Cap-and-trade will cost Ontarians $8B in first years with minimal greenhouse gas reductions: auditor.


TORONTO — Ontario’s cap-and-trade program will cost the province’s consumers and businesses $8 billion dollars in its first years of operation to get minimal greenhouse gas reductions, the auditor general said Wednesday. In her annual report, Bonnie Lysyk said households will pay an average of $156 next year in added costs on gasoline and natural…

via Cap-and-trade will cost Ontarians $8B in first years with minimal greenhouse gas reductions: auditor — National Post – Top Stories

 

I can’t just pick one part of the Auditor General’s report on the way the Ontario Liberal Government has been slowly destroying this province but I think this is the main one we’ll be talking about for years to come…

When will Ontarians wake up to the deceit and lies being fed to us by this government and care enough to not vote them back in power.

I’ll translate the headline further: The Ontario Liberal government will be getting $8 billion dollars from you, and me, from taxpayers, from businesses, from seniors… from everyone in Ontario for nothing.

This $8 billion dollar tax windfall will pay for broken contracts, wasteful spending, overruns on transit projects, union contract negotiation payouts disguised as pizza, and other perks.  It will result in businesses being forced to close, families going hungry and unemployment.

Much like the high hydro rates have resulted in people using less hydro, which then resulted in hydro having to increase rates to make more money.  It just doesn’t pass the smell test.

If it doesn’t look good, and it doesn’t smell good, it isn’t going to taste good and that’s because it’s rotten.

The Auditor General said it…

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US Politics: Can You Hear it? Locker-Room Talk All About Trump’s Campaign Implosion


As a Canadian who has been besieged by US Presidential election coverage for over a year and a half I have to say it was Donald Trump who actually made me by attention for the better part of that year-and-a-half.  Heck, I even watched half of one of the debates.

If this were Canadian politics, I would have watch both debates in their entirety and would be bitching and whining on my blog.

But how could I not maintain interest in this election?  The 1st woman President was only going to be held back by her husbands wandering genitals until Trump, always the entertainer, told us she was dying, unfit, stupid, and that she would continue to do nothing for the US public…

He made her package of Hilary Clinton as confusing as his comb-up, comb-over, comb-across hair style, or the colour of his skin.

Sure, we have a Trump Tower here in downtown Toronto which, if I recall correctly, has been dropping panes of glass for a couple of year, but it’s Donald Trump!  He’s rich, he’s owned parts of Vegas, and he’s been bankrupt before once or twice.  Heck, he’s the host of the Apprentice!

You’re fired!

While everyone was discounting his chance of winning, Trump kept zinging left, right and centre at anyone and everyone in his way.  Sure, there was talk of a wall between Mexico and the US (Mexico is paying for it!), or the talk of a wall between Canada and the US (can’t trust those friendly Canadians, eh?  Might want to come to the US because our health system sucks).  Trump made noise which resonated with more and more people for all the wrong reasons, and he was gaining momentum.

Attacks on US soil by Americans who may or may not have had ties to Islam prompted Trump to propose a ban on “Muslims” coming to the US, which morphed into a “loyalty” test for Muslims travelling to the US, or applying for citizenship.

Call it crazy, insane, stupid, or impossible but it got people talking Trump.  The bigots bought into it, while the tree huggers called him a fascist.  He was in the news for all the right reasons.

The campaign progressed and out came comments praising China, Russia, Putin, etc., and Trumps popularity grew as he became the unpolitician.  Everyone knew these countries were huge violators of human rights, but boy were their leaders ever popular!

Trump campaigned as being different than the rest.  He was going to make America great again, and save citizens from the same “politicking” that goes on day in and day out.

He said Hilary Clinton has Parkinsons disease and his legend grew along with his approval ratings.

He deflected negative talk, had answers for everything except for his policies, and he was great to watch for his entertainment value…

He WAS entertaining.

Now he’s not.

Trump is in deep trouble because someone left the closet door open and there are a LOT of skeletons in his closet!

He sexually assaults women.

And he’s okay with it.

No, he brags about it.

He bragged about grabbing a woman by the “pussy” and kissing them if he feels like it.

