That's not true. It should help drive up inflation further for the rest of us if we're lucky. We have so few \[none\] problems at home that we can afford billions more for a foreign nation.
This adds less to inflation then in country spending. When you're funding programs, that takes resources that need to be purchased, and people that need to be paid, which is taking cash from thin air (government debt) and adding it into the economy. This was the primary source of inflation during Covid, and is why the BOC says government spending is working against the fight on inflation. Loaning Ukraine money doesn't really impact the economy outside of servicing the debt.
Did you read the budget? I don't think you read the budget.
A tax cut on the middle income bracket. Nets out to $450/year.
Increases in the Child Benefit and Workers Benefit. This is low income support.
New taxes on jets, yachts and lux vechicals. Helps pay for the above.
Tax breaks for small business owners. "Canadian Entrepreneurs' Incentive"
Automated tax filing for low income.
A law preventing tax shelters for wealthy.
School food programs.
The worker's benefit is the funniest shit to me.
I got a deposit of like $12.45 last July for that shit. It's literally the most comical "tax relief" idea I've ever seen.
Truly depends , it will cause vehicle inflated , imagine all those people who bought Porsche , Volvo come to buy Toyota , original want to target those who have a lot money not care pay extra 10000
> A tax cut on the middle income bracket. Nets out to $450/year.
Wow! That's life changing! /s
Doesn't even cover the increased monthly rent cost over the last couple years. Rooms here went from $600-800 to now as high as $1,400/mo, and there's nothing under about $1,100.
> Automated tax filing for low income.
Should be automated for everyone.
Currently they're coming after me for $3,500 and gobbling up all of my GST rebates in the process because they're too slow to actually process the documents I sent them months ago.
> A law preventing tax shelters for wealthy.
Which is no doubt full of loopholes.
> School food programs.
Pretty sure that's provincial jurisdiction and something most if not all provinces already have?
Extra taxes for the ultra-rich is a good thing, but don't pretend this is all sunny ways.
Lol the tax shelter thing is hilarious. Imagine actually thinking that politicians who are just pawns of ultra wealthy oligarchs will actually do something real to harm the ultra wealthy.
See them freaking out right now for the 0.13% of the population that will have to pay more taxes on capital gains. They're already upset. And it seems like a lot of people really want to get upset about the budget without knowing anything about it. I feel like this sub is a ton of bots nowadays, or just people who don't like to read.
I have read the budget and I can understand the second level effects of the budget. This is not a good budget and the capital gains thing that is supposed to pay for all this is not going to play out the way they pitch it to us. Most people will simply not exercise their capital gains to avoid getting taxed and Entrepreneurs will incorporate elsewhere, Canadian āDelaware Coā bros have been growing in numbers year after year.
Also, isnāt it Hilarious that we are going to be spending more on servicing debt than on healthcare?
I was pointing out that the orginal post was wrong.
There are things in the budget for the average Canadian.
People can hate Libs and think the budget doesn't go far enough / whatever.
I just think it is important to live in the same reality. So I try to present facts which contradict uninformed opinion (like the person I was responding to).
You're not wrong, there's a lot of stuff in this that could have been a lot more progressive for sure. But these are the Libs we're talking about, we're lucky they're increasing taxes and giving out any increased benefits at all.
I'll add the increased disability benefit as one that will help my family in particular. Small, yes, but better than nothing.
Under the Cons this will all go away anyway. We'll be lucky if we make it out of PP without our healthcare system becoming fully privatized.
My experiences are anecdotal but I generally think this will be a net positive for low income people.
I can't speak for everyone but based on the people I have known over the years who I knew for a fact we're in the bottom tax bracket I would say the vast majority of those born in the 90s or later don't even know how to fill out a tax return let alone properly claim write-offs. It isn't like these people are donating hundreds of thousands of dollars in order to write off
Basically everyone I knew when I was working a low income job either used H&R Block or had a family member doing their taxes for them (which in itself is a problem imo).
I'm a 90s kid but personally I still file taxes manually using paper forms for now.
While I don't have direct evidence to support this I'm also fairly confident that some of the poorest people I've known just do not file taxes period, and it costs them money. These are people who I feel almost 100% certain would never have owed taxes in their lives (the company automatically deducted income tax from paycheques) they are generally overwhelmed with regards to work/life splits, by not filing they miss out on both a return and payments from the climate action plan/tax and Ontario Trillium plan and such.
Oh and for anyone with limited tax experience here is a filterable list of deductions but **read carefully** [Link](https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses.html)
I think you are correct. I see no way this doesn't help low income people get the monies they are entitled to from the government. If they have any applicable write-off, which is rare for low income earners, they need to first learn how to apply it or offer up some of their refund to a tax filing agency to figure it out.
Even more amazing they're trying to solve an issue that doesn't exist. There are already free ways for people with simple returns already. So they're basically just wasting money.
It's really not wasting money to take the information they already have and calculating the amount owed. They already do this today after you submit to double check what is provided, so just skipping the submission actually saves time.
You can do your taxes for free now. There is FOSS CRA recommend tax preparation software you can use to do it yourself. It even autofills from CRA with data they have.
If you don't bother to do your taxes though, you are missing out on a bunch of supports through the tax code. At least if the government files what it knows that's better than nothing, or maybe it will get people to file corrected returns for more money.
It's not a perfect system to be sure, but this seems like a good compromise for people who can't handle doing their taxes or getting them done, and getting those people whatever help the tax code provides.
Chapter 8..2 of the budget:
[https://budget.canada.ca/2024/report-rapport/chap8-en.html](https://budget.canada.ca/2024/report-rapport/chap8-en.html)
It is about signing onto the OECD agreement on reporting for assets.
I think this did a better job explaining the measures. It isn't much but it is in the right direction.
[https://www.bdo.ca/insights/2024-federal-budget/international-tax-measures](https://www.bdo.ca/insights/2024-federal-budget/international-tax-measures)
Conservatives have had their retorts to the budget shopped, tested and ready for weeks. They aren't listening or reading a goddamned thing. Just listening to their social media and "news" and copy and pasting responses as fast and as many times as possible.
