It really is like the mob, you can’t have something – like prescription drug benefits – without paying tribute to the boss, in this case the feds.
I think the end goal is a national healthcare plan and elimination of private insurance.
It really is like the mob, you can’t have something – like prescription drug benefits – without paying tribute to the boss, in this case the feds.
I think the end goal is a national healthcare plan and elimination of private insurance.
Gee,I wonder why he’s doing this!
I mean,Canada is a well governed modern first world Country whose budget is self-balancing,so why another tax?
Hm, makes ya question the dogma.
Peirre Pepsi is a mindless turd.. We are going to be at the point where we give all our earning to 3 levels in Gov. and they will give us an allowance.
I AHH was going to AHH comment on the AHH video but AHH then I AHH decided that AHH it was really AHH pointless as AHH there would be AHH others that AHH will have AHH better comments than AHH myself on AHH this
Really!!!! Can’t the PRIME MINISTER of CANADA get help in public speaking? OMG I have better coaching at work and that is not even the local toastmasters.
Oh… the topic at hand….. so they tax it. Do they tax the benefits I used? IE the more $$ I submitted or the “value” of the benefit? Say one guy is sick/has a kid sick or braces and uses a fair amount of his health care plan…… is he taxed the same as the guy who used little? (Same job no family no dependants healthy) Or do they tax the “value” of the benifet if one used all the available benefits? Including mat/parental leave top ups for people who never have kids as an example.
What an ass. He has no clue how many people he will tick off.
“We are actively engaged in engaging…..”
It’s Byzantine no matter how you look at it.
You take out insurance to protect yourself and your family against the cost of unexpected illness or health issues.
The Government, who is/are legally obligated to provide health care, then taxes you on the cost of getting that care?!
Let us not forget that Health Care is a Provincial responsibility; why is the Federal Gov’t sticking it’s nose in?
Clawing back from whatever it’s contributed to the Provinces? I want to hear the Provinces screaming, loud and long!
Notice in the report that it was the bureaucrats that came up with this? Political parties come and go, but the bureaucrats never change…it seems that political parties are a hindrance to them.
As it currently stands 60% of Canadians get employer funded health insurance tax free…for example, assuming a $5K plan this means over $2K in tax breaks. The other 40% only get a tax credit of 15% for medical expenses over $2200 or in this example $500. But this $4500 cost has to be paid with after tax $’s so they have to earn over $6500 (and why the majority don’t bother). This is not fair for the self employed, part time workers, small business workers, and retired Canadians without cushy pension plans!
They want to make the employer contribution (typically $4-6000 per year) a taxable benefit — which it should be because it is compensation.
Tax and spend Liberals. Sunny ways. What a buch of complete arsewholes
My ongoing, and unfortunately unrealized, hope is that those who voted for this bunch, (and Wynne’s mob), will be the ones to suffer the most. Dreaming, I know.
I agree with the removal of the deduction as long as it is replaced with a tax credit for individuals to buy coverage either individually or through their employer or association.
Making it taxable will mean fewer people will have insurance and that some of those that people will get medical care on a timely basis – putting them into hospital – read taxpayer funded – healthcare.
They want to make the employer contribution (typically $4-6000 per year) a taxable benefit — which it should be because it is compensation.
What about the employer contribution to workmen’s compensation? That’s compensation as well…
I believe you are referring to employer paid disability insurance (which is also not currently taxed), and yes it should be a taxable benefit as well. If a self employed worker doesn’t get a tax free benefit, then it should be taxed. The employer treats it the same as salary.
This insurance is covering extended health, dental, and vision expenses so the bulk of the costs are already tax payer funded. The reality is it is hard for a family without this insurance to exceed the $2200 per year threshold of allowed medical expenses under our system anyway. The insured get “cadillac” services like name brand vs. generic medications, non prescribed physio, etc.
The Liberals never saw a tax they didn’t like.
Keep in mind too, this will apply largely to municipal, regional district, provincial and federal employees, as well as all provincial health workers.
This group largely voted for his Spudness. We’ll see how well this goes over.