He’s gross, vile, and a criminal who just admitted to sexually assaulting woman.

“Just locker room talk” he said.

Rob Ford said he wasn’t addicted to crack cocaine.

If that isn’t enough reason to not vote for him, I don’t know what it.

Say what you will about Trump now… It really doesn’t matter.  He’s tainted himself and the American public.  If he gets elected, he’s the US President who grabs woman by the crotch.  If he wins, the American people voted in a leader with extremely poor ethics.

While voting for him doesn’t mean that you’re condoning sexual assault in the same way that supporting the Conservative party here in Canada doesn’t make you anti-abortion, pro-guns and anti-immigration, it does mean a man who admits to sexually assaulting women becomes the US President over a woman and that just seems wrong.

As a parent, of a girl and boys, do we really need to send the message to our youth that even if you sexually assault, or admit to / brag about sexual assault, it’s all okay and you can be anything you want.  I don’t think so!

Sideshow aside, Ronald Reagan was US President, and if Bobo can go to college, anything is possible…

 

Will the Liberal Budget increase Capital Gains tax from 50% to 66.67% or 75%?


In the days before the Federal budget is revealed, rumours continue to swirl that the Liberals are going to raise taxes in a roundabout way, by reducing the tax break Canadians receive from capital gains.

In the 2007 Federal budget, the Conservatives increased the lifetime capital gains exemption 50% to $750,000, which means that the first $750,000 of the sale price of each shareholders company “Shares” will have a capital gain which is exempt from all income taxes.  The rate has changed over the years, so its’ not without reason to believe it might change again, especially in light of the money the Liberals promised to spend.

Currently, under the Income Tax Act, 50% of capital gains, on everything from property to stocks and mutual funds, are taxed.  The effective tax rate is therefore half of the marginal tax rate.  In some provinces, the current capital gains rate means tax of more than 25% on investments for high income investors.

Speculation is that the Liberals might move that taxable amount to 2/3’rds or 75% while they pay for all their election promises, and then eventually returning that to 50% near election time to encourage voter support.

With capital gains being taxed less heavily than dividends, there is little incentive for business owners to take cash out of their business and pay the taxes via dividends when they can just sell the company, pay the capital gain, and then start again.

The Liberals want to be more friendly to small business owners and the middle class, it will be interesting to see if they change this rate in the budget since they did not mention this in their election campaign.

A change of this magnitude might trigger an asset sale, or cool the real estate market for people who buy assets, then flip them within a short-term period of time, realizing a gain on the sale.

 

Liberal Majority Government! Stephen Harper Resigns. I Hope the Tax Increase Was Worth It!


Well, Justin Trudeau and the Liberal Party of Canada are forming the next government of Canada – a Majority government, no less.

I cannot help but feel deep down inside that there was so much hatred directed at the Prime Minister and that people voted to remove him from office and chose the Liberals over the NDP to do so.

Unfortunately, the electing of the Liberal Party also brings with massive debt and after the spending spree the Liberals intend to go on, the deficit is going to increase at a rapid rate, and as we all know, the Liberals need money to pay for their promises and that money comes from you and I, the taxpayers of Canada.

UGH.

I hope the desire to remove Harper is worth the headaches we’ll be suffering with Justin in command, and I’m not just talking about their out-of-control spending.

Here are some great Justin oops which hopefully will not be occurring as leader of the country;

Unlike Ontario Premier Kathleen Wynne who has made MANY mistakes but covered them up with flat denial, avoidance and threats of lawsuits, Justin Trudeau has not appeared to understand the importance of thinking before he speaks.

During the controversy surrounding Bill C-51 – a bill where by the Canadian Security and Intelligence Service (CSIS), and 17 other government agencies are granted the authority to combat threats to Canada’s national security, preferably without infringing on Canadians’ Charter of Rights and Freedoms, the Liberal leader who voted for the Bill, has now admitted that his support for the Conservatives Bill might have been a mistake…

During the Maclean’s Magazine leaders debate, Trudeau responded to the conversation around the Liberals’ support of C-51, with these four words: “Perhaps it was naive.”