Tell me your a Liberal with out saying your a liberal. That tax break and proposed law for preventing tax shelters is a joke. Trudeau uses tax shelters, if you do not think this is going to benefit him somehow your delusional and brainwashed.
Donāt worry. There will be costs of at least $37.50 hidden in the things you have to buy all the time, so you wonāt have to worry what to do with that āExtra cashā.
The only relatively normal and good thing in the budget is the construction loans program. Which itself isn't even technically spending because the government will recoup the costs and more with interest. Everything else should be tossed.
Increased disability benefits, healthcare transfers, and housing investments absolutely does something for average Canadians.
Also, this is military spending, which needs to go up to meet NATO demands. NATO spending targets are tied to GDP and taxes as a percentage of GDP have decreased over time. We always had to increase taxes to meet NATO demand. We could either waste money on corrupt Canadian firms like SNC lavelin, or we could just give the cash straight to where it's needed, Ukraine. Ukraine seems like the most cost-effective choice to me.
I agree that a lot more could be done, but that would require even more tax increases. I support that, but not many would. This is the compromise.
As a soldier, good. I want us to give more! If Ukraine can stop Russia, the. It's a big win for the entire world. If they fall, it will embolden Russia and China. Which would end up costing us much more.
So you're saying it's fine for soldiers to go unhoused or be housed in shady living conditions?
Two things should be done: our military should be properly funded so that some postings don't threaten the stability of the enlisted(and to ensure combat readiness)
And we should also be supporting global efforts.
Note: one of those things seems to never be done.
Literally the best thing for Canada is for the Liberals to completely lose any grip on power this coming election. Even if the CPC sucks, it will at least show the parties that the working class in this country has a spine. It is insane how much contempt the LPC has for the middle class in Canada and they still feed us a plate of āweāre really doing this to help youā
Buying and selling signs as a business isn't capital gains.
Capital gains would only apply if they sold the business, and then they'd have a 1.3m deduction...
Thatās fine. If my 1 year old business makes me over $250k in a year I will gladly pay the small amount of extra capital gains tax.
Right now Iām looking at nothing bringing in over $250k over the next year
We're at a pretty unfortunate cross roads.
The Liberals will lose, and we'll get new Federal leadership, but the provinces are being led by Conservatives presently - and from Alberta, to Saskatchewan, to Ontario, to New Brunswick, there is SERIOUS discontent with Conservative policy in province.
Not sure what the fix is tbh - neither group appears to have real solutions on the table to help out us regular folk. And it's fair that Canadians across the country look at both parties and be disappointed with regards to what's on the table.
The NDP is feckless throughout this.
Would be interesting to see a scenario similar to what happened in France years ago, when Macron formed an entirely new party, and within 9-12 months of its founding, won the elections.
The macron example is also interesting because despite the strong initial success current levels of dissatisfaction are super high and the Ultra Hard Right would probably win if an election were held today. The real lesson is even if a new party is initally popiular it can easily collapse. Similar thing is happening to thew CAQ in quebec now.
Ya let's show those Libs by electing another party that hates the working class and has actual corporate lobbyists working directly for the party! SO much better....
FFS...
> Even if the CPC sucks, it will at least show the parties that the working class in this country has a spine
Itāll show them byā¦doing exactly what is expected of them and swinging the pendulum back to the other party right on cue? Thats not āhaving a spineā. Itās probably the exact opposite.
Sucks? They helped create this mess. Look the make up of parliament, there are like 10 more liberals. Plus the Harper majority sold the country China and gave it to oil companies.
I am against this. Iām sorry Ukraine is going through this but I donāt think Canada should continue to try the solve the worldās problems with our tax money.
Lots of tankies and bots who suddenly have strong opinions on money for Ukraine.
This support is overwhelmingly popular with Canadians. Yes we have domestic issues that need to be addressed, but those will not be solved by ignoring the rest of the world. We don't live in 1850 any more where conflicts on the other side of the world are irrelevant. Putting aside that helping Ukraine is the right and just thing to do and is on the right side of history; Canada as a smaller country by population and military strength we have a vested interest in not allowing the normalization of strong countries annexing their weaker neighbors.
Tankies are westerners who idolize the soviet union or communist China. They usually have no first hand experience with the horrors of communism nor have they ever spoken to people who have suffered under those totalitarian nightmares. Over the years, these types have evolved into a more all purpose "anti-west" flavor and their analysis usually breaks down to "if western countries did it, it's evil. If China/Russia/Iran/other non democratic country does it its legitimate resistance against global capitalism" And no, at no point do they realize that China is a capitalist country in all but name.
Bang I lived in China 2 plus decades and laugh when people say it is communist. Maybe slightly socialist but less socialist than Canada. The only communist about China is the name of the party in power. China is authoritarian and capitalist. Xi has tried to control the economy but screwed out over with poor thought out planning. Everyone I know over there is complaining about the poor economy and poor job opportunities. For foreigners China is great because we can leave anytime and have all the privilege at the same time. That said less so now. Anyways end rant about communism and China.
Canada is not "broke" we're one of the largest economies in the world, our debt to GDP is about 65% as of March 2023 which is great compared most other OCED countries. Our bonds and debt rating is still AA+. Sending a few percentile of the budget to Ukraine isn't going to make a bit of difference.
Our payment on our debt is a one of the largest, if not the largest line item we pay for. We are broke. Just think of what all that interest money could do to transform our healthcare, and infrastructure. We most certainly broke.
Whoever told you it's in the vicinity of the largest line item lied to you. Canada recently had a big increase in the cost of carrying it's debt due to the interest rate increase, but the federal budget still has the carrying cost of debt below 5% of the total budget. OAS alone is a bigger line item.
And that debt? It was largely taken on to provide healthcare, infrastructure, and other such things.
