Liberals defend capital gains tax hike as 'tax fairness' | Power Play with Vassy Kapelos

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Members of Parliament join Vassy Kapelos to debate the federal government's plan to increase Canada's capital gains tax.
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Опубликовано:

25 сен 2024

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Комментарии : 367

@Anita-db9ro 3 месяца назад

I am so done with this government they do not care at all for Canadians

@fbrz84 3 месяца назад

What we need are less taxes and less spending with aid to foreign countries.

@Joshua-zw7jl 3 месяца назад

The liberals sound like a broken record...

@thefly373 3 месяца назад

That's because they have rehearsed answers, which essentially means they're told what to say. Liberal MP's need not think for themselves.

@drd4059 3 месяца назад

The more government "invests" the poorer we get and the richer friends of the Liberals get. Cut both the new tax and the new spending.

@keithteitge1058 3 месяца назад

I was self-employed for 30 years working 6 - 7 days a week. Now retired, I'm seeing my retirement being whistled away by taxes and inflation caused by the Liberal government. They'll NEVER get my vote.

@chatwithjat 3 месяца назад

No one told you to work so hard and make investments or savings. That's your fault!! Believe it or not some clown said this to me yesterday lol

@QuiltedLily 3 месяца назад

Some individuals or families were able to scrimp and set aside savings for their retirement years. They paid tax on those savings at the time they earned. Why should they be taxed again?

@chatwithjat 3 месяца назад

@@QuiltedLily it's not our fault they did that. They should have spent it all like drunken sailors, this way they'll have no money and can rely 100% on the government and won't have to pay more taxes, this is fair - typical ndp/libéral leader today.

@theowoytowich9959 3 месяца назад

@@QuiltedLily Agree

@OmniUniv 3 месяца назад

Love it when the rich and wealthy just wanna keep all there money and pay no dues why not leave Canada bro

@gorgeousgeorge5173 3 месяца назад

I'm voting for Conservatives who promise me a tax break. I don't want anyone to be taxed more.

@Arkhanno 3 месяца назад

You make more than $250,000 in Capital Gains each year? Because that's the only way it'll affect you.

@joshg72826 3 месяца назад

@@Arkhanno You know he doesn't. It's the same concept as when proposing taxing billionaires... "It'll affect me once I'm a billionaire in my pseudo reality, therefore I'm against it."

@gorgeousgeorge5173 3 месяца назад

@@Arkhanno Liberals have more than doubled debt in their 9 years. For what? Programs 98% of middle class earners don't qualify for? The middle class is getting shafted under this Government. If I'm a billionaire, I can simply move to a more tax friendly country. I still get the same stagnant wages and higher prices. This is tax 'fairness'?

@lp2623 3 месяца назад

@@Arkhanno youll love it when a poor guy gambles his life savings on the stock market , makes 250 k per example . rich ? no . taxed ? yes . ANd youll love it when or if youre parents sell their house or you do , , rich ? no . Taxed ? yes . 250 is way too low . it should be above a million .

@John-v7x5v 3 месяца назад

Well I was about to state the obvious but everyone here already beat me to it.

@mmarz2675 3 месяца назад

Imagine thinking its "fair" to force hardworking Canadians to pay for your terrible borrowing and spending habits. Pathetic.

@lornarichardson5655 3 месяца назад

TRESAON for Trudeau, Freeland, Jagmeet an Steven G. ALL MUST GO

@jimg.4913 3 месяца назад

Liberal Party of Canada - making sure hard work and fiscal responsibility is punished to the highest possible extent.

@nikosjasonfakaro9187 3 месяца назад

Did Canadians ASK for this - NO !!!! PERIOD - CALL AN ELECTION !

@donnarocha4043 3 месяца назад

I will never vote for the liberal ndp party provincial or federal tax tax tax, 🇨🇦 ❤

@McLovin1759 3 месяца назад

So you voted for the party that brought in the GST?

@kanuduh5234 3 месяца назад

@@McLovin1759 You're getting soo desperate Mcmuffin.

@dootdoot1867 3 месяца назад

@@McLovin1759 No. Mulroney's Conservative party was destroyed. Preston Manning and Harper Built the Reform Party who took it over. Mulroney's Conservatives went to the Liberal party with Chretien.

@jumbome7420 3 месяца назад

@@McLovin1759lol sad argument

@theowoytowich9959 3 месяца назад

@@dootdoot1867 Based on what you are saying Trudeau and the Liberals are toast

@visionary7375 3 месяца назад

As vashy correctly pointed out that it is the spending problem not the revenue problem.

