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CorsiHockeyLeague · 10-05-2019, 11:15 AM

The CPC one is fine... nothing particularly interesting about it. The reduction in the bottom rate is basically a $600 tax cut for most people. I don't care about the boutique tax credits for things like sports, but the one for improving the energy efficiency of homes without actually specifying how the homeowner has to do that is probably going to result in some good stimulus. And I'm not sure why the subsidy for using public transit was ever eliminated in the first place.

I'm not sure why the LPC plan isn't just raise the exemption for everyone. It's simpler and I can't imagine the cap makes that big a difference to revenue. But maybe I'm just annoyed that I don't get anything out of it, you freeloaders... I do like the 50% cut to corporate taxes for net zero emissions, in theory. Have no idea if anyone's done any analysis as to what the anticipated effects will be. The luxury goods tax is just populist "see, we hate the rich as much as the NDP and Greens do" signaling - it's good politics but pretty bad policy. I wonder if there'll be a spike in fancy car purchases between now and next budget if they win, though - kind of like gun sales going through the roof after a shooting.

I guess the other aspect of it is, given their record in 2015, which part of this are they just saying they'll put in place but won't actually do...

The NDP platform basically amounts to "everyone pays more for everything". Increasing the CG rate by 50% is obviously bonkers. Wealth taxes don't work - how are you planning to do a valuation on everyone's assets? Is the CRA about to double in size? Meanwhile, the home buyer's tax credit goes up by a whopping $750. Phew, now everyone can afford to buy their own place.

The Green platform is a pretty good example of what's wrong with the Greens. That bit about proving that foreign affiliates run active businesses not only makes no sense, it probably requires re-negotiating more or less every tax treaty Canada is a party to. It's quintessential "we aren't going to win so it doesn't matter what we put in here" stuff.

10-05-2019, 11:15 AM	#14
CorsiHockeyLeague Franchise Player Join Date: Feb 2015 Exp:	The CPC one is fine... nothing particularly interesting about it. The reduction in the bottom rate is basically a $600 tax cut for most people. I don't care about the boutique tax credits for things like sports, but the one for improving the energy efficiency of homes without actually specifying how the homeowner has to do that is probably going to result in some good stimulus. And I'm not sure why the subsidy for using public transit was ever eliminated in the first place. I'm not sure why the LPC plan isn't just raise the exemption for everyone. It's simpler and I can't imagine the cap makes that big a difference to revenue. But maybe I'm just annoyed that I don't get anything out of it, you freeloaders... I do like the 50% cut to corporate taxes for net zero emissions, in theory. Have no idea if anyone's done any analysis as to what the anticipated effects will be. The luxury goods tax is just populist "see, we hate the rich as much as the NDP and Greens do" signaling - it's good politics but pretty bad policy. I wonder if there'll be a spike in fancy car purchases between now and next budget if they win, though - kind of like gun sales going through the roof after a shooting. I guess the other aspect of it is, given their record in 2015, which part of this are they just saying they'll put in place but won't actually do... The NDP platform basically amounts to "everyone pays more for everything". Increasing the CG rate by 50% is obviously bonkers. Wealth taxes don't work - how are you planning to do a valuation on everyone's assets? Is the CRA about to double in size? Meanwhile, the home buyer's tax credit goes up by a whopping $750. Phew, now everyone can afford to buy their own place. The Green platform is a pretty good example of what's wrong with the Greens. That bit about proving that foreign affiliates run active businesses not only makes no sense, it probably requires re-negotiating more or less every tax treaty Canada is a party to. It's quintessential "we aren't going to win so it doesn't matter what we put in here" stuff. __________________ "The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno