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@nasdaq Liberty Tax: Congress, IRS Should Consider Change to Tax Refund Delay Law @nasdaq/liberty-tax-congress-irs-should-consider-change-to $TAX
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@racker Repost: ‘Soak the rich’ federal budget could be coming soon, says Rosenberg http://www.theglobeandmail.com/globe-investor/soak-the-rich-federal-budget-could-be-coming-soon-says-rosenberg/article34045810/ potential 50% capital gains #tax increase in Canada. ‪What to watch for in the coming federal budget http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/what-to-watch-for-in-the-coming-federal-budget/article34054489/
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@Vaughan Sure, there are ways to lower ones #tax bill from ones original tax assessment, but this would remain the case in a system that used a flat tax. Furthermore, a flat tax is in fact a regressive tax, and therefore benefits the high net worth and ultra high net worth individuals. So, i would argue the rich would be interested in a flat tax.
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@Vaughan On warren buffet, his issue isnt the level of taxation, it is the fact that a coporation is its own person for legal(tax) pirposes, and that corporations pay lower #tax rates. Warren buffet barely pays himself a salary..... and avoids paying a higer rate of tax. Leave it in the co, your good to go.
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@nasdaq Liberty Tax Service to Report Third Quarter Fiscal 2017 Results on March 8, 2017 @nasdaq/liberty-tax-service-to-report-third-quarter-fiscal $TAX
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@racker ‪Ottawa urged to go public with planned changes to #tax credits http://www.theglobeandmail.com/news/politics/ottawa-urged-to-be-more-transparent-about-tax-credit-review/article34143618/‬ a plausible scenario could be an increase in capital gains taxes when gains exceed $200,000... idk
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@racker Discussing Trudeau budget plans with #tax lawyer yesterday given the expected $100 billion deficit. The opinion of his firm is Trudeau will not hike capital gains taxes or eliminate the tax free status of Canadian principle residences, because it would be devastating to pensioners and could cause a mutiny. The Canadian capital markets are on edge about rumours of a new 'soak the rich' tax plan. Tax Borrow or Wait, something's got to give in Trudeau's budget: Bloomberg https://www.bloomberg.com/politics/articles/2017-02-23/tax-borrow-or-wait-something-s-got-to-give-in-trudeau-s-budget
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@racker Bill Morneau and Steven Mnuchin in ‘high level’ talk on tax, but Canada gleans few details on U.S. plans http://business.financialpost.com/news/economy/bill-morneau-and-steven-mnuchin-in-high-level-talk-on-tax-but-canada-gleans-few-details-on-u-s-plans via @financialpost #tax “Our budget will be coming out in the not-so-distant future and at that time we’ll be looking forward to talking to Canadians,” Morneau said. “I’m not at this stage prepared to talk about what those measures might or might not be."
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@racker Ottawa to extend 15% Mineral Exploration Tax Credit to March 31, 2018 http://business.financialpost.com/news/mining/ottawa-to-extend-mineral-exploration-tax-credit #tax
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@nasdaq Liberty Tax Service Announces Fiscal 2017 Third Quarter Results @nasdaq/liberty-tax-service-announces-fiscal-2017-third-quarter $TAX
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@nasdaq Big Odds and Big Fun in Liberty Tax Million Dollar Madness Bracket Challenge @nasdaq/big-odds-and-big-fun-in-liberty-tax-million-dollar $TAX
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@Vaughan Here are the tax changes to watch out for in the upcoming federal budget http://business.financialpost.com/personal-finance/here-are-the-tax-changes-to-watch-out-for-in-the-upcoming-federal-budget #tax Boutique Tax Credits (expenditures), Employee Stock Options, Capital Gains inclusion rate at risk of changes, and business owners may face more stringent income splitting rules. #Tax #Budget2017
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@Vaughan Vern Krishna: Handle your owner-manager compensation with care http://business.financialpost.com/legal-post/vern-krishna-handle-your-owner-manager-compensation-with-care My former tax law professor breaks down a common bone of contention between business owners and CRA: Salaries. Also discusses how to bonus down when reaching the CCPC small business income tax rate threshold ($500K in income) #tax