The title of this post is also misleading. The employers (I am one) could care less as it will cost them the same either way. It would shift from being a hidden expense to something you see on your pay stub (and T4). imho: Canadians are pretty clueless as to the cost of this insurance and whether or not they actually use it all (they usually don’t) so this isn’t a bad thing.
Its a bad thing when one sees how wasteful the Spud’s Liberals are with money, particularly their proclivity to give it away overseas on nebulous ventures. That’s where it makes a YUGE difference to all of us, when our pockets are lightened for no good whatsoever.
He brings this in and I’m going contractor. Screw being an employee. I’d save a pant load. I’d collect nice dividend cheques from my own company screw you trudeau you piece of garbage.
I am not totally against this if it was revenue neutral and it meant strongly reducing the overall tax burden. I believe Maxime Bernier has promised to get rid of most tax credits so that he cut can taxes for everyone overall. The problem with Trudeau is it won’t be revenue neutral and he won’t cut taxes. He wants to spend like a drunken sailor so anything to get more money out of us taxpayers his government will try. If I were PM it would get rid of all deductions except for those that primarily benefit low income individuals while in exchange drop overall tax rates with the first $20,000 being tax free (up from $11,000 today), 10% instead of 15% for incomes $20,000 to $50,000, 20% for $50,000 to $100,000 and top rate of 25% for above $100,000 which would make Canada once again close to the OECD average for top tax rates rather than one of the highest as we are now. Our top rate would be lower than France, Germany, and Italy again (embarrassingly enough in Ontario and Quebec the top rate is above those three) while similar to UK and US. Likewise a drop in tax levels for lower income Canadians would be a much stronger stimulus to help jolt the economy than government spending as people would be able to spend it where they want instead of whatever pet program the government wants. Off course you can only cut taxes so much without ballooning the deficit thus I think scrapping tax credits in favour of lower overall tax burden is the best way to lower taxes, increase economic growth, and avoid swelling the deficit.
“I am not totally against this if it was revenue neutral…”
Revenue neutral taxes: the shortest list in history.
I’m referring to the compulsory WCB, and the employer paid premiums.
A different animal, these (like UI contributions) are into a pooled fund equally available to all qualified workers in the event of injury (or job loss). These employer paid insurance plans are individualized and not universal — you can live without them as 30% of Canadians do. I’d personally like to see all of these become employee controlled and paid for but that isn’t going to happen.
Video: Tom Messner gives a timeline for the dangerously cold weather coming. 12.14.16
http://commoncts.blogspot.com/2016/12/global-warming-update-prepare-for.html
The title of the post is exactly correct. The insured employee will have to pay more taxes. Rather than raise the credit for the uninsured, they’re going to raise taxes on the insured. Because suddenly, after going on spending spree after spending spree, they’re worried about revenue, or something.
If they were really innovative, they could make up any shortfall by charging gushing reporters and civil servants to take selfies with Trudeau.
No. about half of those premiums are to cover drug and paramedical costs. A significant amount of those drugs and services keep people’s conditions from deteriorating to the point where they do enter the public funded system.
Naturally it is difficult to say how much but the point is that the increased tax revenues are going to be offset to some degree by increased govt health spending- especially in the SMB part of the market.
Munni ways
More taxes….what do you expect from the Liberals? When Trump drops taxes in the U.S., Canada will be at a big(ger) disadvantage. It’s going to be quite interesting to watch the two economies diverge from each other….especially when the carbon tax hits Canada wide. Taxing our way to prosperity. The stupidity is stunning.
Trudeau is a massive failure and he’s just getting started. Maybe his cabal behind the curtain should take a look at the colossal mess going on with the government payroll system. The Minister on the file, Judy Foote has a bigger mouth than brain, has few answers and is blaming it on the Harper government by repeating over and over that they inherited the problem. I’d say those not getting paid are not interested in using this to play politics, they want answers and their pay but poor old Judy can’t stop herself. Her assistant had to answer the tough questions.