Here is how he voted on the Bill;

https://openmedia.ca/blog/whos-our-side-heres-how-your-mps-voted-bill-c-51

To give Trudeau the benefit of doubt, it was a tough decision to make, I’m sure. I heard him stumble and bumble over the easy questions about which shampoo he uses and which Avenger was his favourite, so maybe this way just a difficult question for him to answer.

He does like to go (vote) with the crowd… He knows legalizing pot is popular with the kiddies.  Personally, I believe pot should be legalized and taxed because the government can use the revenue to counter the health care costs associated with medical issues stemming from drug use.  Heck, they should legalize it and then increase EI funding and the length of time EI benefits are in effect to accommodate all the happy people…

He knows taxing the “rich” or the “1%” is popular with the other 99% of Canadians, and he knows that increasing spending to get stuff done is super-popular.  What he will soon realize is that whatever tax increase he throws towards the “1%” is not going to be enough to offset their massive spending increase which is coming down the pipe.

Oh, and the 1%… Who are these awful rich people who get all the tax breaks according to Trudeau?!? In Canada the highest Federal tax paid is 29% for those making over $138K per year. Add that to the provincial rate, and in Ontario, for example, someone making over $138K can pay over 42% of their income in tax. (http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html). Are these the people he will be targeting? Or, is Justin going after the REALLY rich people who based on very basic mathematics make the most money, but also pay the most back in taxes!

Trudeau hates small businesses, and this should become very evident in the Liberals first budget.  Trudeau believes small business owners create businesses as a vehicle to hide their massive incomes.  Doesn’t every 1%’er want to have to deal with the Canada Revenue Agency on a daily basis, be responsible for the income of their employees and paying taxes to keep the economy ticking so the Liberals can come in to power, increase taxes and call them frauds… Don’t think so.  I predict he’ll stop the small business tax decrease that the Conservatives brought in.  Even though the Liberals and the NDP have agreed to keep it, if elected, it’s a certain no go in my opinion.

I believe in discussing facts, so I went to the Liberal Party of Canada’s website, to the link for “My platform”, to make sure I presented his promises in a fair and reasonable manner. Unfortunately, because I was unwilling to click that I would be / or might be voting for Justin, I was not able to get in to the secret Liberals playground. Instead, I had the option to use a search option to add what I want from the Liberal Party.

I entered this; “Fiscal responsibility, Responsible spending, Respectful spending, Respect for Taxpayers money, Lower taxes, Do not raise taxes, accountability for words and actions.”

The search engine was not able to find a match for any of these items in the Liberal’s platform!

Oh my.

Deep down inside, I feel that the Liberals and their leader know that only in Ontario will citizens tolerate out of control spending and corruption by continuously voting in the same government which increased taxes, delisted services and has caused absolute chaos with teachers and soon doctors.

I believe there really is a left-wing media bias in Canada and sadly, I even predict that in their first (or second budget) the Liberals will even restore funding to the CBC, but not extend any funding to any other media outlets, especially to any who do not share their rosey view of the world.

When Trudeau said, “The budget will balance itself”, he believed it.

He also has very poor judgement. He accepted Conservative hand-off Eve Adams, who was being dropped by the Conservative party, and who then lost her nomination bid to Marco Mendicino. Where were the questions surrounding his judgement as has happened to Stephen Harper regarding his appointment of Mike Duffy and Pamela Wallin to the Senate.

Trudeau also publicly mistook Russia’s opposition leader Boris Nemtsov (who was shot dead in Russia) with former Russian Prime Minister Mikhail Kasyanov (whom he had met with), in a press release.

Or when he called a Conservative member a “Piece of Shit”, then went on a potty mouthed tirade where you can see that he actually enjoyed it without thinking for a moment about the implications down the road (http://operationmaple.ca/laugh-out-loud/justin-trudeau-swears-house-of-commons.html)

So much like his Dad…

Or, when being interviewed on Les francs-tireurs, Trudeau said, “Canada isn’t doing well right now because it’s Albertans who control our community and socio-democratic agenda.”

He also said Canada would be better served if there were more Quebecers than Albertans in charge.

