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You said you would address the potential positives and negatives of this law. However, you then proceeded to mention a huge list of potential negatives that would only affect the small number of people who would have to pay those higher taxes. This was expected coming from a biased economy youtube channel. However, there was no mention at all of how much is estimated to be gained to the government budget from this tax. What social and economic programs would be funded by that tax increase? What is the real percentage of people who would pay more versus what is the real percentage of people who would benefit from the money raised by those taxes? I heard somewhere that the government is planning to use those funds to better control the volatile real-estate market, which is one of the biggest concerns to Canadians today. It would have been good to know how they plan on doing that. Even with the bias, I expected a more informative video than this. I guess at least thank you for explaining what the law is.

this is what every americans should do you have the luxury of having a strong currency and access to treasury bills unlike me who lives in asia take debts to invest not to use it just on spending take debts and invest it in a secure profit treasury bills and you'd not be living on check to check anymore

Is there any legal reason that an elder person with a cottage couldn't sell their cottage to their children for something like $1 while they're still alive rather than leave it in the will? And then would the CRA only count the sale value, or would the still tax based on the appraised value?

Any institution that offers a quarter percent account and calls it “savings” when inflation is over 3% is not one I would look to for advice.

When I worked for CIBC, my team lead would always get us to push remortgaging regardless of need!! I never made my quota 🤭

If a solution can be found it would certainly involve limiting property ownership to one dwelling per household, zero foreign ownership of family homes, zero corporate ownership of family homes. Prices have gone crazy because houses are being sold like stocks.

Business is the best way to be tax efficient.

Interesting - here in Australia, corporates are entitled to no CGT discounting.

Liberal's like to tax and spend!

One solution. DONT HAVE KIDS. They will just be used and abused by the country worse than you were.

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

TRUDEAU IN CANADA IS TRYING THE SAME CRAP

🎉

Trudeau needs to get the fuck out of the way. He's suppressing Canadians to death

I'm embarrassed how small this change is and how dramatic of a controversy has been created out of an ant hill.

All I’m getting is rich people mad that they have to pay more tax.

Insightful video! I never realized how different trading and investing can be. If you're someone who's interested in investing for the long term, you might want to consider adding cryptocurrencies to your portfolio. My Digital Money is a platform that makes it easy and secure to invest in crypto for your retirement. Just a thought!

Why do they do this, they want to turn into REIT's in future?

The big short in 5 minutes

The bagel looks like a cervix

I'm an adjacent industry professional and financial advisors are almost all just insurance salesmen.

Very informative.... 🙏

"regular people impacted" "inheriting family cottages and vacation homes" We have very different opinions on "regular people"...

Thank you for this very qualitative video! You are of public interest !

Just plain? Not even cream cheese? Not even toasted? Just a fresh toppingless chewy bread ring?

The idiocy of human beings astonishes me endlessly

I chuckled when you sarcastically said Earned Income is for “Losers”. All my so-called “Loser” friends now have millions and I lost a million over a decade trying to generate “passive income”.

Man the tax code is a joke, ridiculously over complex on purpose so people can manipulate it their own way.

If only some hacker or hackers could get all 3 there compainies money bet re fix falation ang getting rid many billioniars no

Isnt the benefit of the dividend stock that I dont have to sell it. It just produces income without, creating a perpetual cashflow

WeWork is like the Anna Sorokin of business

Bravo!

16:12 massive #footporn

Okay so fundamentally we need to fix our real estate issue in Canada and this will fundamentally have large consequences to those that use it. I personally think you need to have other things also change with respect to housing vacancy and pricing speculative real estate. Anyone saying this will make Canada less competitive isn't wrong but sort of missing forest for the trees. When you have higher housing costs than the USA but lower salaries and higher taxes, the housing costs are the crux. Literally me wanting to move out of Canada isn't due to taxes, it's due to housing costs. Paying me more and everyone else more wouldn't largely offset that since without fixing the issue prices would climb faster. When someone says it will cool real estate, I'm fine with it. I've been evicted three times in ten years (all N12 for moving into unit) , two times being likely in violation of ltb but fighting it sucks. When people are paying so much to housing of course our productivity will go down. Real estate rent is an economic rent and all potions of the economy are subject to it.

Who in their right mind would buy a home at an inflated price and then take a fixed payment variable mortgage while rates were near zero and the only possible direction for them to move was up? A lot of people need to come to terms with their own stupidity instead of just blaming the government for their problems.

whish someone told me, years ago; "just invest in something low-risk" Because paranoia is whats holding a lot of young people back...

So you can actually lose a lot more than your investment.

to

Yaaaay Fear

So basically all the online investment gurus are scamming us

This prime minister is lazy and spineless. Collecting taxes in theory would be find if citizens got quality services in return. Instead, this wasteful prime minister has done nothing but incur fumble after fumble and make the lives of Canadians worse off. I'd also like to mention that I'm so tired of the lack of creativity of this government. All they know to do is: a) introduce taxes or b) introduce tax free schemes or bank account. So unimaginative and useless. We are at a point where people would much rather buy single family homes than invest into a business in this country, and the smooth brained government has done nothing to inspire meaningful change. Utterly useless and absolutely hopeless. What a waste of the past 9 years. ggs to the middle class in Canada.

Great video

This video aged very very well. Great wisdom plain bagel!

This guy explains everything so fast :( very good vid otherwise

USA politicians pass laws to force Chinese Tech company to sell to USA remember Toshiba n Alstom was Japan n France sold to USA companies TIC Tok is Chinese company USA politicians want to force China to sell dream on Yankee

Well done!!!

This was a very helpful video. Thanks for including so much detail!

All I got is $6 to make something work 😭

Richard, You're the best! Always enjoy your videos and learning soo much domestically as well as internationally on the many subjects you cover. Keep up the good work--love it! -Ervin

I caught on years ago to the fact that the guy in a nice suit with a nice office in the back of the bank is a sales person not a financial expert with your best interest in mind.