Justin Trudeau is Doing a Great Job

[ArcticCrusher]

31 minutes ago, 1trailmaker said:

They report the news and always have, what they think isn't in play.  Something you are now realizing,

It's hard to deflect once he opens his mouth and the stupid comes out.  What colour socks was he wearing?

[Usedtoskidoo]

51 minutes ago, ArcticCrusher said:

It's hard to deflect once he opens his mouth and the stupid comes out.  What colour socks was he wearing?

No Its only mid cycle so they will run these op-eds for awhile and then right when the campaigning starts the glowing pieces will come out. Its a shell game.

[ArcticCrusher]

Again good job Trudeau (and Notley)

 

http://business.financialpost.com/opinion/on-energy-east-trudeau-and-notley-faked-saying-yes-but-governed-by-no

[ArcticCrusher]

38 minutes ago, Usedtoskidoo said:

No Its only mid cycle so they will run these op-eds for awhile and then right when the campaigning starts the glowing pieces will come out. Its a shell game.

He will get worked over by Sheer, Fagmeet and May.

[ArcticCrusher]

Real Change

 

http://www.cbc.ca/news/politics/liberal-mp-wayne-long-breaks-rank-small-business-tax-1.4327839

[ArcticCrusher]

Another one who gets it.

 

 

From: John Brussa

Sent: Monday, October 02, 2017 2:52 PM

To: 'andrewsheer@parl.gc.ca'

Subject: Liberal Government Tax Proposals

 The Honorable Mr. Scheer;

I don't usually write to elected officials, but I wanted to thank you for standing up for the spirit of entrepreneurship and risk taking in this country. First, let me introduce myself with a little of my back story.

I am currently the Chairman of a mid- sized Calgary based, energy focused law firm. I have practiced in the tax field all my life (over 30 years) with some recognition as a leading practitioner with stints as a Governor of the Canadian Tax Foundation. I am also keenly interested in the Canadian business sector, having served on more than thirty Boards of Directors of public companies. I have recently been appointed a Jarislowsky Fellow at the Haskayne Business School. I say all this in that I have seen the effect of taxation on business from both the professional capacity  and the business perspective. I have had many interactions over the years with the Federal Department of Finance and have some inkling of the advice Mr. Morneau is receiving. I am decidedly not like the Prime Minister nor the Finance Minister in that my parents were poor immigrants to Canada, and I have not benefited from a trust fund or the legacy of heading a family corporation. Perhaps that informs my views.

This is my unvarnished view.

Minister Morneau's contention of "fairness" and loop-hole closing is ludicrous and disingenuous.

The Income Tax Act is replete with provisions which encourage types of behavior. Most such types of behavior are socially beneficial and generally laudable. Such is the case with the "loop-holes" he is targeting. I am sure that you know this, but the tax system is built to encourage investment. That is why the tax rate on a dollar of consumption is much higher than on a dollar which is re-invested. The easiest way to understand this is the difference between rates on corporation and the rates on individuals. The theory of tax integration means that a dollar earned in a corporation and distributed to a shareholder ( a combination of the corporate tax and the individual tax on the same dollar) is taxed at a rate which is between 60% and 100% higher than a dollar retained in the corporation (corporate tax only) What Minister Morneau sees as nefarious (or perhaps he is simply a demagogue) is simply something which has been in the tax system for many years because it is good economics for Canada. To the extent a shareholder keeps his money in his corporation, he is saving and not consuming. That increases everything from risk capital to bank loans available to expand economic activity. As much as I disagreed with Stephen Harper's wisdom in eliminating income trusts, at least I understood that the rationale was to prevent decreases in corporate investment. Income trusts were thought to be offensive not because of the tax leakage (there was none as subsequent statistics show) but because they defeated the incentive that the tax system has for the retention of earnings in a corporation to fund investment.

When we examine the current state of the economy and high level of personal indebtedness, it is clear that CANADA NEEDS MORE SAVINGS, NOT LESS. It needs more people to defer consumption and to provide risk capital to the economy. The proposals from this Government are nothing more than an attempt to collect revenue and suppress savings. . Well, no great country was built on the back of government spending and consumption. I had to cringe in that I heard the bureaucrats at Finance saying that the RRSP limits and TFSA limits define the "right" amount of savings and anyone who tries to save more should be taxed into being disabused from doing so! That is his idea of "leveling the playing field".  Presumably, if this is not enough to fund a comfortable retirement, the Government take care of the shortfall. This is the worst type of sophistry. All the more from individuals (the Finance Minister and Prime Minister) who have scarcely had to take any risks to attain economic security.