Trudeau did apologize, and then tried to explain away his thoughtlessness by saying he didn’t hate Albertans but that his comments were directed the Prime Minister, Stephen Harper, who rose to power as an MP from Calgary, which he really thinks makes it all okay…

But he doesn’t just hate Alberta… He hates all of Canada, except Quebec. As a MP, Trudeau told Radio Canada; “I always say, if there came a point where I thought Canada really was Stephen Harper’s Canada … maybe I’d consider making Quebec a country. Oh yes. Absolutely. I know my values very well even if I no longer recognized Canada.”

(http://www.torontosun.com/2012/02/14/trudeau-says-hell-help-quebec-separate-if-harper-gets-his-way)

There is even a story – recently removed from the Internet – where Justin Trudeau declared that if aliens came from outer space, they would have the same rights as human beings, and would be granted Canadian citizenship…

Now I’m sure that the puppeteers pulling the strings of Trudeau are in full spin control, teaching Justin how to correct his oops and explain that clearly each and every comment has been taken out of context or manipulated by the evil Right-Wing media in Canada – wait, we don’t have that option so much anymore – then it must be Stephen Harper’s fault for forcing Justin to speak this way.

He’s young… ish.

He’s hip… ish.

He’s trying to keep up with the success of Ben Mulroney, but he’s just going to promise himself into a corner and ask every Canadian to Ben Dover.

On October 19th the Canadian public have made a choice, and I have a few words for voters in Canada… Caveat Emptor. Let the buyer beware!

I hope PM Trudeau v2.0 doesn’t embarrass the country, because after all the selfies have been taken, he still has to do the right thing.  Having former PM Stephane Dion as his Minister of Foreign Affairs is laughable and quite frankly frightening…

Time will tell.  Wait until his first budget and we’ll see how these predictions stand up!

Liberal Majority Government, Stephen Harper Resigns! I Hope the Tax Increases Are Worth It, Canadians!!


Well, Justin Trudeau and the Liberal Party of Canada are forming the next government of Canada – a Majority government, no less.

Stephen Harper has resigned as leader of the Conservative Party of Canada.

I cannot help but feel deep down inside that there was so much hatred directed at the Prime Minister and that people voted to remove him from office and chose the Liberals over the NDP to do so.

Unfortunately, the electing of the Liberal Party also brings with massive debt and after the spending spree the Liberals intend to go on, the deficit is going to increase at a rapid rate, and as we all know, the Liberals need money to pay for their promises and that money comes from you and I, the taxpayers of Canada.

UGH.

I hope the desire to remove Harper is worth the headaches we’ll be suffering with Justin in command, and I’m not just talking about their out-of-control spending.

Here are some great Justin oops which hopefully will not be occurring as leader of the country;

Unlike Ontario Premier Kathleen Wynne who has made MANY mistakes but covered them up with flat denial, avoidance and threats of lawsuits, Justin Trudeau has not appeared to understand the importance of thinking before he speaks.

During the controversy surrounding Bill C-51 – a bill where by the Canadian Security and Intelligence Service (CSIS), and 17 other government agencies are granted the authority to combat threats to Canada’s national security, preferably without infringing on Canadians’ Charter of Rights and Freedoms, the Liberal leader who voted for the Bill, has now admitted that his support for the Conservatives Bill might have been a mistake…

During the Maclean’s Magazine leaders debate, Trudeau responded to the conversation around the Liberals’ support of C-51, with these four words: “Perhaps it was naive.”

Here is how he voted on the Bill;

https://openmedia.ca/blog/whos-our-side-heres-how-your-mps-voted-bill-c-51

To give Trudeau the benefit of doubt, it was a tough decision to make, I’m sure. I heard him stumble and bumble over the easy questions about which shampoo he uses and which Avenger was his favourite, so maybe this way just a difficult question for him to answer.

He does like to go (vote) with the crowd… He He knows legalizing pot is popular with the kiddies.

He knows taxing the “rich” or the “1%” is popular with the other 99% of Canadians, and he knows that increasing spending to get stuff done is super-popular… It’s Christmas in October and that pony you have always wanted?!? Guess what? Justin’s getting you one. Just vote for him and tell your friends!

