[Canada] Canadian Politics Redux

[Bauer]

What do you think the reviews are looking for?

Not entirely sure, presumably to see if sale to foreign owners is in national interest.  I was speaking from a process perspective, if the concern is foreign ownership I don't think cap gains tax is the way to address that. 

What I would like to see happen is taxation restructured to incentivize beneficial behaviours like companies that have reinvested and increased their productivity/valuation. The owners have a right to that profit.  Maybe there already is a cap gains deduction for that purpose I'm not sure.

[HVC]

Theres already something along those lines. SR&ED (Scientific Research and Experimental Development Tax Credit). You can get back a percentage of expenses. More than 50% but off hand I don't recall how much. Name sounds fancy, but doesn't have to be scientific. There is a 1/4 million cap though, as well as a cap on percentage of overall business tax owed. it's also a pain the ass so there's a bunch of consultants out there. Ontario also has a much (MUCH) smaller program. I've had to deal with it at two companies now. Both manufacturing in the creation of new processes. Might be simpler to make it easier and have a higher cap.

[crazy canuck]

What do you think the reviews are looking for?

Not entirely sure, presumably to see if sale to foreign owners is in national interest.  I was speaking from a process perspective, if the concern is foreign ownership I don't think cap gains tax is the way to address that. 

What I would like to see happen is taxation restructured to incentivize beneficial behaviours like companies that have reinvested and increased their productivity/valuation. The owners have a right to that profit.  Maybe there already is a cap gains deduction for that purpose I'm not sure.

No, most equity sales are done with no oversight at all. 

Many Canadian enterprises are started with the ambition of being bought by Americans. A consequence of that is very little long term investment.

[Valmy]

Many Canadian enterprises are started with the ambition of being bought by Americans. A consequence of that is very little long term investment.

Yeah well many American enterprises are started with the ambition of being bought by one of our big quasi-monopolies. There is even a term for it, you need an "exit strategy" when looking around for investment.

[crazy canuck]

Many Canadian enterprises are started with the ambition of being bought by Americans. A consequence of that is very little long term investment.

Yeah well many American enterprises are started with the ambition of being bought by one of our big quasi-monopolies. There is even a term for it, you need an "exit strategy" when looking around for investment.

Yes, and the difference being your country gets the benefit of the tech that is developed.

At least that is what happened in the before times before the US decided research is bad

[crazy canuck]

The separatist candidates in the three Alberta provincial by elections didn't come close.

[Bauer]

So off to 5% we go, but in Carneys interview on cnn he said some dual use investments on airports, ports, maybe even critical mineral mining, may count somehow.  Sounds like clever accounting and smoke and mirrors to make up a fancy gdp target.  They also will review in 2029 and if situation changes the upward spending may be curtailed.

I suppose it does make sense to have a holistic wartime industrial base incorporated into such agreements.

I also think it's almost certain that either Churchill or another Hudson Bay port will be seeing significant development soon.

[crazy canuck]

Much of this NATO meeting was finding a way for NATO to survive the Trump presidency.  And the NATO members get full marks for getting past the first meeting with that objective still intact.

[Bauer]

Yeah that would make the 2029 review extra important.  Then increase target to 10% under trumps third term? 

[crazy canuck]

 

[crazy canuck]

C-5 is now law.  Now let's see if the private sector moves gets projects going.

edit, also reports that Carney has given notice to senior civil servants that if they do not take action to implement the governments agenda, they will be replaced  with people who will.  As a side note, the senior ranks serve at the pleasure of cabinet, so they can be replaced. 

[Jacob]

So Trump just stopped all trade negotiations with Canada again. Apparently?

[Jacob]

Also, a BC MLA's office was targetted with an explosive device.

[crazy canuck]

So Trump just stopped all trade negotiations with Canada again. Apparently?

Yep

U.S. President Donald Trump says he is ending trade discussions with Canada and will soon impose a blanket tariff on all of the country's products in retaliation for Ottawa's digital services tax.

In a Truth Social post Friday afternoon, Mr. Trump abruptly broke off talks, which Prime Minister Mark Carney has said were aimed at reaching a deal by late July.

"Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately," Mr. Trump wrote. "We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period."

Fuck em

[Grey Fox]

Always acting like the USA is a piss poor 3rd world country. Who owns the deed is the only thing that matter.