Apart from the technically flawed argument for the proposals, the vilification of the "rich" is disgusting. I am a fan of Churchill when he said that capitalism is the unequal sharing of wealth while socialism is the equal sharing of misery. The Government's disregard for the entrepreneurs in our society is apparent. Their disdain for those who would take care of themselves and not be a burden on society is pronounced.

Thank you for speaking out on this. If there is anything I can do to help I would be willing to. 

John Brussa

Partner and Chairman

BD&P BURNET, DUCKWORTH & PALMER LLP Law Firm

(Published with the Author's Permission)

[revrnd]

1 hour ago, ArcticCrusher said:

Real Change

So much for the vaunted 'openess and transparency' that he campaigned on:

https://www.thestar.com/news/canada/2017/09/27/canadas-access-to-information-system-faring-worse-under-trudeau-government-audit.html

https://beta.theglobeandmail.com/news/politics/canadas-access-to-information-system-has-worsened-under-trudeau-government-report/article36407309/?ref=http://www.theglobeandmail.com&

'But it's Harper's fault."

Edited October 6, 2017 by revrnd

[The Rocket]

57 minutes ago, ArcticCrusher said:

Another one who gets it.

 

 

From: John Brussa

Sent: Monday, October 02, 2017 2:52 PM

To: 'andrewsheer@parl.gc.ca'

Subject: Liberal Government Tax Proposals

 The Honorable Mr. Scheer;

I don't usually write to elected officials, but I wanted to thank you for standing up for the spirit of entrepreneurship and risk taking in this country. First, let me introduce myself with a little of my back story.

I am currently the Chairman of a mid- sized Calgary based, energy focused law firm. I have practiced in the tax field all my life (over 30 years) with some recognition as a leading practitioner with stints as a Governor of the Canadian Tax Foundation. I am also keenly interested in the Canadian business sector, having served on more than thirty Boards of Directors of public companies. I have recently been appointed a Jarislowsky Fellow at the Haskayne Business School. I say all this in that I have seen the effect of taxation on business from both the professional capacity  and the business perspective. I have had many interactions over the years with the Federal Department of Finance and have some inkling of the advice Mr. Morneau is receiving. I am decidedly not like the Prime Minister nor the Finance Minister in that my parents were poor immigrants to Canada, and I have not benefited from a trust fund or the legacy of heading a family corporation. Perhaps that informs my views.

This is my unvarnished view.

Minister Morneau's contention of "fairness" and loop-hole closing is ludicrous and disingenuous.

The Income Tax Act is replete with provisions which encourage types of behavior. Most such types of behavior are socially beneficial and generally laudable. Such is the case with the "loop-holes" he is targeting. I am sure that you know this, but the tax system is built to encourage investment. That is why the tax rate on a dollar of consumption is much higher than on a dollar which is re-invested. The easiest way to understand this is the difference between rates on corporation and the rates on individuals. The theory of tax integration means that a dollar earned in a corporation and distributed to a shareholder ( a combination of the corporate tax and the individual tax on the same dollar) is taxed at a rate which is between 60% and 100% higher than a dollar retained in the corporation (corporate tax only) What Minister Morneau sees as nefarious (or perhaps he is simply a demagogue) is simply something which has been in the tax system for many years because it is good economics for Canada. To the extent a shareholder keeps his money in his corporation, he is saving and not consuming. That increases everything from risk capital to bank loans available to expand economic activity. As much as I disagreed with Stephen Harper's wisdom in eliminating income trusts, at least I understood that the rationale was to prevent decreases in corporate investment. Income trusts were thought to be offensive not because of the tax leakage (there was none as subsequent statistics show) but because they defeated the incentive that the tax system has for the retention of earnings in a corporation to fund investment.

When we examine the current state of the economy and high level of personal indebtedness, it is clear that CANADA NEEDS MORE SAVINGS, NOT LESS. It needs more people to defer consumption and to provide risk capital to the economy. The proposals from this Government are nothing more than an attempt to collect revenue and suppress savings. . Well, no great country was built on the back of government spending and consumption. I had to cringe in that I heard the bureaucrats at Finance saying that the RRSP limits and TFSA limits define the "right" amount of savings and anyone who tries to save more should be taxed into being disabused from doing so! That is his idea of "leveling the playing field".  Presumably, if this is not enough to fund a comfortable retirement, the Government take care of the shortfall. This is the worst type of sophistry. All the more from individuals (the Finance Minister and Prime Minister) who have scarcely had to take any risks to attain economic security.

