What’s Yours Is Yours

42 Replies to “What’s Yours Is Yours”

1. A shocking policy brought out after the advance polls close.

   1. A variation on bait-and-switch, isn’t it?

   2. This has been a Liberal wet dream since Pierre Trudeau , who floated something similar about homeowners paying an “equity” tax similar to a renter paying rent.

      1. Alberta used to have a renter’s tax credit but, along came Ralph Klein, and that was abolished.

         1. But honestly, why should there be such an entitlement?

            1. During the 1980s, thanks to the disastrous economic policies of PET and, to a lesser extent, Mulruin, many people walked away from their houses or, if they were just starting out, couldn’t buy one. Renting was one of the few alternatives left.

   3. Doesn’t really matter, the CBC will never report on it so it can’t be true.

   4. Have to jump in here.It isn’t just home equity. They have also been looking at imposing a capital tax for quite some time. Modeled on the one of that already existing in some Euopean countries. Add central bank digital currency and the coup is complete.

   5. “A shocking policy brought out after the advance polls close.”

      And one more reason why advance polls should be reserved for only the people who can prove a need for them.

2. Liberal Despots.
   Parasitism and other people’s money.

   And if home values plummet, you’re sure to get your money back.

3. You can’t have a triumphant communist revolution if your country has a prosperous and content middle class.
   The leftists must destroy the middle class and make us all equally poor, compliant and controlled. This is the way.

   1. Succinctly put. Well done.

      1. So maybe I’ll just get a home equity loan under the guise of renovations, then use the funds to buy a condo in Mexico and never come back.

   2. Their hero … Vlad Lenin … Vladimir Illyich Lenin, Donny! Not John Lennon … said the way to destroy the middle class is to grind them down between the millstones of taxation and inflation. Looks like Canada has chosen the form of their “Destroyer” … “debauching your currency” … and taxing you to death.

      https://youtu.be/bUim9Jv0y6Q

      Nope, not Lennon OR Harrison playing that tasty ultra-psychedelic lead riff that comes in about 1:12 … it was Sir Paul himself who wrote it and performed it … but the tasty repetitive psychedelic droning guitar riff that comes in after the lead is Harrison

4. “We took on that debt so Canadians don’t have to.”
   https://youtu.be/au3NlUr9gIw?si=XIQHaldQzlgvi-HN

   1. Thanks for reminding me of that mind numbingly stupid comment by the the idiot crown prince. Most Canadians and all of th media bought the idea that the government took on the debt, so we wouldn’t be burdened by it. This is why we get the government we get.

5. FYI: Klein is also the owner, publisher of the Winnipeg SUN.

6. I dealt with that mentality while I was settling my father’s estate.

   We’re told that we don’t have an inheritance tax. We do, but it’s not called that. I paid a large chunk of money in the form of a “probate fee”, based on what my father’s estate was worth. Then there was the capital gains tax on his investments. Changing the title on them involved having to sell them on paper and, so, I had to fill out another tax return.

   So, yes, the government sees an inheritance as a windfall, worth and value that wasn’t earned and I had to pay through the nose for it. Never mind that I had to spend a lot of money in travel expenses as I live in Alberta while the house I inherited was in B. C. and it took me several years before I could sell it.

   It won’t take long before the government will tax your couch for the potential loose change you might find in it, treating that money as unearned wealth.

   1. By the way, this home equity tax isn’t the first time the government tried this. I’m sure many readers will remember a similar penalty investors had to pay on the worth of their stocks about 30 years ago when Chretien was PM.

   2. Look on the bright side. At least you don’t own a home in B.C.

      1. When my father died, Christy Clarke was premier and, even then, I decided I didn’t want to move back to B. C.

         I had enough fun and games with the provincial government on the issue of property tax alone. The house was appraised for well below what B. C. Assessment said it was worth. It was more than 50 years old at the time and it needed a lot of work (e. g., there were cracks in the basement wall that seeped every spring and each time it rained).

         But BCA never bothered looking at things from that perspective. It based its estimate on “comparable” houses in “similar” neighbourhoods. The result was that I still had to fork over a lot of cash, including a premium for being a non-resident owner. After all, as far as the government was concerned, I was merely a speculator.

         Trying to convince outfits like BCA about my circumstances was close to pointless. They decided that I had to be rooked for a lot of cash, regardless of my circumstances.

         1. You should of burnt it down, collected the insurance and walked away.

            1. I sold it nearly 3 years ago, so now it’s someone else’s problem.

   3. “It won’t take long before the government will tax your couch.”
      At the present time we already own only depreciating assets, such as the couch. Everything else is taxed after purchase or upon sale of that asset. Now they are trying to find an additional way of taxing the largest asset and making renting more appealing.