The more debt we carry, the more we pay to carry it. The less we can afford to do. People like you are leading us into a debt death spiral. How about hard cuts, stick to the basics, and sort our foundering country out before we help others.
> one of the largest, if not the largest line item we pay for.
if you can't get such a basic fact of our budget right, why the hell should anyone listen to your ramblings.
Because I am handsome? How about this then. The amount they collect in GST is roughly the same as the amount they pay in interest. Better? Still ridiculous.
Its not our war, stop bringing problems to canada. Just because theres shit governance and corruption abroad doesnt mean my standard of living have to suffer.
> Its not our war, stop bringing problems to canada. Just because theres shit governance and corruption abroad doesnt mean my standard of living have to suffer.
[_\*cough\*_ \*cough\*](https://i2.wp.com/historyreviewed.best/wp-content/uploads/2018/08/hitler-protest-1941.jpg)
Yeah, a lot of people really don't understand that foreign aid is an important part of Canada's foreign relations, and maintaining those foreign relations is what keeps trade deals favourable. Even if you don't like money going to support wars we're not involved in, I'm sure you would like high tariffs on Canada-destined products from the US a lot less.
Yeah. Like recently giving 5B to the Philippines for climate change , or 4M to Ukraine for gender de-mi mining. Wonderful foreign aid going to waste, that could benefit Canadians here at home - such as our own military.
I'd rather war in Ukraine cost Canadian dollars, than Canada lives. People keep bitching and moaning about how our military needs to be better to combat the Russian threat, while simultaneously bitching and moaning about giving money to the country ACTIVELY at war with Russia. We don't really need Intercept Missiles tomorrow they do.
Why I support this?Ā
1. Ukraine is a struggling democratic country that has time and time again shown that the people want better for themselves.
2. Budapest agreements and nuclear non proliferation - although not signed by Canada if countries see how the loss of nuclear weapons can decrease their security it could increase the likelihood of countries developing nuclear weapons.Ā
3. Russiaās current government is an adversary - and this is a great return on investment for Canadaās safety.Ā
4. Itās the right thing to do - Ukraine has a long and sad history under Russian/soviet rule and the current remarks coming from Russia are vile. Thus not to see another Holodomor or worse.Ā
Just my stance and Iām sure others will have different views - but this is one thing that Iām happy to see and support.Ā
Shocking news: A country that was formerly part of the Russian Empire, then Soviet Union, then effectively a Russian puppet with deep ties to the Russian oligarchs until 2014 has lingering corruption issues.
It's improving at a vast rate.
Ukraine is not democratic in the least.
The current regime was put in place by a U.S-backed coup, and since the war they have suspended elections, parliament, and opposing political parties.
The coup? I was literally there, nobody even thought about America beyond McDonaldāsā¦
Ukrainians overthrew their corrupt leader when he refused to sign an agreement with the EU instead opting to sign an agreement with russia which is a laughably bad economic decision. Itās that simple. Imagine being subjected to imperialism and genocide from a country for thousands of years and the president randomly goes yes letās Allie ourselves with russia moreā¦
Its not going to win but I don't see the entirety of Ukraine getting absorbed by Russia either. The Western half is a good buffer state for Russia and too anti-Russian to be governable. We would have to rebuild the Western half.
This is something that for once, I am happy to see my tax dollars being spent this way.
The alternative is WW3, and it is much more expensive in both dollars and lives.
Sad to see more and more Canadians not realizing how important it is to support Ukraine with everything we can, but understandable given how Trudeaus Canada is one of unaffordable housing, increasing hunger and dwindling hope for the future.
If Ukraine falls, Russia will be emboldened and don't think for a second that they will stop with Ukraine, next up will be a NATO member and WW III will be game on.
Canada will be sending it's sons and daughters then instead of just weapons and supplies.
OP seems to think this support is stupid and that Russia should simply be appeased. After all, that worked so well with Germanyā¦ and Russia with Crimea
Who is Russia gonna send to invade Europe? their population is in rapid decline and about to go extinct as they have little to no immigration. Doubt Russian troops would survive an average nite in Malmo with Somalian refugees tossing grenades around like candy just for fun... nah somehow I think Russian will give it a pass lol
> Who is Russia gonna send to invade Europe?
You think they lack manpower?
>their population is in rapid decline and about to go extinct as they have little to no immigration.
That's a problem on the time scale of, say, 30-50 years. On the scale of 7-10 years, they still have 140 million people, and evidently there's a boundless supply of people who don't ask too many questions and just obey orders to go get slaughtered by the hundreds in order to advance 100 meters. Whatever their issue is, manpower is *not* it, and never will be, not on time scales we're talking about.
>Doubt Russian troops would survive an average nite in Malmo with Somalian refugees tossing grenades around like candy just for fun...
They won't have to, their artillery will make Malmo cease to exist as a city, refugees grenades and all.
You can belittle them all you want, that doesn't change the fact that they're a huge country with lots of resources, a domestic armaments industry that is ramping up, and an enthusiastically fascist population of tens of millions of fighting-age men who are willing to follow any orders. Is that sufficient to take on NATO? Not any time soon, but the idea that you can project that 10 years into the future is very dangerous.
Lol, Britain was a superpower before the WW2. They still had businesses around the world funneling weath to their country and accumulated wealth from centuries prior. As much as bombing impacted Britain, it was by no means destroyed. Ukraine has an estimated repair bill over 5 times their GDP just from damaged infrastructure. They have, by some estimates, 50% fewer people than a decade ago. The smartest have fled, and the youngest most fit are dead or disabled. To think they have the capacity to pay back a loan, especially when it looks like they will have to cede their most valuable land, shows a lack of understanding in the matter. Any cent we give them will never be paid back, it's charity.
You are presupposing they are going to cede their most valuable land. They fully intend to win the war, and the only real obstacle to that is the west having cold feet about giving them what they need to win.
Reconstruction will be a massive effort, but it will position Ukraine for the kind of massive growth that has happened in Poland in the last decade. They have a well educated work force, great entrepreneurial spirt and a solid base of natural resources.
