Canada Luxury tax on boats postponed

[Dieseldude]

You have to agree that even just 50 years ago, taxes on individual earners have were much lower than now. A typical tradesman could support a family. But now it seems to take two. Now we have the addition of carbon taxes on top of pre-existing taxes.

[goboatingnow]

Originally Posted by Dieseldude

You have to agree that even just 50 years ago, taxes on individual earners have were much lower than now. A typical tradesman could support a family. But now it seems to take two. Now we have the addition of carbon taxes on top of pre-existing taxes.

Certainly where I live that self same tradesman , today , benefits from free or subsidised healthcare , their kids will get free secondary and third level education. They live with far more emphasis on workplace safety largely due to significant state oversight. The roads are safer and better engineered. The cities benefiting from cleaner air , clean water and dolphins seen in our local estuaries

“ good” costs.

[B_Hunter45]

Originally Posted by TrentePieds

B Hunter said: "Government should level the play field not be a player."

And how, precisely, would "government" do that, in your opinion? Isn't
"levelling the playing field" just precisely that the Canadian Tax Regime strives to do?

Lest you comment should mislead non-Canadians: We need to acknowledge that "Health and Welfare" is quite specifically a responsibility assigned to the PROVINCES. All the federal government does in terms of allocating funds for Health'n'Welfare in the provinces is make a "transfer payment" from the General Revenue Fund (your taxes and mine) to the provinces for them to reallocate to services as their particular governments see fit.

If you have a complaint about that allocation, e.g. if you think funds allocated to, oh say, cancer prevention and treatment are deficient, then YOUR remedy - readily to hand - is to get active in the Constituency Association of the Political Party of your choice. That, of course, is the glory of living in a "democracy" And it is part, but only a part, of the reason that the quality of services appears to differ so greatly between British Columbia and, say, Alberta and Ontario.

Please also, when you expound on the Canadian Tax Regime, make sure that you bring to the attention of non-Canadians that the NOMINAL (income) tax rates for the sundry "tax brackets" is NOT what the individual tax payer actually pays. The vast majority of Canadians pay NO federal income tax, or they are in the lowest "bracket". I have rarely seen a T1-Return for an "ordinary Canadian" with an actual Tax Payable of even as much as 16% of Taxable Income! And for most Canadians TI is, as I'm sure you know, rather less than "take home pay", let alone Gross Income!

So perhaps we may take a lesson from the Analects of Confucius: "When using words, all that matters is that truth be told"

Best of the Season to ye all :-)!

TrentePieds

Leveling the play field is by creating legislation against monopolies, against corruption, licensing professionals etc.
A country as rich as ours should have enough income from natural resources to pay for whatever we need.

The high taxes and the are the reason why with the most educated work force in the world we Still have an economy that is natural resources based. Why do you thing Elon Musk left Canada and moved south?

Democracy is not a justification for every thing. Some terrible things were done in a democratic manner, there is something called the "dictatorship of the majority".

If all your neighbors decide to take you new car, is it democracy or just stealing?

[Russ L]

Originally Posted by osprey877

Not so. The marginal rate of tax on the last dollar of income they earn may be 40%, but the overall tax rate on their total income is much less. No tax is paid on the first 15K or so and and the marginal rate ramps up from there.

You make a very good point.


And furthermore, 40% of Canadians do not pay any net income tax.


I.E. the income tax they are charged is more than offset by the direct contributions from government that they receive.
The past two years have been spectacular for these people...

[boatpoker]

Originally Posted by Russ L

You make a very good point.


And furthermore, 40% of Canadians do not pay any net income tax.


I.E. the income tax they are charged is more than offset by the direct contributions from government that they receive.

The government makes zero ... absolutely zero contributions !
They simply remove from my pocket and give it to those most
likely to vote for them.

[B_Hunter45]

Originally Posted by boatpoker

The government makes zero ... absolutely zero contributions !
They simply remove from my pocket and give it to those most
likely to vote for them.

Well said!

[redneckrob]

Originally Posted by B_Hunter45

Leveling the play field is by creating legislation against monopolies, against corruption, licensing professionals etc.
A country as rich as ours should have enough income from natural resources to pay for whatever we need.

The high taxes and the are the reason why with the most educated work force in the world we Still have an economy that is natural resources based. Why do you thing Elon Musk left Canada and moved south?

Democracy is not a justification for every thing. Some terrible things were done in a democratic manner, there is something called the "dictatorship of the majority".