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@racker Bay Street Warns Ottawa Against Raising the Tax on Capital Gains: BNN TV. Canadian federal budget announcements expected next week. #tax
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@bullionaire @RAcker the markets haven't been working so well for everyone for a long time. Profits should be taxed 100 percent. Markets should be creating prosperity, for more than they are.. #tax
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@TheGalvanizer I'm never a fan of any double taxation..capital gains/inheritance tax you name it #tax
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@TheGalvanizer Anything done with after tax income that is aggregiously subject to additional tax from growth coming from it (inheritance or capital gains i think fit this criteria) to me should not be taxed again or at least definitely not in a punitive manner. #tax
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@TheGalvanizer I am fine with a nominal taxation - hence why there are inheritance tax thresholds etc. or in the case of Harper's reduction to 50% inclusion on capital gains but to start to revisit former levels of 75% i think start getting in to punitive territory #tax
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@lukejackson I take all the risk, you get half the reward? Sorry but that's ludicrous. Can I get a backing from the government, then? If I fuck up you eat the loss? This will just make the smart money go offshore. The traders. The real people who will be effected are the small business owners, which will limit transaction volume. Which will have a knock on effect on a) legal b) accounting c) banking and all consumerism impacted by the seller, his lawyer, his banker, his accountant. Dumb short sighted policy if u ask me. You didn't. I know. #tax
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anonymous @Vaughan. Agreed.. However, income stagnation is a big problem for many.. So tax burden has to be shifted to corporations and higher income workers.. Or else you have social turmoil.. I don't agree with that, but good insurance for a happy populace. #tax
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@BruceWayne @fl same with allowing to borrow more from their RRSP for first time homebuyers. Solving a problem we dont have. I dont know many people with infalted RRSP's wishing they could get more money into a house. But lots of people stretching themselve to purchase first house while putting nothing in their retirement savings #tax #rrsp
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@Maggee @fl, I think that is a crucial point. Fewer people have company retirement packages now and need to save more and invest. Those facing retirement that are relying on their investments have had a terrible time this past decade. Government workers don't understand what the majority of Canadians are up against when planning for their retirement. Something like a quarter of working men have pensions. Tax them now, and social welfare can support them later I guess. #tax
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@fl @Maggee Another good point. The worst part is the tax is based on nominal gains, not real gains. I could hold a stock for 50 years and be up 50% yet end up losing money after inflation and still get taxed on it. #tax
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@Maggee I don't like the RRSP because you are forced to take out a % when you hit a certain age and then you are taxed at your income tax rate. What if you score big and invested in...say $NXE...and you make a ton of money. You will be forced to take it out at a rate that gives you a tax of 50%(ish). It would be better to make that profit in a non-registered account now. #tax
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@Benedict the debate RRSP vs Taxable account...not so obvious now...but in the days of bonds yielding 10%..I would rather compound it in a RRSP than pay annual taxes on the income..for example..it takes 7 years to double tax free (and then get taxed on withdrawals...whereas it would take 14 years to double in a 50% tax-rated account)...something to think about before you even consider the tax-free ways you can draw from a RRSP... #tax #rrsp
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@racker ‪Three reasons why capital gains tax hikes are misguided https://shar.es/1UBsYI via @FraserInstitute#tax 1) Capital gains taxes impede the flow of capital to higher end uses, what economists call the “lock-in effect.” 2) Capital gains taxes reduce the financing available for entrepreneurs. 3) A capital gains tax hike announced in the budget would effectively be the third in recent months.