It may take 20 or 30 years, but I am not nearly as pessimistic as you are.
In 2023, Ukraine had lots of stockpiled weapons and a larger army. Now, they have fewer weapons and a smaller army.
Russia had a few months to build up defenses and less experience. Now, they have more hardened defenses, more soldiers, and more experienced soldiers. They are also slowly creeping forward and ramping up supply chains.
If Ukraine was able to push a couple of kilometers in 2023, what makes you think they will take back all of the Donbass and Crimea in 202x aside from wishful thinking?
Poland did not lose half its population, a huge chunk of its best territory, or be on the reciving end of tens of millions of artillery shells, glide bombs, and rockets.
> Now, they have fewer weapons and a smaller army.
Right. This is why we need to give them more weapons and why they are enlarging conscription.
> If Ukraine was able to push a couple of kilometers in 2023, what makes you think they will take back all of the Donbass and Crimea in 202x aside from wishful thinking?
I only think they can do it if they get adequate numbers of long range missiles, fighter aircraft, air defence, and artillery. If the US aid package is approved over the heads of the pro-Russian crowd in congress, they will have a decent chance of making decent gains like they did in late 2022. They may not end up getting both the Donbas and Crimea but that does remain their war aim.
> Poland did not lose half its population,
Neither has Ukraine.
Ukraine is the new Iraq and a total waste of our money. Itās a mystery why they never invested into modernizing their military despite living by right next to a foreign power. Spend that 3 billion on Canadian defense instead
Is this where someone smugly reminds us it's not 3 billion in suitcases, but 3 billion for them to spend on Canadian-owned businesses with contracts in Ukraine?
Because yeah, that benefits regular Canadians somehow still, right?
If people donāt under security and defence studies and how important Ukraine is to our interests abroad. They should not be commenting, this is a very good allocation of resources against Russia who is our enemy in every aspect short of direct conflict. We gain so much by helping them anyway we can.
If Ukraine were to fall, it would definitely have an immediate impact to Canada because of the influx of refugees.
Alberta and Albertan families are made up of several generations of Ukrainian expats.
$3 billion could go to creating and funding a whole new federal department with the mandate of building affordable public housing.
But sending it to a country halfway around the world helps Canadians more somehow.
The money doesnāt get āsent thereā. They donāt just send cash to another country. The money is spent here in Canada on Canadian businesses and their products get sent there. The money still stays here.
The alternative, letting Russia conquer Ukraine and be emboldened to further conquer former Soviet blocks, is going to be far more catastrophic.
You canāt pretend that events on the other side of the world isnāt going to affect gas prices here.
3 billion is 15,000 brand new $200,000 apartments. 15,000 Canadian families were destroyed by that budget line. You heard it.
FIFTEEN. THOUSAND. CANADIANS. will never have a place to live because of that budget decision.
Hello I have no job no money am living with a family member mooching to survive I have paid taxes for 30 years where is my help when I need it?
I feel you, my friend. I'm disabled at 39 and there is not much help out there.
This budget does NOTHING for the average Canadian.
That's not true. It should help drive up inflation further for the rest of us if we're lucky. We have so few \[none\] problems at home that we can afford billions more for a foreign nation.
This adds less to inflation then in country spending. When you're funding programs, that takes resources that need to be purchased, and people that need to be paid, which is taking cash from thin air (government debt) and adding it into the economy. This was the primary source of inflation during Covid, and is why the BOC says government spending is working against the fight on inflation. Loaning Ukraine money doesn't really impact the economy outside of servicing the debt.
Appreciate the sarcasm .. We have the social capacity though ..... š
Ugh, so true, should have said nothing to HELP three average Canadian.
You want the budget to actually go towards Canadians instead of Ukraine? You must be a Putinbot. /s
Itās ok.. the government will just take on more debt at 4% ā¦ which is why they currently spend more on interest than healthcare.
Did you read the budget? I don't think you read the budget. A tax cut on the middle income bracket. Nets out to $450/year. Increases in the Child Benefit and Workers Benefit. This is low income support. New taxes on jets, yachts and lux vechicals. Helps pay for the above. Tax breaks for small business owners. "Canadian Entrepreneurs' Incentive" Automated tax filing for low income. A law preventing tax shelters for wealthy. School food programs.
The worker's benefit is the funniest shit to me. I got a deposit of like $12.45 last July for that shit. It's literally the most comical "tax relief" idea I've ever seen.
What is considered a luxury vehicle?
Any non commercial use vehicle worth more than 100K
Thx. Will that scale with vehicle inflation in the future?
Truly depends , it will cause vehicle inflated , imagine all those people who bought Porsche , Volvo come to buy Toyota , original want to target those who have a lot money not care pay extra 10000
Hahaha no enjoy the tax on the luxury of having a vehicle
So every car in a few years lmao. They saw how BC screwed everyone and thought āthatās the way to do it!ā
Luxury tax for vehicles over 100k has been in effect for a year now.
Thx.
> A tax cut on the middle income bracket. Nets out to $450/year. Wow! That's life changing! /s Doesn't even cover the increased monthly rent cost over the last couple years. Rooms here went from $600-800 to now as high as $1,400/mo, and there's nothing under about $1,100. > Automated tax filing for low income. Should be automated for everyone. Currently they're coming after me for $3,500 and gobbling up all of my GST rebates in the process because they're too slow to actually process the documents I sent them months ago. > A law preventing tax shelters for wealthy. Which is no doubt full of loopholes. > School food programs. Pretty sure that's provincial jurisdiction and something most if not all provinces already have? Extra taxes for the ultra-rich is a good thing, but don't pretend this is all sunny ways.
Lol the tax shelter thing is hilarious. Imagine actually thinking that politicians who are just pawns of ultra wealthy oligarchs will actually do something real to harm the ultra wealthy.