@daynalynds8719 3 месяца назад

f the ndp to

@dootdoot1867 3 месяца назад

They did this. They could have stopped this at any time.

@fullmetal1766 3 месяца назад

its actually their fault

@infinityprodinc 3 месяца назад

Finally an interviewer pushing hard and fair questions....GREAT JOB BY HER!!!!!!!

@janetrossetti 3 месяца назад

I would propose that the number of women entering the job market is not because Canada is doing well, but because families cannot cope any longer with just dad’s salary 😢

@jeffstewart4162 3 месяца назад

Do you know how many plumbers and carpenters are incorporated and will absolutely be paying 66%…

@flaringroy 3 месяца назад

The word games are infuriating, glad it was pointed out in the interview, even if many wouldn't really understand the difference.

@jenkins5265 3 месяца назад

The tax is on investment income, not payroll income…

@pgon9097 3 месяца назад

@@jenkins5265 corporate profits are considered capital gains. This means if you incorporated as a plumber they are taking 66% of your money

@re-replied 3 месяца назад

@@pgon9097: Nope...Corporate profit is income... buying and selling assets that are not business related is capital gain... No wonder you guys are totally frustrated because of your confusion and ignorant of the simple basic concepts and rules.

@chantalbalfe4216 3 месяца назад

@@jenkins5265The plumber incorporates and invests the money. The capital gains does not get the $250K exemption. This is a problem when the plumber sells the business at retirement. There will be a one time hit of 66% on ALL the capital gains

@larryprice6195 3 месяца назад

Taxing Canadians is NOT RESPONSIBLE GOVERNING PERIOD!!!!!

@JHish 3 месяца назад

"Keep propping up a corrupt government don" Scheer with the checkmate lol.

@And-h5g 3 месяца назад

I can't stand this liberal government anymore 🤮

@kalvli 3 месяца назад

Simple... billions of dollars to the housing fund that built 0 nadda zip houses... lets get rid of those funds ...

@robdavidson2569 3 месяца назад

get rid of the government that is wasting and stealing your money.

@bubbajay1934 3 месяца назад

Stop spending! Paychecks should pay for lunches, not taxes Paychecks should pay for child care, not taxes. Group Insurance should pay for dental care, not taxes. Stop spending OUR money!!! We need it to survive!!

@WayneSlenders 3 месяца назад

Fairness. Anyone outside the liberal party will be poor. Take from your grandparents and parents and all will have nothing but you will be happy. We love big brother.

@dj54114 3 месяца назад

A buck is a buck is a buck! How childish. Spend less, bottom line. Recover the millions (billions) pilfered in the last 9 years

@gymnastjay 3 месяца назад

The fact that he said "a buck is a buck is a buck" and Freeland say the exact same thing in a separate interview with Vassy is just proof they sit in front of the mirror and look at themselves spewing what their masters tell them to say.

@joshuasmith3638 3 месяца назад

Liberal math…. Even Einstein would struggle trying to understand it. I guess this is what happens when a drama teacher with a silver spoon in a dark place runs a country……… into the ground

@BethLoader 3 месяца назад

Since there is no dental, pharmacare nor $10 a day care (to speak of) There isn’t anything for the conservatives to cut

@fkb247 3 месяца назад

Immigration

@senthilkrishnan1273 3 месяца назад

Canada was a better and affordable country to live once,

@ElainEmail-m7q 3 месяца назад

If Capital Gain tax increases tax changes are triggering Canadian doctors, engineers, professionals, investors and retired citizens move away from Canada, then history will describe this as : SHORT-TERM GAINS but LONG-TERM PAINS Youths are the only generations to be hurt in this long-term pain result, employees today are worried of job losing when their small to medium employers may need to reduce work forced expenses.

@Arkhanno 3 месяца назад

Brian Mulroney, a Conservative, made the exact same Capital Gains tax changes when he was Prime Minister. Worked out well back then!

@theowoytowich9959 3 месяца назад

@@Arkhanno Totally different times. Home prices and rents had not doubled, national debt had not doubled etc;

@McLovin1759 3 месяца назад

@@theowoytowich9959 Seriously, give it a rest. You are just parroting PP. You’d have to be so dense as to realize that there is not an entire industry that is built around helping the rich avoid taxes. From income splitting to registered investments to capital gains deferrals to capital dividends to gifting to tax loss harvesting… this isn’t a big deal. Some will say it’s a big deal… but it’s not a big deal.

