Canada is a failed state

[harbringer883]

View attachment 7303603

Probably this image.

what a joke lmfao.

 

[The Cum Beast]

I thank god every day that I've never had to live or even had to set foot in eastern canada.

 

[Kiwisee]

The Home Equity Tax is officially being passed by Carney.

Suffer, Boomers. I hope sticking it to Trump is worth losing your home over.

Edit: Here’s the faggot whose been pushing for a home equity tax, who has undoubtedly contributed to everyone under 50 being unable to afford a home.

Xitter account
Blue Sky account for “Generational Squeeze”

If you ever had any doubts that socialism is only there to benefit Boomers, here it is straight from the horse’s mouth:


Like a typical Boomer, Kershaw has the typical “Fuck you, I got mine” mindset when he's called out on the retardation that is the Home Equity Tax:


And I'm just going to repost some public info:

He's of course a luxury liberal, living in a home worth over half a million dollars:

Street view of the house, which is considered expensive in Canada:

 

[Brutality]

The Home Equity Tax is officially being passed by Carney.

Suffer, Boomers. I hope sticking it to Trump is worth losing your home over.

The buyers remorse is going to be whiplash inducing, but the boomers deserve it. It'll do them some good as they say to us whenever we complain about our lives getting worse

 

[Sooty Soot]

Canada should petition the Indian government for annexation

 

[Kiwisee]

The buyers remorse is going to be whiplash inducing, but the boomers deserve it. It'll do them some good as they say to us whenever we complain about our lives getting worse

Its worth rubbing the “You voted for this” in their faces in the coming years.

 

[Lobster Cult High Priest]

The Home Equity Tax is officially being passed by Carney.

I just took a look and I see no articles about anything upcoming.

We have the Principal residence exemption where when you sell a property you can exempt 100% of the capital gain (the capital gain is then subject to the inclusion rate where only 50% is taxable (Justo wanted to increase the inclusion rate back up to 66.67%, this used to be 75% before the year 2000 where it went down in stages to 66.67% inclusion down to 50% inclusion rate)

The way it works is when you sell the house you designate the number of years you claim it as your principal residence and you get a free 1+ year as you will own more than 2 properties in the year you sell and move into another house.

Formula...
Sales price (-) Selling costs like commissions and legal fees = Proceeds on disposition

Proceeds (-) Adjust cost basis = Capital gains

Capital gains * Inclusion rate * (Number of years designated as principal residence + 1 / Total years owned) --> This gives you the taxable gain

Taxable gain * Marginal tax rate (taxed the same as other income)

Taxes payable

You only pay capital gains on the house where you owned 2 or more residential properties during the year. Think like a family cottage or your a landlord who is constantly moving from one rental property to another rental property to evict shitty tenants.

In summary Carney isn't going to remove the principal residence exemption as it will be political suicide

 

[Hokuriku]

In summary Carney isn't going to remove the principal residence exemption as it will be political suicide

Being a minstrel artist was supposed to be political suicide and these geriatric retards voted the same party back in three times in a row.

Do you part, cough on the elderly.

 

[Purple Francis]

Do you part, cough on the elderly.

Every day I wish Covid was as deadly as we were led to believe.

 

[Lobster Cult High Priest]

Do you part, cough on the elderly.

and turn us into a Pajeet shithole even faster.

 

[Hokuriku]

and turn us into a Pajeet shithole even faster.

Boomers are the reason why parties are so pussywhipped about bringing up deportation.

 

[Spooky Space Kook]

and turn us into a Pajeet shithole even faster.

The boomers are the ones who turned us into a shit hole with foreigners. They sell their homes to the highest bidder which is either a corporation, rich Chinese people or a horde of 20 Indians. Boomers love to feel cultured without suffering the consequences of it.

 

[Ser Prize]

The buyers remorse is going to be whiplash inducing, but the boomers deserve it. It'll do them some good as they say to us whenever we complain about our lives getting worse

Bah, not like they'll learn anything.