Oh, and the 1%… Who are these awful rich people who get all the tax breaks according to Trudeau?!? In Canada the highest Federal tax paid is 29% for those making over $138K per year. Add that to the provincial rate, and in Ontario, for example, someone making over $138K can pay over 42% of their income in tax. (http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html). Are these the people he will be targeting? Or, is Justin going after the REALLY rich people who based on very basic mathematics make the most money, but also pay the most back in taxes!

Trudeau believes small business owners create small businesses as a vehicle to hide their massive incomes. Doesn’t every 1%’er want to have to deal with the Canada Revenue Agency on a daily basis, be responsible for the income of their employees and paying taxes to keep the economy ticking so the Liberals can come in to power, increase taxes and call them frauds… Don’t think so.

I believe in discussing facts, so I went to the Liberal Party of Canada’s website, to the link for “My platform”, to make sure I presented his promises in a fair and reasonable manner. Unfortunately, because I was unwilling to click that I would be / or might be voting for Justin, I was not able to get in to the secret Liberals playground. Instead, I had the option to use a search option to add what I want from the Liberal Party.

I entered this; “Fiscal responsibility, Responsible spending, Respectful spending, Respect for Taxpayers money, Lower taxes, Do not raise taxes, accountability for words and actions.”

The search engine was not able to find a match for any of these items in the Liberal’s platform!

Oh my.

Deep down inside, I feel that the Liberals and their leader know that only in Ontario will citizens tolerate out of control spending and corruption by continuously voting in the same government which increased taxes, delisted services and has caused absolute chaos with teachers and soon doctors.

When Trudeau said, “The budget will balance itself”, he believed it.

He also has very poor judgement. He accepted Conservative hand-off Eve Adams, who was being dropped by the Conservative party, and who then lost her nomination bid to Marco Mendicino. Where was the questions surrounding his judgement as has happened to Stephen Harper regarding his appointment of Mike Duffy and Pamala Wallin to the Senate.

Trudeau also publicly mistook Russia’s opposition leader Boris Nemtsov (who was shot dead in Russia) with former Russian Prime Minister Mikhail Kasyanov (whom he had met with), in a press release.

Or when he called a Conservative member a “Piece of Shit”, then went on a potty mouthed tirade where you can see that he actually enjoyed it without thinking for a moment about the implications down the road (http://operationmaple.ca/laugh-out-loud/justin-trudeau-swears-house-of-commons.html)

So much like his Dad…

Or, when being interviewed on Les francs-tireurs, Trudeau said, “Canada isn’t doing well right now because it’s Albertans who control our community and socio-democratic agenda.”

He also said Canada would be better served if there were more Quebecers than Albertans in charge.

Trudeau did apologize, and then tried to explain away his thoughtlessness by saying he didn’t hate Albertans but that his comments were directed the Prime Minister, Stephen Harper, who rose to power as an MP from Calgary, which he really thinks makes it all okay…

But he doesn’t just hate Alberta… He hates all of Canada, except Quebec. As a MP, Trudeau told Radio Canada; “I always say, if there came a point where I thought Canada really was Stephen Harper’s Canada … maybe I’d consider making Quebec a country. Oh yes. Absolutely. I know my values very well even if I no longer recognized Canada.”

(http://www.torontosun.com/2012/02/14/trudeau-says-hell-help-quebec-separate-if-harper-gets-his-way)

There is even a story – recently removed from the Internet – where Justin Trudeau declared that if aliens came from outer space, they would have the same rights as human beings, and would be granted Canadian citizenship…

Now I’m sure that the puppeteers pulling the strings of Trudeau are in full spin control, teaching Justin how to correct his oopsys and explain that clearly each and every comment has been taken out of context or manipulated by the evil Right-Wing media in Canada – wait, we don’t have that option so much anymore – then it must be Stephen Harper’s fault for forcing Justin to speak this way.

He’s young… ish.

He’s hip… ish.

He’s trying to keep up with the success of Ben Mulroney, but he’s just going tp promise himself into a corner and ask every Canadian to Ben Dover.

On October 19th the Canadian public have made a choice, and I have a few words for voters in Canada… Cavete Emptor. Let the buyer beware!

(Geez, even Stephen Dion was elected!)