@theowoytowich9959 3 месяца назад

@@McLovin1759 No its not a big deal , every taxpayer can take advantage of all of these to pay less taxes

@grandmufftwerkin9037 3 месяца назад

@@McLovin1759 Shuddddup

@wickertwm 3 месяца назад

They haven't funded any of their other pie in the sky ideas

@Chriskiller27 3 месяца назад

I still dont know why they still include the NDP in this conversation🤔 They always so critical with the Liberals but still support their policies!! 😒😒

@daveburton3289 3 месяца назад

Never...EVER...vote Liberal!!

@brianbondy5667 3 месяца назад

Never have never will. now the only difference is I will NEVER vote NDP either.

@McLovin1759 3 месяца назад

@@brianbondy5667 Cool story. I’m never voting CPC.

@maritimer3027 3 месяца назад

@@McLovin1759You’re Knitted with one needle.Go to bed!

@kanuduh5234 3 месяца назад

@@McLovin1759 Willful ignorance is bliss!

@thefly373 3 месяца назад

Remember though that Chretien's government was the one of the best fiscal managers in recent history. So not all LIberals are the same. Trudeau has destroyed the Liberal brand, just like Wynne and McGuinty destroyed it in Ontario.

@crazyralph6386 3 месяца назад

Imagine still voting for these jokers?

@user-uc1ng1vs8i 3 месяца назад

We all go broke. Or rather, those who aren't already broke, go broke.

@wickertwm 3 месяца назад

If you are talking fairness, why is the child care costs so much lower in Quebec than the rest of the country. Also the Carbon tax is lower for Quebecois than the rest of the country. Fairness should start at home and have Quebec an equal partner.

@theowoytowich9959 3 месяца назад

Quebec receives approximately $14 billion in equalization year from the federal government that' s why they can the cheap child care costs

@McLovin1759 3 месяца назад

Quebec has the lowest COe2 emissions in the country. Generate less pollution, pay less tax. It’s not complicated.

@hexxlaxx2992 3 месяца назад

Money coming from Alberta@@theowoytowich9959

@hexxlaxx2992 3 месяца назад

@@McLovin1759do you include Aluminum production in your calculations? They call it green but it destroys the Amazon.

@wolfiedude121 3 месяца назад

Quebec has it's own provincial child care program that has lowered costs for Quebec residents, the federal government just gave them the money they would have used in Quebec for a child care program to help keep costs low. Also Quebec doesn't pay the Federal Carbon Tax because they employ a carbon tax AND a cap and trade system, carbon tax is cheaper in Quebec because the cap and trade system Quebec has does the bulk of the heavy lifting.

@Tarmac76 3 месяца назад

A buck is a buck is a buck. And broke is broke is broke and that's where Canada is headed.

@bryanmarks608 3 месяца назад

Why do you deserve so much of my gain?

@Chris-kz9mj 3 месяца назад

Changes will backfire. Truth is coming.

@Money_Bowers 3 месяца назад

The government doesn't have a revenue problem they have a spending problem. Tax fairness?? you take 40 percent of my income and than tax everything I buy with the remaining 60 percent. How is that fair? Then wait 6 hours in line at the passport office. This is the worst government of all time.

@leona369 3 месяца назад

A buck is a buck is a buck , Christian Freeland said this very same phrase this morning with Vassy!!

@Chuck-g6k 3 месяца назад

We need less taxes, the primary concern being the carbon tax, other taxes as well - personal income taxes, taxes on small business

@diegosorio 3 месяца назад

Cut the bloated government spending, stop sending our money overseas, give the low and middle class a tax break. That's what Canadian need. Not this clown show of a government. CALL AN ELECTION NOW!

@castielw8291 3 месяца назад

tax fairness… how sarcastic it is. 😂

@tammywillerth6000 3 месяца назад

NDP has no clue 😮

@chrismifflin3862 3 месяца назад

If this Liberal government ever gets reelected, we are going to be paying more tax.

@spritPA2024 3 месяца назад

If this liberal government gets reelected that will be the end of Canada as we know it.

@swong9994 3 месяца назад

Once the lib dude said fairness, vassy took a deep breath like here we go with the crap again

@mikeneugebauer3900 3 месяца назад

Cash grab!

