Quote:
Originally Posted by skiiipi
If this passes, and it gets layered on with the existing provincial luxury tax...that would mean taxes of up to 35% for a luxury car...that's just robbery.
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As I understand it, people buying new cars above the $125k mark are often structuring the purchase as a lease in a manner where they are "only" paying the higher taxes on the portion that exceeds the tax bracket price ceiling. Plus, the leases are probably getting written off as a business expense as well.
Quote:
Originally Posted by skiiipi
Shocked there is not more discussion about this part of the Budget proposal
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As to the federal budget itself, I'd say it is a mix of good and bad stuff. I really like the $10 a day childcare proposal, even though I wouldn't be benefiting from it at all. At the same time, I am highly skeptical that the federal gov would be able to meet their timeline of halving childcare costs by 2022.
My major concern continues to be -- how are we going to pay for this? As a fiscally conservative person, I try to avoid doing things that I can't afford. Of course, my impression of Trudeau is the exact opposite -- his knack at spending money that he doesn't have -- that we (Canada) do not have is unbelievable.