Apart from the technically flawed argument for the proposals, the vilification of the "rich" is disgusting. I am a fan of Churchill when he said that capitalism is the unequal sharing of wealth while socialism is the equal sharing of misery. The Government's disregard for the entrepreneurs in our society is apparent. Their disdain for those who would take care of themselves and not be a burden on society is pronounced.

Thank you for speaking out on this. If there is anything I can do to help I would be willing to. 

John Brussa

Partner and Chairman

BD&P BURNET, DUCKWORTH & PALMER LLP Law Firm

(Published with the Author's Permission)

VERY well said. 

[ArcticCrusher]

One who does not.

 

http://nationalpost.com/opinion/andrew-coyne-most-small-businesses-go-nowhere-why-tilt-the-tax-system-in-their-favour

[revrnd]

1 hour ago, ArcticCrusher said:

One who does not.

 

http://nationalpost.com/opinion/andrew-coyne-most-small-businesses-go-nowhere-why-tilt-the-tax-system-in-their-favour

Making sure he keeps his spot on The National's Thurs' night panel.

[1trailmaker]

lowest unemployment numbers in a decade

Record growth not seen in recent times

Stock Market steady at record highs

nice socks

 

 

 

[1trailmaker]

OTTAWA –The House of Commons Health Committee has completed its study of Bill C-45, the government’s bill to legalize marijuana, and has made some tweaks to the government’s proposal, including cutting out the height restriction on homegrown marijuana plants.

The original version of the legislation proposed by the government stated that when growing marijuana plants at home, the maximum plant height would be 100 centimetres. Now, any references to a specific height have been removed from the bill.

During the marathon testimony that saw more than 100 witnesses come before the committee, the point was raised that if a plant owner let their plant grow one centimetre too tall, they’d become a criminal.

Despite a wide range of other serious concerns about the legislation—from the impact on youth and the bill staying silent on edibles, to provinces and police forces’ preparedness—no other substantive amendments were passed.

The committee spent several hours over Monday, Oct. 2 and Tuesday, Oct. 3 considering amendments. The Liberal majority defeated the amendments proposed by the NDP at committee, while the Conservative members voted against all proposed amendments as they are opposed to marijuana becoming legal.

 

 

100cm is a joke, good thing they took that out of the bill.

No edibles is strange since its consuming without smoking something you would think would be encouraged

Cons still living in the 1920's

 

 

[1trailmaker]

Still, in a release that economists are calling a mixed bag for the Canadian job market overall, Ontario was the clear winner. The province drove the national employment gain, by adding 31,100 net new positions, enough to bring the provincial jobless rate down to 5.7 per cent, the lowest since the turn of the millennium, according to TD economist Brian DePratto. Employment held steady or declined slightly across the other provinces

 

Looking at the bigger picture, however, the latest numbers said the labour market expanded 2.1 per cent compared to a year earlier with the addition of 374,300 net new jobs. Of those new jobs, 213,400 were full time. The data provided yet another sign the economy continued to have momentum after a stronger-than-expected start to 2017 that has also prompted two interest rate hikes by the Bank of Canada.

The latest rate increase came earlier this week after a report showed Canadian economic growth expanded at an annual pace of 4.5 per cent from April to June.

Last month’s labour data showed that the services sector gained 35,900 jobs while the number of factory positions fell by 13,700. The goods sector slide was led by a loss of 11,100 manufacturing positions.

 

.

haven't seen these type of numbers in a very long time-   all bad according to the posts above

[1trailmaker]

Here are the provinces ranked from the lowest to highest unemployment rate:

Current unemployment rate:

Manitoba	5
British Columbia	5.3
Ontario	5.7
Quebec	5.8
Saskatchewan	6.6
New Brunswick	6.5
Alberta	7.8
Prince Edward Island	10
Nova Scotia	7.9
Newfoundland and Labrador	15.7

[ArcticCrusher]

9 hours ago, ArcticCrusher said:

Real Change

 

http://www.cbc.ca/news/politics/liberal-mp-wayne-long-breaks-rank-small-business-tax-1.4327839

The sequel.

http://m.torontosun.com/2017/10/06/trudeau-breaks-another-promise

[ArcticCrusher]

25 minutes ago, 1trailmaker said:

Still, in a release that economists are calling a mixed bag for the Canadian job market overall, Ontario was the clear winner. The province drove the national employment gain, by adding 31,100 net new positions, enough to bring the provincial jobless rate down to 5.7 per cent, the lowest since the turn of the millennium, according to TD economist Brian DePratto. Employment held steady or declined slightly across the other provinces

 

Looking at the bigger picture, however, the latest numbers said the labour market expanded 2.1 per cent compared to a year earlier with the addition of 374,300 net new jobs. Of those new jobs, 213,400 were full time. The data provided yet another sign the economy continued to have momentum after a stronger-than-expected start to 2017 that has also prompted two interest rate hikes by the Bank of Canada.