@HiMPockets 3 месяца назад

I like Andrew Scheer's final exemption of the 99.87% idea

@mikekovacs8981 3 месяца назад

THIEVES

@jamesstrickler5797 3 месяца назад

As for feeding children at school. Not that long ago, that was the parents responsibility and still is. The problem is, we don't have a salary like the politicians.

@DRPL766 3 месяца назад

The government's favorite line is that the tax is "fair". We don't want to hear tax fairness for the X-teenth time over the last 9 years of this government.

@denisenorrie9447 3 месяца назад

Quit including CPP in your debt to GDP ratio. CPP does not belong to the government and should never be including in these kinds of ratios, but, it certainly puts a different spin on the real picture.

@georgehiotis 3 месяца назад

Framing this tax grab as "tax fairness" is like calling a wolf a shepherd dog. Pretty simply put anyone that believes this nonsense is financially illiterate. Now, the nurse that earns and pay her tax annually will be taxed more on any serious money she gains in the stock market after investing for ten years with all the risk involved in equity investments.

@AtteliaVel 3 месяца назад

Oh yeah nurses thst complain of low wages for years . There are stock market players lol .

@georgehiotis 3 месяца назад

@@AtteliaVel it's "they're" and complain as they may it is because for the amount of work they do they don't receive a fair wage, not because their wages are low. Wake up and smell the coffee before Trudeau robs you of every opportunity to become wealthy and instead you end up a welfare case.

@wickertwm 3 месяца назад

They will only take their money off shore. Responsible leadership! OMG is this person on drugs

@user-Canadian 3 месяца назад

Notice They were cutting Andrews Mic

@EugeneMolloy-r8n 3 месяца назад

were is the tax fairness

@bluetocop 3 месяца назад

tax and spend liberals

@brrteebee 3 месяца назад

Responsible Liberal leadership is an oxymoronic expression.

@katiet548 3 месяца назад

He kept saying "tax fairness" and only "the wealthiest". The party has decided to collectively ignore the fact that they are hitting the marginal- middle class who just try to maintain some decent retirment income as we have way passed the time that everyone would have a substantial retirement pension.

@keithteitge1058 3 месяца назад

There is NO fair tax.

@shauncameron8390 3 месяца назад

Except the flat tax.

@Kala12326 3 месяца назад

Taxes become unfair when there is government who is incredibly corrupt and spends irresponsibly.

@primeworld1830 3 месяца назад

Very soon there will be Oxygen breathing Tax.

@davemacdonald5261 3 месяца назад

How is Trudeau's money hidden! Does he pay his fair share on his "inheritance"!

@steezyblu 3 месяца назад

Vassy needs an award. Awesome reporting.

@dootdoot1867 3 месяца назад

The new national report, Unprecedented Progress on Poverty Reduction Being Undone, finds that rates of child poverty increased in every province and territory from 2020 to 2021. The national report will be released in coordination with provincial report cards from partners in British Columbia, Alberta, Manitoba, Ontario, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Nunavut and Nova Scotia

@jamesstrickler5797 3 месяца назад

My dad is 87 and still has his teeth. So, for 87 years my dad took care of his teeth. After 87 years, now the feds want to help?

@jayshahu 3 месяца назад

If that is true then why have a progressive tax system. Keep it fair and have a flat tax..let everyone pay 20 percent no matter how the income is earned. Will the liberals propose that?

@dootdoot1867 3 месяца назад

Then you would they fund their underground casinos with 56 room mansions in York region with brothels and spas?

@thecanadianempire8767 3 месяца назад

Do you think 20% percent of poor individual income is equivalent to a wealthy individual, because a flat tax would punish the poor while benefiting the wealthy. Tax should be proportional to a individual income.

@jayshahu 3 месяца назад

@thecanadianempire8767 a guy making 200 thousand will pay 40Kin taxes and a guy making 50k will pay 10 K in taxes. How are they not paying more. Canada gives all the same opportunities . We have a decent public education system, free libraries , tax payer funded healthcare if someone doesn't use these resources properly, doesn't want to study hard in school or pick a vocation then why is it the guy making 200K problem. Remove all other tax loop holes but keep a flat tax that is the most fair tax system. I am ok if you start the flat tax at incomes above 30K anyone making less than 30K is exempt.

@FoxTrotRR 3 месяца назад

Dnd sending military vehicles to Ukraine. Who pays for that? Oh wait. CDNS are!!

@stevenjohn1470 3 месяца назад

10% of our tanks are sitting in junk yards I ukraine

@jamesstrickler5797 3 месяца назад

So, if it feels like all you do is work for the government and get nothing in return. You are not alone.

