As Donald Trump triples down on his economic war against Canada, one of the things that inspires the most hope is the vociferous and passionate response of Canadians.
The problem is that income tax cuts are meaningless if people lose their jobs, face months- or years-long waiting lists for medical care, or entire sectors of the economy are wiped out by the criminal occupying the White House.
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Canadians also need to reserve some of their anger for politicians who are failing in more abject ways to meet the moment.
Rather than tax cuts for the richest Canadians, I’d prefer to see a plan to address the housing, affordability, and healthcare crises. I’d be happy to see tax cuts on the lowest bracket complemented by increases on the higher brackets.
So far, both liberals and conservatives have promised housing GST tax relief. Liberals for first time buyers, conservatives for any buyers. One of these makes a whole lot more sense to me. Why give a GST break to Bob who’s buying his 4th property to rent out?
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Rather than tax cuts for the richest Canadians, I’d prefer to see a plan to address the housing, affordability, and healthcare crises. I’d be happy to see tax cuts on the lowest bracket complemented by increases on the higher brackets.
So far, both liberals and conservatives have promised housing GST tax relief. Liberals for first time buyers, conservatives for any buyers. One of these makes a whole lot more sense to me. Why give a GST break to Bob who’s buying his 4th property to rent out?
And why give tax cuts to real estate profiteers that are fixing our market at unattainable, unrentable rates?