Cra is playing politics collecting the capital gains. Collecting it ahead of time lowers the Trudeau deficit as you said, but once reversed increases Pierre's deficit. CRA is playing politics with people's money which even with loop holes should not be their mandate
Yeah I see that but if Pierre somehow fumbles this election at the goal line and the Liberals/NDP get back into power then reapply the tax retroactively it’s a mess again.
It’s all a scam. Hopefully that capital gains tax increase falls apart . Already so many people left Canada cause of it. We need immigration and the burn out liberals think raising capital gains is going to solve problems 😂. Idiots man. They do surface level thinking those clowns. Like I said before, should have to pass iq test before getting into any position of power . At least 120 iq . Otherwise forget it
Most of the house flippers and small builders have been doing just that. Fake separation agreements, houses in family members names etc, etc in order to avoid cap gains. This is a huge amount of money. I know several flippers and builders who doing it and one does it about 4x per year and has been doing it for close to 15 years. Nothing happens to him as nobody in CRA looks into it.
Buddy, we beat the brakes off this thing by 2011, were now compacted scrap metal that's charred because the car burned up after being neglected and set on fire.
I am still blown away by the reality of running a country with a coalition style of government. IMO the elections simply make a muddied water of policy. Perhaps this is why so many of the EU nations have ended up in such dire economics straits. If Loonie drops any more we might lose our "Preferred Laundry Status" LOL
I might understand about 30% of what you guys are talking about; the more I hear, the more I start to grasp the bigger picture. Please keep the discussion going, I really appreciate what you guys are doing.
i was investment analyst for 20yrs and became a bit suspicious of the importance placed on ESG over real metrics like sust. competitive position, return on capital and balance sheet strength. enjoying the show
Just as you're launching your election campaign, Canadians see all their prices jump due to the increase in the carbon tax in April. This will be your only act as prime minister.
You don't need to act quickly, you just need to say the word! Indicate an end to the carbon tax. Indicate strong energy policy. Indicate strong mining policy. Watch Canada turn on a dime!
Great show boys. I have an idea for the twinkie bet format to keep it spicy: All 3 need to have distinct picks (whether rates or whatever). Winner from last time picks first, second picks second, third picks third (or reverse that to keep it mixed up)
Hey guys great show! I am following you for the last six month and you are right on the money! My humble comment for near future broadcast : maybe bond vigilantes will temper Trump bombastic take on economy, they did shot down Italian pm Melonie aggressive agenda down?
Rich, you should look into the immigration crisis in the United States. Pod casts in the States are asking whether Canada has as bad an immigration problem as them... Really! Their productivity index doesn't account for 12 - 20 million undocumented low wage workers. Our low wage workers are all accounted for.
You guys should play Finance Minister for a day. What would you cut from spending? How much? Why? Then do a Twinkie bet on if next administration would follow suit. Do some “back door policy” of your own 😂
Your "expert" still has a few things to learn, which is no surprise given her partisan bias. We don't need a Parliament in session to deal with the tariff threats from Trump. The executive branch, which includes the PMO and Cabinet, has the authority to address these issues. This idea that we have a "lame duck" PM who has "left us high and dry" with an "empty negotiating chair" has no basis in fact. Also, this idea that Jagmeet Singh was holding on to guarantee his pension is asinine... His riding is one of the safest NDP seats in the country and the pension isn't even a significant amount for him. As far as the CRA, having worked within it, I am of the view that it is a thoroughly corrupt organization, in part because of it being an executive branch entity that is able to "interpret" policy in a way that is usually only typical of judicial branch entities. There's a problem with your deficit math, too. As your "expert" indicated, a lot of measures that were financed in that $62B deficit budget won't be implemented, meaning that a lot of expenditure will be avoided. It's irresponsible to suggest the deficit would be $78B as a result of the reversal of the capital gains inclusion rate increase without also discussing the reduction in expenditures as a result of funded programs not being implemented.
