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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@VaughanSure, 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.
@VaughanOn 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.
@TheGalvanizerAnything 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
@TheGalvanizerI 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
@lukejacksonI 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
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
@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
@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
@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
@MaggeeI 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
@Benedictthe 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
@rackerThree 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.
@VaughanTaxing 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
@rackerdid 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
@rackerwill 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
@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
@VaughanIncome 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
@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.
@enviro111It'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