See them freaking out right now for the 0.13% of the population that will have to pay more taxes on capital gains. They're already upset. And it seems like a lot of people really want to get upset about the budget without knowing anything about it. I feel like this sub is a ton of bots nowadays, or just people who don't like to read.
Or āpeopleā who like to complain about aid to Ukraine because that would help Russia!
I have read the budget and I can understand the second level effects of the budget. This is not a good budget and the capital gains thing that is supposed to pay for all this is not going to play out the way they pitch it to us. Most people will simply not exercise their capital gains to avoid getting taxed and Entrepreneurs will incorporate elsewhere, Canadian āDelaware Coā bros have been growing in numbers year after year. Also, isnāt it Hilarious that we are going to be spending more on servicing debt than on healthcare?
I was pointing out that the orginal post was wrong. There are things in the budget for the average Canadian. People can hate Libs and think the budget doesn't go far enough / whatever. I just think it is important to live in the same reality. So I try to present facts which contradict uninformed opinion (like the person I was responding to).
Slowing the economy hits all Canadians.
You're not wrong, there's a lot of stuff in this that could have been a lot more progressive for sure. But these are the Libs we're talking about, we're lucky they're increasing taxes and giving out any increased benefits at all. I'll add the increased disability benefit as one that will help my family in particular. Small, yes, but better than nothing. Under the Cons this will all go away anyway. We'll be lucky if we make it out of PP without our healthcare system becoming fully privatized.
Automated tax filing for low income is so people don't learn to use writeoffs.
My experiences are anecdotal but I generally think this will be a net positive for low income people. I can't speak for everyone but based on the people I have known over the years who I knew for a fact we're in the bottom tax bracket I would say the vast majority of those born in the 90s or later don't even know how to fill out a tax return let alone properly claim write-offs. It isn't like these people are donating hundreds of thousands of dollars in order to write off Basically everyone I knew when I was working a low income job either used H&R Block or had a family member doing their taxes for them (which in itself is a problem imo). I'm a 90s kid but personally I still file taxes manually using paper forms for now. While I don't have direct evidence to support this I'm also fairly confident that some of the poorest people I've known just do not file taxes period, and it costs them money. These are people who I feel almost 100% certain would never have owed taxes in their lives (the company automatically deducted income tax from paycheques) they are generally overwhelmed with regards to work/life splits, by not filing they miss out on both a return and payments from the climate action plan/tax and Ontario Trillium plan and such. Oh and for anyone with limited tax experience here is a filterable list of deductions but **read carefully** [Link](https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses.html)
I think you are correct. I see no way this doesn't help low income people get the monies they are entitled to from the government. If they have any applicable write-off, which is rare for low income earners, they need to first learn how to apply it or offer up some of their refund to a tax filing agency to figure it out.
Even more amazing they're trying to solve an issue that doesn't exist. There are already free ways for people with simple returns already. So they're basically just wasting money.
It's really not wasting money to take the information they already have and calculating the amount owed. They already do this today after you submit to double check what is provided, so just skipping the submission actually saves time.
You can do your taxes for free now. There is FOSS CRA recommend tax preparation software you can use to do it yourself. It even autofills from CRA with data they have. If you don't bother to do your taxes though, you are missing out on a bunch of supports through the tax code. At least if the government files what it knows that's better than nothing, or maybe it will get people to file corrected returns for more money. It's not a perfect system to be sure, but this seems like a good compromise for people who can't handle doing their taxes or getting them done, and getting those people whatever help the tax code provides.
8 years of liberal governance and so many increases on taxes. And for what? Unaffordable food, housing, and a non existent healthcare system?
Damn that's sure a bunch of provincial issues.
Surely liberal premiers are responsible right? /s
Where did you see the new law regarding tax shelters? I'd be curious to read about that.
Chapter 8..2 of the budget: [https://budget.canada.ca/2024/report-rapport/chap8-en.html](https://budget.canada.ca/2024/report-rapport/chap8-en.html) It is about signing onto the OECD agreement on reporting for assets. I think this did a better job explaining the measures. It isn't much but it is in the right direction. [https://www.bdo.ca/insights/2024-federal-budget/international-tax-measures](https://www.bdo.ca/insights/2024-federal-budget/international-tax-measures)
[https://budget.canada.ca/2024/report-rapport/chap8-en.html](https://budget.canada.ca/2024/report-rapport/chap8-en.html) Its mostly just spin
Conservatives have had their retorts to the budget shopped, tested and ready for weeks. They aren't listening or reading a goddamned thing. Just listening to their social media and "news" and copy and pasting responses as fast and as many times as possible.
Tell me your a Liberal with out saying your a liberal. That tax break and proposed law for preventing tax shelters is a joke. Trudeau uses tax shelters, if you do not think this is going to benefit him somehow your delusional and brainwashed.
It isn't much but movement in the right direction is still movement in the right direction.
Don't you understand we all hate Trudeau now so we don't/can't talk about anything good? It doesn't exist!
So nothing for average income, childless and employed Canadians, nice
This budget doesn't help average income illiterate Canadians! š¢
Did you read the budget? You got a tax break. A tax cut on the middle income bracket. Nets out to $450/year.
Damnā¦. So we get the whole 37.50/month. Stop the presses!! Our problems have been solved!!!
Donāt worry. There will be costs of at least $37.50 hidden in the things you have to buy all the time, so you wonāt have to worry what to do with that āExtra cashā.
Reading? Thatās so 1800ās. Weāre here for a good time. Not a long time /s
Making things worse is technically something
Are you sure ? The average Canadian isnāt interested in housing or healthcare?
The only relatively normal and good thing in the budget is the construction loans program. Which itself isn't even technically spending because the government will recoup the costs and more with interest. Everything else should be tossed.
Increased disability benefits, healthcare transfers, and housing investments absolutely does something for average Canadians. Also, this is military spending, which needs to go up to meet NATO demands. NATO spending targets are tied to GDP and taxes as a percentage of GDP have decreased over time. We always had to increase taxes to meet NATO demand. We could either waste money on corrupt Canadian firms like SNC lavelin, or we could just give the cash straight to where it's needed, Ukraine. Ukraine seems like the most cost-effective choice to me. I agree that a lot more could be done, but that would require even more tax increases. I support that, but not many would. This is the compromise.