Every Tom Dick and Harry... why... Why would them getting their shot necessarily be a bad thing? Everyone gets their shot sounds... Exactly fair. (In response to 25:30)
It's too bad your guest doesn't have a proper mic, she's a compelling speaker with interesting takes (..but I'm not listening to someone with a laptop mic for 45 minutes). Keep up the good work !
I would declare 2025 a wash. And any real change another premise would want to do might only happen 2026.... I swear this is why JT wanted to do for all the mind Games that Pier put him through 😅😅
Ya'll think JT is a lame duck!? (I generally agree with the sentiment) But ya'll are going to be in real shocked on how quickly PP will be labelled a lame duck. Some of us have seen PP in actin in the flesh here in Ottawa and ya'll are going to collectively loose your Timbits. Just like Trump, his inner circle is the worst of the worst.
PP is more of a great talker than anything else, I give you that. If he sends a message to the oil and gas industry that we are open for business all he will need to do is sell it to the public which is easy for a guy like him. I guarantee if he's true to his word and is willing to build nuclear power plants his phone will be ringing off the hook. Sometimes the best govt's just leave things alone and don't interfere. Government intervention has made every problem worse.
A little annoyed that when discussing collapsing productivity you guys don’t discuss the most signifant culprit - Property value inflation! When people and businesses are saddled with huge debts and mortgages they don’t have capital to invest back into their businesses to buy new equipment and tools and/or upgrade employee skills to improve efficiency and productivity! it’s the exact same principle as governments running up deficits and debts they have to service! Come on guys!
@ Fair play Steve. I just felt it was important to point that out. We’re all cheesed with the feds right now, but just think the situation is more complex than just bad government policy. Good Episode overall though!
The falling productivity isn't due to property value inflation - San Francisco has also had massive property values increase over the last 10-15 years but doesn't have a productivity crisis. The problem we are bringing in too many unproductive people to print GDP (aka human QE) instead of building other industries such as O&G.
I love that Keith picked up on how Justin “intends” to step down. He will never give it up without a fight.
This guest knew their shit. Awesome episode. Bring Kate back closer to election season.
Cra is playing politics collecting the capital gains. Collecting it ahead of time lowers the Trudeau deficit as you said, but once reversed increases Pierre's deficit. CRA is playing politics with people's money which even with loop holes should not be their mandate
Yeah I see that but if Pierre somehow fumbles this election at the goal line and the Liberals/NDP get back into power then reapply the tax retroactively it’s a mess again.
It’s all a scam. Hopefully that capital gains tax increase falls apart . Already so many people left Canada cause of it. We need immigration and the burn out liberals think raising capital gains is going to solve problems 😂. Idiots man. They do surface level thinking those clowns. Like I said before, should have to pass iq test before getting into any position of power . At least 120 iq . Otherwise forget it
Just imagine what the law would do to a citizen of they pulled some none like this
Most of the house flippers and small builders have been doing just that. Fake separation agreements, houses in family members names etc, etc in order to avoid cap gains. This is a huge amount of money. I know several flippers and builders who doing it and one does it about 4x per year and has been doing it for close to 15 years. Nothing happens to him as nobody in CRA looks into it.
Note: Your special guests are great
@@ethimself5064 thank you
Rich is a national treasure.
Does any one else feel like Canada’s falling apart
Buddy, we beat the brakes off this thing by 2011, were now compacted scrap metal that's charred because the car burned up after being neglected and set on fire.
Honestly no. Canada is rebuilding right now. It’s already fallen apart . Can’t fall apart anymore than it already is.
Liberals and ndp are cooked, we are at the bottom and ready to move forward
Nah, just buy couple of million dollar pre-con condos are you are set for the life 🤣
for the poor to lower middle class only, higher middle class and above are doing very very well
Great show guys as always! Kate was really interesting and learnt a lot from her!
Everyone should encourage whoever become the Liberals leader to call the election immediately.
It's not only non-functioning but illegally prorogued, for those who understand the law. It's being challenged in the supreme court right now.