The latest rate increase came earlier this week after a report showed Canadian economic growth expanded at an annual pace of 4.5 per cent from April to June.

Last month’s labour data showed that the services sector gained 35,900 jobs while the number of factory positions fell by 13,700. The goods sector slide was led by a loss of 11,100 manufacturing positions.

 

.

haven't seen these type of numbers in a very long time-   all bad according to the posts above

Half the jobs created in Onario were government.  Just what we need.

[revrnd]

29 minutes ago, ArcticCrusher said:

The sequel.

http://m.torontosun.com/2017/10/06/trudeau-breaks-another-promise

It's in the Sun, so it's fake news.

[ArcticCrusher]

A Trudeau is a Trudeau is a Trudeau.

http://nationalpost.com/opinion/kelly-mcparland-liberals-divide-country-with-unflappable-bombardier-support-disregard-for-energy

[revrnd]

11 minutes ago, ArcticCrusher said:

A Trudeau is a Trudeau is a Trudeau.

Funny you phrase it that way. JT's explanation of something the other day (I don't recall the question) reminded me of this:

Quote

A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven.

 

[ArcticCrusher]

Interesting read from former Liberal MP.  Paul joins in on the comments.  Not to pleased.

 

http://nationalpost.com/news/politics/former-liberal-mp-accuses-party-of-undemocratic-and-illegal-nomination-practices#comments-area

[ArcticCrusher]

4 minutes ago, revrnd said:

Funny you phrase it that way. JT's explanation of something the other day (I don't recall the question) reminded me of this:

 

I took it from a Canadian is a Canadian is a Canadian.  Lol.

[dirtybeacher]

 

[revrnd]

3 hours ago, ArcticCrusher said:

Interesting read from former Liberal MP.  Paul joins in on the comments.  Not to pleased.

 

http://nationalpost.com/news/politics/former-liberal-mp-accuses-party-of-undemocratic-and-illegal-nomination-practices#comments-area

From the comments:

Quote

What we have here as Prime Minister is only the tip of an Iceberg of an insidious political party , wretched and rotten to the very marrow of its own bones . This puppet was placed at the head of that party because most of the awakened Canadians had begun by realizing what was going on within that party of morbidness .
***
There has never been a genuine leadership race in the Liberal Party of Canada , no , the only reason that Justin Trudeau was placed there at all was simply on behalf of the family name that he bears , final . It was the Liberal henchmen’s who worked on political strategies who concocted everything because they knew very well what was happening at the heart of their dying political party , so what did they do , they’ve resurrected a dead man , a dead name …
***
Never forget that more than 59% of Canadians did not vote for the Liberal Party of Canada in the last federal election of 2015 ... This guy is an empty shell , a first-class aplaventrist calling himself sometimes a feminist and a defender of the rights of the LGBT community to then be a fervent ( ad nauseam ) defender and promoter of Islam which have diametrically opposite views to the first two values that he claims to support ! So get to know what’s really going on in the depths of his little brain !? He’s a real weather vane yeah .

 

[1trailmaker]

4 hours ago, ArcticCrusher said:

Interesting read from former Liberal MP.  Paul joins in on the comments.  Not to pleased.

 

http://nationalpost.com/news/politics/former-liberal-mp-accuses-party-of-undemocratic-and-illegal-nomination-practices#comments-area

I am going to bet every seat that is a for sure seat would be a battle to have in any party. 

Where I live Provincially and Federally Conservatives win a seat every election with ease.  Do you think any Joe Blow is getting that gig?  No matter who the candidate is they will be voted in by the ONEWAYS

190k a year is a good wage

 

This Wynne bribery stuff sudbury is a waste of time and money - They don't want you so you are out - simple

 

 

 

 

[ArcticCrusher]

5 hours ago, 1trailmaker said:

I am going to bet every seat that is a for sure seat would be a battle to have in any party. 

Where I live Provincially and Federally Conservatives win a seat every election with ease.  Do you think any Joe Blow is getting that gig?  No matter who the candidate is they will be voted in by the ONEWAYS

190k a year is a good wage

 

This Wynne bribery stuff sudbury is a waste of time and money - They don't want you so you are out - simple

 

 

 

 

So you're going the wrongway in a oneway, just like here.what a surprise.

Regardless, there are rules and procedures that must be followed.  Seems the Tards keep forgetting what those are.