CRA call
Although the new rules only came into play for 2023, the Canada Revenue Agency can still challenge older real estate “flips”


In 2016, a taxpayer owned a bungalow which he held for 33 days and ended up selling the property for a gain of nearly $73,000, which he did not report on his 2016 personal tax return.
In 2016, a taxpayer owned a bungalow which he held for 33 days and ended up selling the property for a gain of nearly $73,000, which he did not report on his 2016 personal tax return.
Article content
To discourage speculation in the housing market, the 2022 federal budget introduced anti-flipping rules for residential real estate (including rental properties) that came into effect Jan. 1, 2023, and were designed to “reduce speculative demand in the marketplace and help to cool excessive price growth.”

The rules prevent you from claiming the principal residence exemption to shelter the capital gain realized on the sale of your home if you’ve owned it for less than 12 months, and they tax the gain on the sale of any residential real estate as 100 per cent taxable business income, subject to certain exemptions for life events such as death, disability, separation and work relocation.

Although the rules only came into play for 2023 and future years, the Canada Revenue Agency can still challenge real estate “flips” that took place prior to 2023 if it feels a taxpayer has speculated and flipped a property for a quick profit.

Take the case decided last month that involved an Alberta taxpayer who was reassessed for his 2016 taxation year for failing to report the profit he made on the disposition of a property in Calgary.

In 2016, the taxpayer was a real estate associate who was involved in various property transactions. One of the properties he owned was a two-bedroom, one-bathroom bungalow with a detached two-car garage, which the taxpayer held from Oct. 20, 2016, to Nov. 21, 2016 — a period of 33 days. During this time, the taxpayer never listed the property for rent and he ended up selling the property for a gain of nearly $73,000, which he did not report on his 2016 personal tax return.

Because the CRA only reassessed the taxpayer for the unreported 2016 sale in 2021, the first issue before the Tax Court was whether the agency was permitted to reassess him beyond the normal three-year reassessment period. To do so, the CRA must generally demonstrate, on a balance of probabilities, that a taxpayer made a misrepresentation attributable to “neglect, carelessness or willful default or committed fraud” in filing their tax return.

In this case, the CRA wasn’t alleging that the taxpayer committed fraud, but the agency felt there was a material misrepresentation on the taxpayer’s 2016 tax return since the gain wasn’t reported.

The taxpayer said he didn’t declare the property sale on his return because his “expenses have erased any possible gain,” but the judge wasn’t buying that explanation and said “a misrepresentation was clearly made” when the taxpayer filed his 2016 return, and it was done “through negligence or at least carelessness or wilful default.” Thus, the CRA was permitted to reassess the taxpayer’s 2016 tax year beyond the normal reassessment period.

In court, the taxpayer said that, at the very least, he should be entitled to capital gains treatment, meaning that only 50 per cent of the gain is taxable. (For individuals, the capital gains inclusion rate is set to increase to two-thirds for gains of more than $250,000 on or after June 25, 2024.)

The taxpayer also said his gain should be reduced to $12,467 (from $73,000) to take into account two additional expenses that he introduced as evidence at the hearing. The first was a referral fee of $40,500 paid to an Alberta numbered company that the taxpayer owned 50-50 with his business partner, and the second was a referral fee of $20,000 paid to his partner’s spouse. Both referral fees were paid in connection with the sale of the property, he said.

The judge, however, was not convinced that, “on the balance of probabilities,” the additional $60,500 of expenses were appropriately deducible against the gain. “The documents are far too ambiguous, vague, unclear and unreliable as to the true nature of the payments made at closing,” he said in disallowing the expenses.

The remaining issue regarding the sale of the property was whether the $73,000 gain was to be taxed as a capital gain or income. Because the taxpayer didn’t report the disposition at all in his 2016 tax return, the court was forced to solely rely on the evidence presented at trial to determine whether the income account treatment alleged by the CRA should stand. On this point, the taxpayer didn’t elaborate, except to maintain that he wanted to rent out the property.

But the judge, citing the financing structure used to purchase the property, the circumstances leading the taxpayer to buy it in the first place, the “immediate and prompt renovation” of the main floor and the basement, and the taxpayer’s experience as a real estate agent, was not convinced that the real intent of the taxpayer when he bought the property was to rent it out.

CRA
CRA wins against two more taxpayers
Cottage owners who sell their property for over $250,000 will be affected by the change.
Capital gains tax hike looms
The Canada Revenue Agency denied a son's claim for his father's medical bills incurred while the parent was visiting Canada.
CRA denies taxpayer's medical expense credit

“The court finds it hard to believe that the (taxpayer) was faced with so many events in such a short period of time that the only option was to sell the property quickly and make a profit of approximately $70,000, all in one month of ownership,” the judge said. “The (taxpayer’s) motivations in this project deserve more credit.”

In the end, the judge concluded that the taxpayer’s testimony was insufficient to support a recharacterization of the gain realized on the sale of the property as a capital gain, and upheld the CRA’s reassessment of income treatment.

https://financialpost.com/personal-finance/unreported-capital-gain-home-flipped-taxpayer

https://archive.is/5LbDT

Get rekt

 

[HOMO FOR LIFE RETURNS]

CRA is coming after every single real estate transaction from last 10 years. It will become their greatest gravy bank ever. I mean they need to. This retard of finance minister Freeland forgot to lock in "INTEREST RATES ARE AT HISTORIC LOW, GLEN."

Also, let's celebrate Canada reaching $2200 monthly/1-bed average threshold . Hooray.

 

[Baraka Obama]

CRA is coming after every single real estate transaction from last 10 years. It will become their greatest gravy bank ever. I mean they need to. This retard of finance minister Freeland forgot to lock in "INTEREST RATES ARE AT HISTORIC LOW, GLEN."

Also, let's celebrate Canada reaching $2200 monthly/1-bed average threshold . Hooray.

Someone I work with let slip what he's paying for a 2 bed apartment and I just about spit out my drink. It's 3X what I pay in mortgage for a fucking house. I mean I know it's bad but at what point do you not just fuck off and move to Costa Rica?

 

[Alex Hogendorp]

Oh fuck?! Is Calgary gonna burn to the ground?


It's on my fucking doorstep.

Fuck!

I bet the water break was intentional too.