I am still blown away by the reality of running a country with a coalition style of government. IMO the elections simply make a muddied water of policy. Perhaps this is why so many of the EU nations have ended up in such dire economics straits. If Loonie drops any more we might lose our "Preferred Laundry Status" LOL
Starts 4:30
@James-il3tq 😆
Thanks for sharing!
I might understand about 30% of what you guys are talking about; the more I hear, the more I start to grasp the bigger picture. Please keep the discussion going, I really appreciate what you guys are doing.
Thank you, Paul.
i was investment analyst for 20yrs and became a bit suspicious of the importance placed on ESG over real metrics like sust. competitive position, return on capital and balance sheet strength. enjoying the show
Great guest! Really enjoy the guests you have on! Have Kate on again when the politics changes!
Very insightful!
Look out Carolyn, Rich has a new crush.
Rich's life sounds pretty amazing. Portual -> European Ski vacation.
That's what happens when you have a high income and no kids!
@@BobaVolcano and no girlfirend!
@@quixomega lol
Go Bills! Go!
Go birds. Eagles bringin it home. Great guest breaking down our bleak future. Great content in an era where it is hard to find. Thanks👍
I wouldn't be surprised if historically the the dollar finds a brand new low
And let Rich ask his question
Just as you're launching your election campaign, Canadians see all their prices jump due to the increase in the carbon tax in April.
This will be your only act as prime minister.
What a mess..
Can the current state of government effectively dish out retaliatory tariffs?
CRA sent out a notice yesterday saying that the Corp cap gains tax is moving forward.
Trudeau’s way of giving his critics the figure.
Great guest! Articulate and knowledgeable
You don't need to act quickly, you just need to say the word!
Indicate an end to the carbon tax. Indicate strong energy policy. Indicate strong mining policy. Watch Canada turn on a dime!
Rich with the Nike sweater . Someone buying the Nike dip? 😂
TRhe dollar is sliding towards .692 are we going to breach 68?
Bruh, we are gonna breach 0.50 by end of year. It's called snow peso now btw.
Great show boys. I have an idea for the twinkie bet format to keep it spicy:
All 3 need to have distinct picks (whether rates or whatever). Winner from last time picks first, second picks second, third picks third (or reverse that to keep it mixed up)
Go Bills!
Please have one of the Loonies run for the Liberal leadership
I nominate Rich since he seems to have the most free time
Steve can use his bitcoin to buy in
The Canadian government should invest in one of those wonderful U.S. money printing machines and have Sing and Justin in charge of it’s maintenance.
Great guest. I am over the fact you had Erin THE TOOL on the pod in the past.
Disappointing you didn't address the benefits of Canada becoming the 51st State
Trudeau handed in his 3 month notice to Canada. Is that not a resignation??
You guys gotta get Pierre on the podcast.
Steve did. No way he's coming back on now though. No time
@@richyrich3285 soon
Hey guys great show! I am following you for the last six month and you are right on the money! My humble comment for near future broadcast : maybe bond vigilantes will temper Trump bombastic take on economy, they did shot down Italian pm Melonie aggressive agenda down?
Come ski in Whistler!
Lift lines are too long 😂
Rich, you should look into the immigration crisis in the United States. Pod casts in the States are asking whether Canada has as bad an immigration problem as them... Really!
Their productivity index doesn't account for 12 - 20 million undocumented low wage workers. Our low wage workers are all accounted for.
GM, happy Friday!
Trudeau did Prorogue in August 2020.
47:24 wrong. The 62B was last year. They went over last year. This year is 47B or something. That’s right, they missed the mark on LAST YEAR.
I'm predicting a short term bust in the AI tech bubble, but medium term 5 - 10 years a big increase in productivity, globally.
You guys should play Finance Minister for a day. What would you cut from spending? How much? Why? Then do a Twinkie bet on if next administration would follow suit. Do some “back door policy” of your own 😂
MArk CArney could push the election back to 2026 - imagine that!!