If all your neighbors decide to take you new car, is it democracy or just stealing?

As Churchill apocryphally said, “democracy is the worst form of government – except for all the others that have been tried.” if you're anti-democracy, then what is your superior solution?

[boatpoker]

Originally Posted by redneckrob

As Churchill apocryphally said, “democracy is the worst form of government – except for all the others that have been tried.” if you're anti-democracy, then what is your superior solution?

I am not anti-democracy but I am disgusted with politicians.
We desperately need term limits at every level.
We desperately need recall legislation at every level.

The reasons should be self explanatory.

[B_Hunter45]

Originally Posted by redneckrob

As Churchill apocryphally said, “democracy is the worst form of government – except for all the others that have been tried.” if you're anti-democracy, then what is your superior solution?

Democracy is when the people are governed by those who can talk and not by those who can do. Look at our politicians, are they the smartest people you know?
Plato wrote about the dictatorship of the wise, this is a very utopian concept. But democracy as we practice today is not helping us. In practice we are controlled by a small group of powerful people that were not elected but they use their wealth to control the outcome of the democratic process. The high taxes are to deny people from social mobility, if I can't save enough to start a business I will never get rich. The rich ones don't worry about high taxes, they control those who write the laws and if their taxes go up the prices we pay for goods and services follows.
The fact that most people can't see that amazes me.
Do I have a better system, not really, but I would change a few things in our system. The first thing would be that one can't be a professional politician, after 10 years living on the tax payer's money one has to find a real job! Let's start with that.

[Russ L]

Originally Posted by boatpoker

The government makes zero ... absolutely zero contributions !
They simply remove from my pocket and give it to those most
likely to vote for them.

To restate the obvious... if the government takes from me and gives to someone else, that someone else gets a contribution.


The contribution didn't come directly from me as a taxpayer, it came from the government agency as their direct contribution.



Try to bypass the process if you dare!

[B_Hunter45]

Originally Posted by Russ L

To restate the obvious... if the government takes from me and gives to someone else, that someone else gets a contribution.


The contribution didn't come directly from me as a taxpayer, it came from the government agency as their direct contribution.



Try to bypass the process if you dare!

This process is so inefficient, Practically most of the money goes to support the "system".

[boatpoker]

Originally Posted by Russ L

To restate the obvious... if the government takes from me and gives to someone else, that someone else gets a contribution.


The contribution didn't come directly from me as a taxpayer, it came from the government agency as their direct contribution.

To restate the obvious ... Neither government nor any "government agency" has any money simply the power to redistribute others money ... primarily to their benefit in vote buying.

[Dieseldude]

Originally Posted by B_Hunter45

Democracy is when the people are governed by those who can talk and not by those who can do. Look at our politicians, are they the smartest people you know?
Plato wrote about the dictatorship of the wise, this is a very utopian concept. But democracy as we practice today is not helping us. In practice we are controlled by a small group of powerful people that were not elected but they use their wealth to control the outcome of the democratic process. The high taxes are to deny people from social mobility, if I can't save enough to start a business I will never get rich. The rich ones don't worry about high taxes, they control those who write the laws and if their taxes go up the prices we pay for goods and services follows.
The fact that most people can't see that amazes me.
Do I have a better system, not really, but I would change a few things in our system. The first thing would be that one can't be a professional politician, after 10 years living on the tax payer's money one has to find a real job! Let's start with that.

"Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it." President John F. Kennedy
Waldorf-Astoria Hotel, New York City, April 27, 1961


Spoken by an American President 60 years ago, but applicable to any democratic nation today.

[B_Hunter45]

Originally Posted by Dieseldude

"Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it." President John F. Kennedy
Waldorf-Astoria Hotel, New York City, April 27, 1961


Spoken by an American President 60 years ago, but applicable to any democratic nation today.

Af far as I remember the founding fathers of the USA and Canada were NOT professional politicians. Our problem is the addiction of people that didn't succeed in anything else try to runout lives.

[Tetepare]

Originally Posted by redneckrob

As Churchill apocryphally said, “democracy is the worst form of government – except for all the others that have been tried.” if you're anti-democracy, then what is your superior solution?

Short term? A dictatorship run by me. Problem is who’s next? This is not new. Rome had both, and both sometimes worked, and sometimes failed.

In the long term over 500 years, seems none work. Humans ruin anything good for greed. We are destined to do so.