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@Vaughan Taxing capital gains any higher will definitely have adverse effects for investment in Canada. Capital gains are derived from wealth creation (stocks, private co shares, real estate,etc :assets). Gov should look to cutting #taxexpenditures and closing certain small corporation loopholes to raise $. #tax
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@racker did u know accountants, #tax lawyers, and journalists fly into ottawa tomorrow and are provided an early look at the budget to have their reports and articles ready in time for publication? Supposedly hundreds get an early look, and they have to surrender their cell phones, etc
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@racker will trudeau morneau raise capital gains taxes and eliminate #tax free status of principal residence? something's gotta give to balance the budget or not. if they raise taxes they will spend a lot of political capital.. its an issue that could embolden a conservativeparty win next year
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@racker What Canada’s tech gurus want from Trudeau’s $800B ‘innovation’ budget http://business.financialpost.com/fp-tech-desk/what-canadas-tech-gurus-want-from-trudeaus-800b-innovation-budget #tax "Keep what we have"
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@rangerbentman @racker 4) it would negatively disrupt the financial plans of tens of millions of Canadians And since when has our beloved government actually been concerned for us who pay them more than they are worth? #tax
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anonymous This tax perk for wealthy CEOs will cost Canada $840M this year Critics say the stock option #tax deduction is only helping the rich get richer http://www.cbc.ca/news/business/stock-option-deduction-tax-rate-1.4030442
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@racker @Edp007 I'd love to see no capital gains taxes if proceeds reinvested into a canadian co within 120 days #tax
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@Vaughan Income tax rates vary from province to province brendan as taxes are partly levied by fed and part b prov. but capital gains, when earned, are then "converted" to a taxable capital gain, which is 50% of the total capital gain. This taxable CG is then added into your inclme calculation. #tax
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@racker Trudeau to Make Case That Growth and Redistribution Can Coexist https://www.bloomberg.com/politics/articles/2017-03-22/trudeau-to-make-case-that-growth-and-redistribution-can-co-exist budget and potential Canadian #tax law changes to be announced at 4pm EST today
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@Vaughan Holding the CG rate as is. Music to my ears. Junior mining exploration tax credit extended also. Nice. #tax #budget2017 #sigh-of-relief
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@racker Finance minister Bill Morneau says government not planning to raise rate on capital gains http://www.theglobeandmail.com/news/politics/bill-morneau-says-government-not-planning-to-raise-rate-on-capital-gains/article34412735/ #tax
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@nasdaq Liberty Tax Recognized as a Top Brand for Multi-Unit Ownership @nasdaq/liberty-tax-recognized-as-a-top-brand-for-multi-unit $TAX
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@nasdaq Liberty Tax Service Reports U.S. Tax Results Through April 21st @nasdaq/liberty-tax-service-reports-us-tax-results-through $TAX
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@Excelsior #Korelin Economics Report - WEEKEND SHOW – SAT 29 APR, 2017 * INVESTORS AGAIN FAVORING RISK ON ASSETS * "This week started off with a bang. The US markets gaped up along with a major gap down in #volatility (Dana Lyons has some comments in segment 3). Investors continue to shine a very positive light on risk assets which in turn made #gold and other risk off assets sell off. This general concept is discussed along with #Trump’s tax plan and a couple important company updates, one from Mariana Resources on the sale to Sandstorm Gold." >> Segment 1 & 2: The first two segments I am joined by Peter Boockvar, Chief Market Analysts for the Lindsay Group. We discuss the state of the US #economy focusing on the auto sector and consumer and business spending. In the second segment we look at #inflation which seems to be peaking for the time being. > Segment 3: Dana Lyons outline the historic moves in the $VIX that we saw this week. > Segment 4: Chris Martenson from PeakProsperity.com shares his views on the Trump #tax plan. >> Segment 5 & 6: To kick off the second hour Sean Brodrick is back on the show with a new newsletter! We discuss the state of the #gold market and in the second segment he mentions a number of companies ranging from #producers to #explorers and a few #silver companies. > Segment 7: A update from $AUG Auryn Resources on the mobilization to the Committee Bay project. > Segment 8: Big news this week regarding $MARL Mariana Resources and $SSL $SAND Sandstorm Gold. Glen Parsons joins me to discuss the deal and what it means for shareholders. http://www.kereport.com/2017/04/29/investors-favoring-risk-assets/
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@nasdaq SiempreTax+ Named a Top New Franchise by Entrepreneur Magazine @nasdaq/siempretax-named-a-top-new-franchise-by-entrepreneur $TAX
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@enviro111 It's van yuck that made $tgz decline so much. Relentless selling no matter what the price happens to be. When gold Rose to 1260, the stock went down. That's all van yuck doing it. After June 17th, the selling will be done and stuff like $tax and $smf can go back up. Look for anything es
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@nasdaq Liberty Tax Names Former SpartanNash Executive as Chief Operating Officer @nasdaq/liberty-tax-names-former-spartannash-executive-as-chief $TAX
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