Lets crowd fund to get the boomer as pm for a few days.
Still unable to connect the dots. Sad.
Your "expert" still has a few things to learn, which is no surprise given her partisan bias. We don't need a Parliament in session to deal with the tariff threats from Trump. The executive branch, which includes the PMO and Cabinet, has the authority to address these issues. This idea that we have a "lame duck" PM who has "left us high and dry" with an "empty negotiating chair" has no basis in fact.
Also, this idea that Jagmeet Singh was holding on to guarantee his pension is asinine... His riding is one of the safest NDP seats in the country and the pension isn't even a significant amount for him.
As far as the CRA, having worked within it, I am of the view that it is a thoroughly corrupt organization, in part because of it being an executive branch entity that is able to "interpret" policy in a way that is usually only typical of judicial branch entities.
There's a problem with your deficit math, too. As your "expert" indicated, a lot of measures that were financed in that $62B deficit budget won't be implemented, meaning that a lot of expenditure will be avoided. It's irresponsible to suggest the deficit would be $78B as a result of the reversal of the capital gains inclusion rate increase without also discussing the reduction in expenditures as a result of funded programs not being implemented.
NDP is same way in picking up leadership
Every Tom Dick and Harry... why... Why would them getting their shot necessarily be a bad thing?
Everyone gets their shot sounds... Exactly fair.
(In response to 25:30)
Was going to say your guests are never women, so this was a pleasant surprise
just 2 guests ago was a woman. Episode #164. Good guest.
not that many smart women out there, most of them voted for trudeau.
And then US 10y closed over 5 after the video was posted spooooky
"Intends to resign"
It's too bad your guest doesn't have a proper mic, she's a compelling speaker with interesting takes (..but I'm not listening to someone with a laptop mic for 45 minutes).
Keep up the good work !
I would declare 2025 a wash. And any real change another premise would want to do might only happen 2026.... I swear this is why JT wanted to do for all the mind Games that Pier put him through 😅😅
Ya'll think JT is a lame duck!? (I generally agree with the sentiment) But ya'll are going to be in real shocked on how quickly PP will be labelled a lame duck. Some of us have seen PP in actin in the flesh here in Ottawa and ya'll are going to collectively loose your Timbits. Just like Trump, his inner circle is the worst of the worst.
PP is more of a great talker than anything else, I give you that.
If he sends a message to the oil and gas industry that we are open for business all he will need to do is sell it to the public which is easy for a guy like him.
I guarantee if he's true to his word and is willing to build nuclear power plants his phone will be ringing off the hook.
Sometimes the best govt's just leave things alone and don't interfere.
Government intervention has made every problem worse.
Justin made a selfish self serving decision again and a very important one at that.
Trump😱Someone needs to take away his tin hats - Really
Can you get Keith to close his mouth
No way!
Boomer or Rich for PM!
We already have a conservative party leader.
Nobody can turn around this train wreck of a Liberal party.
I’ve come to realize that this podcast is not named after the loonie, but rather how loonie this country is 😅
A little annoyed that when discussing collapsing productivity you guys don’t discuss the most signifant culprit - Property value inflation! When people and businesses are saddled with huge debts and mortgages they don’t have capital to invest back into their businesses to buy new equipment and tools and/or upgrade employee skills to improve efficiency and productivity! it’s the exact same principle as governments running up deficits and debts they have to service! Come on guys!
@@jaywatanabe4706 has been discussed several times
@ Fair play Steve. I just felt it was important to point that out. We’re all cheesed with the feds right now, but just think the situation is more complex than just bad government policy. Good Episode overall though!
The falling productivity isn't due to property value inflation - San Francisco has also had massive property values increase over the last 10-15 years but doesn't have a productivity crisis. The problem we are bringing in too many unproductive people to print GDP (aka human QE) instead of building other industries such as O&G.
canada is cucked until May 🤣🤣🤣🤣 why you do this to yourself?
A conservative lobbyist with a biased view of the situation. 👍
Boring, who cares about politics.