7. “The problem with socialism is that you eventually run out of other peoples’ money.”

   – Margaret Thatcher

8. Fellow wakes up in the hospital, doesn’t know where he is. After a bit a doctor comes in and explains he was in a terrible accident and that’s why he is in the hospital.
   “You lost a lot of blood and sadly we didn’t have your blood type on hand. But it’s turned out all right because we found a donor, and he isn’t even going to charge you for the blood. He’s donated it, and there will just be a small processing fee from the hospital.”

   After the doctor leaves, the patient, now more awake, looks around behind him and realizes they’re taking blood out of his left arm, and putting it back into his right arm.

9. I received a letter from Revenue Canada telling me to register online so I can receive my “Carbon tax rebate” you know the tax they said they axed-looks like the minute liberals take control boom the tax is back?

10. Broke is broke.. Liberal open borders / foreign investment has caused the sky high housing prices.. Its only natural that they get a huge cut of that :).. I’m sure every welfare case / government worker, is ready to vote themselves a raise and a promotion..

11. When governments have large debts, it only increases their greed. I’m sure in their minds they look at any assets like this and figure that the only reason people own it is because the government gave it to them, thus creating the debt.
    Democrats in the U.S. have been talking about a wealth tax, which would cover taxing real estate as described here. They also talk about taxing stock holdings, which is really nuts, because you don’t know the real value until you sell it. Whether you win or lose on an investment, they want to win.
    Another great evil was a plan some years ago to nationalize private retirement accounts.

12. Many homeowners are house rich but cash poor, even an annual 1% tax on their equity would amount to thousands of dollars, a $6,000 bill on a $600,000 home for example. That’s $500 a month.

    Absolutely the end of the “middle class” when very rich people and the government own all the houses.

13. At what point do people realize that they have nothing to lose? And then what happens?

    1. I’m not sure. Do concrete building burn? What are Government buildings made of? Would this contribute to “Global Warming”?

    2. Canadians are too cowardly, lazy and fat to do anything about anything. So nothing will happen. They’ll turn on the TV to watch the Leafs,Oilers, Canucks etc.

14. L- The globalists of the E.U., of which Carnage is a very high ranking member, are already announcing taxing homeowners on the square foot basis, This as their political elite have de-industrialized them via climate worship, too.

    Mark Carney plan is to link, as in chain link, Canada to become part of the European Union.
    This as it enters the next phase of their totalitarian dystopian project.

15. Of course they do…..it’s always been their plan to tax the inflationary growth of the homes of Boomers. They don’t want it to go to the children of those Boomers but rather they just want to blow it on socialist nonsense.

16. Tax home equity?
    I give them credit.
    They’re at least going to pick a large hill to die on.
    And die they will.

17. There’s still room down here in the USA. Just don’t bring your liberal ideas and don’t settle on either coast.

    1. Montana appeals to many in BC. How hard is it to make it down there? I mean you die if you get sick for starters … Unless you are super-rich, no?

       1. UnMe, is that you?

       2. When was the last time you almost died and were saved by the Canadian medical system?

18. What was that 70s top 40 song..”Don’t stop believing” Foreigner ? ..
    Repurpose the tune.
    “Don’t Stop Stealing”.
    For the Kleptocracy is End Stage.
    The productive have been robbed,abused and imprisoned, enough so most have seen the error of their ways.
    Governments hate productive behaviour,so don’t do any.

    And the Parasitic Overload is dependent and addicted to Other Peoples Money.
    If you have it,they need it.
    Worse than any crackhead.
    Believing that they rule,they see no problem with blatant theft,as long as it is them doing it.

    Highwaymen and such gifts to society will once again be found hanging at crossroads.
    Canada has run the “Big Government is Better” experiment.
    We are broke,unable to create wealth from our many resources.
    And “helped” by an endless supply of freeloaders,thugs and destroyers..

    Of course the Liberals are going to steal every identifiable asset in private hands..They are Liberals.
    They know that your wealth is better spent..By them.
    You Pay.
    We play.

    And the Boomers who vote for them?
    Beyond belief…
    Or are they?
    What about those aged citizens who have no wealth put aside and no plan for retirement?
    Do they vote NDP/Liberal,in a frenzy of envy?
    Crab Bucket Politics?

19. Political success is dependent on spending way more than the government collects in taxes but servicing the debt keeps going up and they have to steal wealth from wherever they can and middle class home ownership is the last great source left. Corporations just keep leaving, they keep importing welfare recipients and hiring more bureaucrats so wealth creation per capita has never been lower in the deranged dominion..

    Fun fact: The IRS employs 83,000 while Revenue Canada employs 59,000. We have 71% of the number of US tax collectors with 1/10th the volume of taxpayers and likely less complexity.