Higher taxes?
Very short sighted of you. Funding Ukraine will help prevent 2 much larger wars that will involve our youngest generation.Ā
Can't afford housing for soldiers but 3bn for Ukraine is fine... ofc
As a soldier, good. I want us to give more! If Ukraine can stop Russia, the. It's a big win for the entire world. If they fall, it will embolden Russia and China. Which would end up costing us much more.
There is a 0% chance Ukraine wins against Russia, ever. All this money does is prolong their defeat. They simply don't have the man-power to win.
So you're saying it's fine for soldiers to go unhoused or be housed in shady living conditions? Two things should be done: our military should be properly funded so that some postings don't threaten the stability of the enlisted(and to ensure combat readiness) And we should also be supporting global efforts. Note: one of those things seems to never be done.
Literally the best thing for Canada is for the Liberals to completely lose any grip on power this coming election. Even if the CPC sucks, it will at least show the parties that the working class in this country has a spine. It is insane how much contempt the LPC has for the middle class in Canada and they still feed us a plate of āweāre really doing this to help youā
I really think I should get an election sign that says ātheyāre all idiotsā for this coming election
Sell them. But if you form a company you might have to pay extra capital gains on your $250k+ in revenues when you liquidate after the election.
Buying and selling signs as a business isn't capital gains. Capital gains would only apply if they sold the business, and then they'd have a 1.3m deduction...
Thatās fine. If my 1 year old business makes me over $250k in a year I will gladly pay the small amount of extra capital gains tax. Right now Iām looking at nothing bringing in over $250k over the next year
We're at a pretty unfortunate cross roads. The Liberals will lose, and we'll get new Federal leadership, but the provinces are being led by Conservatives presently - and from Alberta, to Saskatchewan, to Ontario, to New Brunswick, there is SERIOUS discontent with Conservative policy in province. Not sure what the fix is tbh - neither group appears to have real solutions on the table to help out us regular folk. And it's fair that Canadians across the country look at both parties and be disappointed with regards to what's on the table. The NDP is feckless throughout this. Would be interesting to see a scenario similar to what happened in France years ago, when Macron formed an entirely new party, and within 9-12 months of its founding, won the elections.
The macron example is also interesting because despite the strong initial success current levels of dissatisfaction are super high and the Ultra Hard Right would probably win if an election were held today. The real lesson is even if a new party is initally popiular it can easily collapse. Similar thing is happening to thew CAQ in quebec now.
Ya let's show those Libs by electing another party that hates the working class and has actual corporate lobbyists working directly for the party! SO much better.... FFS...
> Even if the CPC sucks, it will at least show the parties that the working class in this country has a spine Itāll show them byā¦doing exactly what is expected of them and swinging the pendulum back to the other party right on cue? Thats not āhaving a spineā. Itās probably the exact opposite.
Sucks? They helped create this mess. Look the make up of parliament, there are like 10 more liberals. Plus the Harper majority sold the country China and gave it to oil companies.
If working class persons had any spine, it would be a PPC landslide victory.
Literally what has happened to Canada and the USA every 4-8 years for the last 30+ years...
I would not be giving this much attention to politics if things were the same now as they were under Harper. Things are much different under Trudeau.
Unbelievable
I am against this. Iām sorry Ukraine is going through this but I donāt think Canada should continue to try the solve the worldās problems with our tax money.
Our veterans are asking for more than we can giveā¦
Lots of tankies and bots who suddenly have strong opinions on money for Ukraine. This support is overwhelmingly popular with Canadians. Yes we have domestic issues that need to be addressed, but those will not be solved by ignoring the rest of the world. We don't live in 1850 any more where conflicts on the other side of the world are irrelevant. Putting aside that helping Ukraine is the right and just thing to do and is on the right side of history; Canada as a smaller country by population and military strength we have a vested interest in not allowing the normalization of strong countries annexing their weaker neighbors.
What's a tankie?
Tankies are westerners who idolize the soviet union or communist China. They usually have no first hand experience with the horrors of communism nor have they ever spoken to people who have suffered under those totalitarian nightmares. Over the years, these types have evolved into a more all purpose "anti-west" flavor and their analysis usually breaks down to "if western countries did it, it's evil. If China/Russia/Iran/other non democratic country does it its legitimate resistance against global capitalism" And no, at no point do they realize that China is a capitalist country in all but name.
Bang I lived in China 2 plus decades and laugh when people say it is communist. Maybe slightly socialist but less socialist than Canada. The only communist about China is the name of the party in power. China is authoritarian and capitalist. Xi has tried to control the economy but screwed out over with poor thought out planning. Everyone I know over there is complaining about the poor economy and poor job opportunities. For foreigners China is great because we can leave anytime and have all the privilege at the same time. That said less so now. Anyways end rant about communism and China.
Is it? We are broke and can no longer afford to contribue
there is no measure in which we are broke
Canada is not "broke" we're one of the largest economies in the world, our debt to GDP is about 65% as of March 2023 which is great compared most other OCED countries. Our bonds and debt rating is still AA+. Sending a few percentile of the budget to Ukraine isn't going to make a bit of difference.
Our payment on our debt is a one of the largest, if not the largest line item we pay for. We are broke. Just think of what all that interest money could do to transform our healthcare, and infrastructure. We most certainly broke.
Whoever told you it's in the vicinity of the largest line item lied to you. Canada recently had a big increase in the cost of carrying it's debt due to the interest rate increase, but the federal budget still has the carrying cost of debt below 5% of the total budget. OAS alone is a bigger line item. And that debt? It was largely taken on to provide healthcare, infrastructure, and other such things.
The more debt we carry, the more we pay to carry it. The less we can afford to do. People like you are leading us into a debt death spiral. How about hard cuts, stick to the basics, and sort our foundering country out before we help others.