@MajGHOB 3 месяца назад

I love listening to Vassy question both sides.

@larryprice6195 3 месяца назад

NO TAX IS TAX FAIRNESS, OMG

@ye333 3 месяца назад

Liberal "generational fairness": tax grandparents so the parents can both work and have no idea what are shown to the kids. 😂

@janemyers8077 3 месяца назад

Omg…the liberals drank the koolaid..enough taxes!

@drjrjules1 3 месяца назад

I love these spicy convo's lol.. keep it up Vassy... Bring it Home!

@frederickclause2694 3 месяца назад

We need this because capital wasn't fleeing Canada fast enough. I'm sure it will also serve as a beacon for any future foreign investments unless of course the government subsidizes them similar to our wonderful new battery factories.

@frankieb8591 3 месяца назад

But they are not going after the wealthiest. This is what blows my mind!!

@davidharrow9025 3 месяца назад

Yep, this tax will hit the middle class hard.

@tamrahawkes3170 3 месяца назад

Exactly…..raise taxes on dividends then we would know they were serious about taxing the rich!

@shauncameron8390 3 месяца назад

Because Justin and Jagmeet are among the wealthiest.

@lindaanderson7502 3 месяца назад

It would be very interesting to see how much tax Justin pays!

@jamesstrickler5797 3 месяца назад

As for Pharma care, if you are promiscuous your covered. Plus some diabetic meds.

@remydavis1502 3 месяца назад

they should include inflation rates historically in their calculation for capital gain. Then it might be closer to “fair”. Drop the tax for the businesses. Solves a lot of the issues here.

@Cow9788 3 месяца назад

How much does Trudeau in taxes, or how much do federal and provincial MP's pay in taxes on their wages and on their perdiam, or on their investments, as the working citizens pay outrages taxes on thier money but government pays zero taxes.

@JiggilySmash 3 месяца назад

Don Davies "Keep protecting the rich" - divisive NDP at work again. Feeding the poor their own fingers for food, that's all this government is doing.

@owenrush8196 3 месяца назад

Vassy is a Canadian gem. A true non biased journalist that is so rare today.

@aaronjjacques 3 месяца назад

How about we have.pension fairness. Give the politicans a pension if they are elected for 40 years or more rather then the 6 years they do now.

@rancher6820 3 месяца назад

This tax increase is going to the accountants who will save the money for the ultra rich; not the one time sell off.

@truecanadian1616 3 месяца назад

Would it be even fairer if it were on 100% ????

@jamesstrickler5797 3 месяца назад

"Tax fairness" is akin to candy coated, bodily function. What they are saying is all tax's are fair. We, not them have to dig a little deeper.

@user77654 3 месяца назад

What tax fairness? Those making over 80k, already have to pay for their own dental, for their own medicines, for their own child care, they get no perks from gov at all. Now you add more tax so those also have to pay for dental for those that make under 80k and for their medicines and stuff? lol, like 80k is so much money now-a-days!!! What a joke. Yea don't get any of those rebates back too yea what a joke!

@andreasruhs4221 3 месяца назад

Middle class Canadians can't even access cheap childcare. And life isn't fair...work harder

@lorrimorrison4846 3 месяца назад

We can't afford your investments in Canadians!! CUT YOUR SPENDING!!!

@NotLeftarded1 3 месяца назад

If I was wealthy I'd have money to leave this place and that's what they're going to do if they're smart.

@matthewmead5331 3 месяца назад

Go get them Andrew! Keep up the great work

@christinesmith1499 3 месяца назад

This tax has nothing to with my family. My husband is a truckdriver and his wage is the same as it was in the 90's WTH?

@sirJames8 3 месяца назад

Every Canadian has a lifetime capital gains exemption of $1.25 million. Why isn't this brought up?

@ronsouther6852 3 месяца назад

The government should not be in our families, they should keep Canadians prosperous and working for our futures .

@jessedrolet4067 3 месяца назад

Conservatives got my vote. Only party with common sense

@jimg.4913 3 месяца назад

Vassy "maybe the Liberals could spend less" 😂😂😂😂

@thecanadianempire8767 3 месяца назад

Grits, NDP you gotta stop talking like robots instead you should follow the example of the late Jack Layton talk organically like a normal person and actually answer questions while making your opponent look bad. Grits you should send out Sean Fraser and Terry Beech let them do the talking.