 

[Sweetpeaa]

I should of taken a video of this when I had the chance but two weeks ago at a park in Guelph I saw several young Indian men with backpacks just walking around. There were more than 70 of them. They were walking in groups of five, some groups of two just walking around aimlessly through this park. They all looked very out of place and somewhat bewildered like they were just dropped off. Every single one had a backpack and like they weren't familiar with the area or what to do with themselves . Some looked like they might be homeless. Every single one was Indian and they were non English speaking, I don't know if anyone of them knew English but they weren't using any when speaking to eachother.

It was all very weird. White families walked by and looked at them strangely.

I have never seen anything like this before. I've seen tons of immigration but this was just weird. It's like they were all dropped off like I said above practically all at once.

 

[Purple Francis]

Unless I'm being retarded the property capital gains tax is only if you have multiple properties and only charged when you sell?

If so, non-selling landchads stay winning.

 

[Outer Space Traveller]

The Home Equity Tax is officially being passed by Carney.

Suffer, Boomers. I hope sticking it to Trump is worth losing your home over.

Edit: Here’s the faggot whose been pushing for a home equity tax, who has undoubtedly contributed to everyone under 50 being unable to afford a home.
View attachment 7305342
Xitter account
Blue Sky account for “Generational Squeeze”

If you ever had any doubts that socialism is only there to benefit Boomers, here it is straight from the horse’s mouth:
View attachment 7305348

Like a typical Boomer, Kershaw has the typical “Fuck you, I got mine” mindset when he's called out on the retardation that is the Home Equity Tax:
View attachment 7305351

And I'm just going to repost some public info:
View attachment 7305356
He's of course a luxury liberal, living in a home worth over half a million dollars:
View attachment 7305359
Street view of the house, which is considered expensive in Canada:
View attachment 7305368

I'm picturing the cowboy boomer now, talking to the camera , who talked "mano a mano" to Mr. Trump. Does he feel like a patriotic tough guy now, I wonder...?

 

[White Slaad]

I should of taken a video of this when I had the chance but two weeks ago at a park in Guelph I saw several young Indian men with backpacks just walking around. There were more than 70 of them. They were walking in groups of five, some groups of two just walking around aimlessly through this park. They all looked very out of place and somewhat bewildered like they were just dropped off. Every single one had a backpack and like they weren't familiar with the area or what to do with themselves . Some looked like they might be homeless. Every single one was Indian and they were non English speaking, I don't know if anyone of them knew English but they weren't using any when speaking to eachother.

It was all very weird. White families walked by and looked at them strangely.

I have never seen anything like this before. I've seen tons of immigration but this was just weird. It's like they were all dropped off like I said above practically all at once.

They exhibit this weird NPC behaviour when they're not working where they just find a place to stand or talk to someone. You can always seeing them standing on their front lawn like an ornament, even if they have a huge backyard. This is different than just going for a walk and taking a minute, it's like they don't know what to do. I don't think Indians have hobbies: all they know to do is socialize loudly in public.

 

[zzzten]

They exhibit this weird NPC behaviour when they're not working where they just find a place to stand or talk to someone. You can always seeing them standing on their front lawn like an ornament, even if they have a huge backyard. This is different than just going for a walk and taking a minute, it's like they don't know what to do. I don't think Indians have hobbies: all they know to do is socialize loudly in public.

This is eerily similar to how incels talk about women

 

[Hokuriku]

Unless I'm being retarded the property capital gains tax is only if you have multiple properties and only charged when you sell?

If so, non-selling landchads stay winning.

They effectively have a majority, they can write it up to say whatever the fuck they want.

 

[Lobster Cult High Priest]

Unless I'm being retarded the property capital gains tax is only if you have multiple properties and only charged when you sell?

If so, non-selling landchads stay winning.

Correct

They effectively have a majority, they can write it up to say whatever the fuck they want.

Yes but that's an action that would be political suicide especially considering boomer's wealth is tied up in their real estate.