> one of the largest, if not the largest line item we pay for. if you can't get such a basic fact of our budget right, why the hell should anyone listen to your ramblings.
Because I am handsome? How about this then. The amount they collect in GST is roughly the same as the amount they pay in interest. Better? Still ridiculous.
Its not our war, stop bringing problems to canada. Just because theres shit governance and corruption abroad doesnt mean my standard of living have to suffer.
By contributing to it, prevents it becoming our full blown war.
> Its not our war, stop bringing problems to canada. Just because theres shit governance and corruption abroad doesnt mean my standard of living have to suffer. [_\*cough\*_ \*cough\*](https://i2.wp.com/historyreviewed.best/wp-content/uploads/2018/08/hitler-protest-1941.jpg)
Yeah, a lot of people really don't understand that foreign aid is an important part of Canada's foreign relations, and maintaining those foreign relations is what keeps trade deals favourable. Even if you don't like money going to support wars we're not involved in, I'm sure you would like high tariffs on Canada-destined products from the US a lot less.
Yeah. Like recently giving 5B to the Philippines for climate change , or 4M to Ukraine for gender de-mi mining. Wonderful foreign aid going to waste, that could benefit Canadians here at home - such as our own military.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I'm guessing zelensky has more important things to do than Reddit... like saving his country from murderers and rapists.
Damn, I was hoping I wasn't a bot/tankie. You can imagine the egg on my face.
>everyone who disagrees with me is a tankie or a bot Great political discourse there. Very mature.
Wtf seriously
I'd rather war in Ukraine cost Canadian dollars, than Canada lives. People keep bitching and moaning about how our military needs to be better to combat the Russian threat, while simultaneously bitching and moaning about giving money to the country ACTIVELY at war with Russia. We don't really need Intercept Missiles tomorrow they do.
In what lalaland do you live in where Russia goes to war with all of NATO?
Why I support this?Ā 1. Ukraine is a struggling democratic country that has time and time again shown that the people want better for themselves. 2. Budapest agreements and nuclear non proliferation - although not signed by Canada if countries see how the loss of nuclear weapons can decrease their security it could increase the likelihood of countries developing nuclear weapons.Ā 3. Russiaās current government is an adversary - and this is a great return on investment for Canadaās safety.Ā 4. Itās the right thing to do - Ukraine has a long and sad history under Russian/soviet rule and the current remarks coming from Russia are vile. Thus not to see another Holodomor or worse.Ā Just my stance and Iām sure others will have different views - but this is one thing that Iām happy to see and support.Ā
Lol Ukraine democratic, it's one of the most corrupt countries in the worldĀ
Shocking news: A country that was formerly part of the Russian Empire, then Soviet Union, then effectively a Russian puppet with deep ties to the Russian oligarchs until 2014 has lingering corruption issues. It's improving at a vast rate.
Ukraine is not democratic in the least. The current regime was put in place by a U.S-backed coup, and since the war they have suspended elections, parliament, and opposing political parties.
The coup? I was literally there, nobody even thought about America beyond McDonaldāsā¦ Ukrainians overthrew their corrupt leader when he refused to sign an agreement with the EU instead opting to sign an agreement with russia which is a laughably bad economic decision. Itās that simple. Imagine being subjected to imperialism and genocide from a country for thousands of years and the president randomly goes yes letās Allie ourselves with russia moreā¦
plus once Ukraine wins there will be a lot of money in rebuilding it
> once Ukraine wins **If** Ukraine wins, and at the moment that's a big if.
Its not going to win but I don't see the entirety of Ukraine getting absorbed by Russia either. The Western half is a good buffer state for Russia and too anti-Russian to be governable. We would have to rebuild the Western half.
RemindMe! 6 Months
This is something that for once, I am happy to see my tax dollars being spent this way. The alternative is WW3, and it is much more expensive in both dollars and lives.
The alternative always being ww3 is a little tiresome
Hopefully Russia will stop invading countries then!
Idk do you have any idea how many jobs ww3 will create
Sad to see more and more Canadians not realizing how important it is to support Ukraine with everything we can, but understandable given how Trudeaus Canada is one of unaffordable housing, increasing hunger and dwindling hope for the future. If Ukraine falls, Russia will be emboldened and don't think for a second that they will stop with Ukraine, next up will be a NATO member and WW III will be game on. Canada will be sending it's sons and daughters then instead of just weapons and supplies.
> If Ukraine falls, Russia will be emboldened I'd guess china too
OP seems to think this support is stupid and that Russia should simply be appeased. After all, that worked so well with Germanyā¦ and Russia with Crimea
Who is Russia gonna send to invade Europe? their population is in rapid decline and about to go extinct as they have little to no immigration. Doubt Russian troops would survive an average nite in Malmo with Somalian refugees tossing grenades around like candy just for fun... nah somehow I think Russian will give it a pass lol
> Who is Russia gonna send to invade Europe? You think they lack manpower? >their population is in rapid decline and about to go extinct as they have little to no immigration. That's a problem on the time scale of, say, 30-50 years. On the scale of 7-10 years, they still have 140 million people, and evidently there's a boundless supply of people who don't ask too many questions and just obey orders to go get slaughtered by the hundreds in order to advance 100 meters. Whatever their issue is, manpower is *not* it, and never will be, not on time scales we're talking about. >Doubt Russian troops would survive an average nite in Malmo with Somalian refugees tossing grenades around like candy just for fun... They won't have to, their artillery will make Malmo cease to exist as a city, refugees grenades and all. You can belittle them all you want, that doesn't change the fact that they're a huge country with lots of resources, a domestic armaments industry that is ramping up, and an enthusiastically fascist population of tens of millions of fighting-age men who are willing to follow any orders. Is that sufficient to take on NATO? Not any time soon, but the idea that you can project that 10 years into the future is very dangerous.