This is as bad as it gets, they have no clue, their gross incompetence is there for all to observe.
this municipal worker didn’t vote for le petite pomme de terre or any influence peddling son of a liberal lawyer.
And you might be surprised to find many in the service of government did not either. But then I live in BC, no accounting for the far east mind set.
That said I agree, wait for the backlash. But don’t forget our effete PM wants us to pay for the billions he has squandered in his short year at the helm. He will raise tax’ and he will fundamentally alter our Dominion for the Quebec mandate is to rule. And rule like a Jesuit he will.
What is it with this SLIME BALL that he cant answer the goddamned Questiion…instead of a whole pile of Political BS….
God almighty Let this sack or Progressive Filth be run over by an EV…sooner than later.
Fidel Lite…..
strad, stick to gay bashing, as your comprehension on this file is about zero. Works comp and an “extra” policy are totally different kettle of fish. If you had ever been an employer or taken basic business concepts, you’d know that.
Workmen’s comp is an insurance paid by the employer…as such, is a material benefit to the employee.
And I don’t bash being happy…:-)
The good news in all of this is that people are starting to catch on here. Pony’s poll numbers are dropping and he’s only just begun. Too bad we have a long drawn out leadership race and can’t capitalize.
As one who has done taxes professionally for a quarter-century, I am waiting for the details. My concern is that certain constituencies will be protected – as in don’t have to pay this tax – while the small businesses who are providing benefits to their employees and the self-employed who have signed up for plans will be really, really screwed.
I hope you realize ,he is just getting started.
It’s not like his or any other Liberal graft was unheard of.
People actually voted for this.
This is why Liberal voters need to be confronted and blamed for what they have done to the country.
Also: I couldn’t resist:
https://www.youtube.com/watch?v=BgqtBm_oUpc
I’ve always argued that health care, whether government sponsored or private, should work like auto insurance and body shops. (Get it??–body shops??) You have an accident, whether you have SGI, Wawanesa or Allstate, you take the car to the body shop, they fix your dents and bill the insurance co. Hospitals should work the same. Whether you have Saskatchewan Health Services, Blue Cross or Allstate, you go to the body shop, they fix your hemorrhoids, they bill the insurance company and we all live happily ever after. That would keep the system honest and fair.
As I posted on Facebook, Margarets damaged spawn is too stoned to realize what a laughingstock he has become. A world class clown, and that same world is laughing, and laughing, and continues… laughing.
This uhh of course will uhh mean all the uhhh government grunts will need uhhh raises.
Always control. More power for government, less personal freedom. As long as anyone anywhere can do anything without government permission, their job will remain unfinished.
Soon they will give up all pretense. The government in your bedroom, kitchen, bathroom, dining room, breakfast nook, living room, parlour, kitchen, utility room, car, front step, back porch…
Every time a Liberal starts talking about savings and investment it ends up costing me money.
Trudeau will tax us into the poor house
One of the best things about health coverage for people who work, to pay for people who do not work, is that at least they know they will not not face a mini-financial crisis if their kids have to go to the dentist or requires prescriptions for chronic health problems. If trudeau futzes with the non-taxed status of health and dental benefits it will show he has absolutely no clue as to what it means to be a working parent.
Taxes have consequences. If you tax employer provided health benefits to pay for benefits for uninsured people, won’t everyone suddenly become uninsured?
EyesWideShut: He doesn’t know what it is like to work. He hasn’t held a real job for than a year discounting the Fed. gov’t. He doesn’t know what it is like to get a cheque in your hand and take to the bank!! He hires people to do that! He is the worst PM LIBERAL we have ever had…..doesn’t know much about anything..other than PAY FOR PLAY!!
I think I am starting to understand Turdo aka Spud…..Soon it will be PAY FOR PLAY for all Canadians!!! Just think about it for a second and the light will go OFF!!! (Communism)
a friend of mine pays insurance for things like dental, eyeglasses etc. he informs me that payouts have become so poor he is planning on cancelling the plan and putting the monthly cost of the plan in a bank account, because he never ever comes close to a 50% return on the annual cost of the plan. I wonder how trudeau will try and tax that?