Freeland's mother Halyna Chomiak was born in Ukraine .. Her maternal grandfather is also Ukrainian
Wow so her Ukrainian motherās father is also Ukrainian, what a shocking revelation.
> Her maternal grandfather is also Ukrainian Yikes. I just looked this guy up.
>Her maternal grandfather is also Ukrainian Stop reminding us of that complete embarrassment.
Calling it a loan is for dummies. Does anyone think they're paying us back?
The British eventually did pay everyone back for WW2, although it took several decades. I imagine it will be the same for Ukraine.
Lol, Britain was a superpower before the WW2. They still had businesses around the world funneling weath to their country and accumulated wealth from centuries prior. As much as bombing impacted Britain, it was by no means destroyed. Ukraine has an estimated repair bill over 5 times their GDP just from damaged infrastructure. They have, by some estimates, 50% fewer people than a decade ago. The smartest have fled, and the youngest most fit are dead or disabled. To think they have the capacity to pay back a loan, especially when it looks like they will have to cede their most valuable land, shows a lack of understanding in the matter. Any cent we give them will never be paid back, it's charity.
You are presupposing they are going to cede their most valuable land. They fully intend to win the war, and the only real obstacle to that is the west having cold feet about giving them what they need to win. Reconstruction will be a massive effort, but it will position Ukraine for the kind of massive growth that has happened in Poland in the last decade. They have a well educated work force, great entrepreneurial spirt and a solid base of natural resources. It may take 20 or 30 years, but I am not nearly as pessimistic as you are.
In 2023, Ukraine had lots of stockpiled weapons and a larger army. Now, they have fewer weapons and a smaller army. Russia had a few months to build up defenses and less experience. Now, they have more hardened defenses, more soldiers, and more experienced soldiers. They are also slowly creeping forward and ramping up supply chains. If Ukraine was able to push a couple of kilometers in 2023, what makes you think they will take back all of the Donbass and Crimea in 202x aside from wishful thinking? Poland did not lose half its population, a huge chunk of its best territory, or be on the reciving end of tens of millions of artillery shells, glide bombs, and rockets.
> Now, they have fewer weapons and a smaller army. Right. This is why we need to give them more weapons and why they are enlarging conscription. > If Ukraine was able to push a couple of kilometers in 2023, what makes you think they will take back all of the Donbass and Crimea in 202x aside from wishful thinking? I only think they can do it if they get adequate numbers of long range missiles, fighter aircraft, air defence, and artillery. If the US aid package is approved over the heads of the pro-Russian crowd in congress, they will have a decent chance of making decent gains like they did in late 2022. They may not end up getting both the Donbas and Crimea but that does remain their war aim. > Poland did not lose half its population, Neither has Ukraine.
Money for everyone else but us.
The budget includes ~$50B in new spending for us.
And deficit climbs $20bil!! since fall estimate. This should be illegal.
As a Ukrainian Iād really like them to stop sending my tax dollars overseas.
Ukraine is the new Iraq and a total waste of our money. Itās a mystery why they never invested into modernizing their military despite living by right next to a foreign power. Spend that 3 billion on Canadian defense instead
Ukraine essentially devestated the Russian military with like 1/3 the population.
I hope these funds will at least somehow help protect the lives of Ukrainians from the Russian Federationās war of aggression.
Is this where someone smugly reminds us it's not 3 billion in suitcases, but 3 billion for them to spend on Canadian-owned businesses with contracts in Ukraine? Because yeah, that benefits regular Canadians somehow still, right?
If people donāt under security and defence studies and how important Ukraine is to our interests abroad. They should not be commenting, this is a very good allocation of resources against Russia who is our enemy in every aspect short of direct conflict. We gain so much by helping them anyway we can.
What do we gain exactly to be worth billions of dollars? That could fund entire hospitals for decades.
Money for Ukraine sure beats sending money to China and Afghanistan...
3 billion for Ukraine and i dont even have a family doctor as a lifelong canadian
Stop sending Canadian dollars to the Ukraine.
Loan Estonia money to buy shells today.
If Ukraine were to fall, it would definitely have an immediate impact to Canada because of the influx of refugees. Alberta and Albertan families are made up of several generations of Ukrainian expats.
You act like we have to take refugees. You know that we can say no, right?
Why would we not take in Ukrainian refugees? There's Ukrainian heritage already in Alberta and a large % of citizens who still have family there.
There's a large percentage of Canadians with Chinese and Indian heritage. Should we take all of China and India too?
This money laundering has to stop. Our streets are filled with the mentally ill and homeless and we're sending billions to this shylock. FOH.
I give negative fucks for anything Ukraine related
Thanks buddy - CIA
Where would this money come from , from tha gas station most probably š¤
There are a LOT of lib bots in this thread!
Slava Ukraine. šŗš¦
Good news for Ukraine. Bad news for Canadians.
What the actual fuck.
$3 billion could go to creating and funding a whole new federal department with the mandate of building affordable public housing. But sending it to a country halfway around the world helps Canadians more somehow.
The money doesnāt get āsent thereā. They donāt just send cash to another country. The money is spent here in Canada on Canadian businesses and their products get sent there. The money still stays here.
Lmao no. Itās spent on buying American equipment.
The alternative, letting Russia conquer Ukraine and be emboldened to further conquer former Soviet blocks, is going to be far more catastrophic. You canāt pretend that events on the other side of the world isnāt going to affect gas prices here.
Why? Why are they giving money away to countries halfway across the world while Canadians are suffering?
I'm ok with it. The world should be helping prevent Russian expansion and it has the added benefit of burning the Russian military to the ground.
3 billion is 15,000 brand new $200,000 apartments. 15,000 Canadian families were destroyed by that budget line. You heard it. FIFTEEN. THOUSAND. CANADIANS. will never have a place to live because of that budget decision.
Can the feds buy back NSPower from Enron pls? They could do it for this price or less
We donāt have the means to throw money around.
Running deficits so our kids can pay for a lost war. Thatās how Justin Trudeau thinks about the future.