Asked in an interview on CTV’s Question Period whether he thought the wealthy-targeting moves were enough, Singh said no.
The Liberals are taking a two-pronged and more aggressive approach than they campaigned on when it comes to forcing big chartered banks and major insurance companies to share their pandemic-generated wealth by increasing their corporate income taxes.A one-time 15 per cent tax will be imposed on taxable income above $1 billion that was earned by banking and life insurers’ groups in the 2021 tax year.
Economists and representatives from these major financial institutions have cautioned that while going after banks may be popular politically, the cost could get passed on to bank customers in the form of higher fees, unless the government moves to prohibit that.
Compared to average Canadians Jagmeet is a wealthy!
High earners and banks either find a loopholes have one put in by politicians under their influence or pass cost on to middle class So in reality the actual people liberal/NDP are hurting is us AGAIN
I can’t stand clowns and his freinds!!
Can we get the details as to why someone earning $400,000 only pays 15% tax ? I'm reluctant to believe this unless I see proof.
Oh just stop, its all BS!
theJagmeetSingh is a pond that sold out to the worst kind of people. Must be proud NDP liberalpuppet
I’m shocked that someone making over $400,000,00 a year only pays 15% tax. The middle class pay over double that and I think it’s time we have a class action law suit against the government!
The NDP have said that they want to see profitable oil companies and big-box stores also subjected to a corporate tax increase. It’s something Singh has said he’ll keep pushing for, opening up the potential for further measures aimed at the wealthiest Canadians to be added
Why Singh's polito-spouse won't look after his needs is beyond me.
In Jughead's world no one works, everything is free, no competition or reason to excel at anything, every student gets an A+ on exams no reason to study or learn, basically all equal invalids with no reason to exist? theJagmeetSingh
Time to tax church’s
Yes but lower interest rates for the rest of us!!
'NDP have said that they want to see profitable oil companies..subjected to corporate tax increase.' 'federal government dropped close to $18 billion in subsidies & other forms of financial support on the fossil fuel industry '
The old saying ‘NDP is just a Liberal in a hurry’ comes to mind followed by ‘Good things come to those who wait’. Or the ‘Don’t blow your wad at the first table’ Anybody else?
Nazi’s the two of them. Yet won’t address that massive immigration is what’s made the housing prices crazy! Stop immigration for 5yrs!
OK
Lmfao every government for decades has tried this and failed. They just pay accountants more to find better tax shelters. There is a solution no one wants to hear
How much tax does Singh pay
Middle class has been shrinking in Canada, tax shift is needed to fix this: '28 per cent of filers with gross income above $400,000 pay an average federal PIT [Personal Income Tax] rate of 15 per cent or less, which is less than some middle class Canadians pay'
It's a good partnership. Trudeau is probably grateful to do what he's really wanted to do deep down, instead of always pandering to moneyed lobbyists. Singh becomes his excuse to do so while Singh gains greater experience at leadership.
Canada's government loses between $10 billion and $15 billion annually 'due to corporate tax dodging using tax havens.' Prior to the Paradise Papers, it had estimated the losses at $5 billion to $8 billion annually.
I wish Singh had an original thought rather than always parroting the socialist playbook. Tax large companies and the costs are passed on to the consumer and/or impact the retirement savings of the average Canadian. In the meantime, Singh will be doing Tiktok deals for furniture.
Canadian companies failed to pay $11 billion in taxes owed, ( in 2014 alone) new CRA report reveals--
TAX THEM!! Then slap them with some 'capping regulation' of any increasing of service charges- Their costs of processing transactions wouldn't suddenly increase, just because EXCESS profits are taxed. They couldn't justify that.
Singh let see your tax return. Doing what your doing deflects from you. More you take from banks and big companies that just pass it on to us. We are already taxed to death because of your back door deals
There in power together now let’s see what happens or when he walks across the floor to join the liberals
Says the champagne socialist singh who wears $2000 suits, wears a Rolex and drives a bmw. What a joke this guy is
Great LPC/NDP fusion till 2025.
Seniors need the $20B in their pockets not allocated to useless Government programs
As socialists always do
ScottPiatkowski Tax the rich, close the loopholes.
the rich are allowing racists and bigots to speak for them. doesn't look good.
How about dealing with 25% of the Houses in Ontario that are being bought by people who don't need them. That is by foreigners and multi-house speculators. Solve the housing crisis by cooling the market, not by making it easier for younger people to buy houses at crazy prices.
LET THE PEOPLE HAVE A SAY IN THIS POLITICAL THEFT!
High earners already pay the vast majority of taxes in Canada - the Top 20% of earners carry 54.7% of all taxes in Canada. If you think Top 20% is 'rich', they're not - it starts around $85,000 for a family.
I think he should sweep his own doorstep before he starts on anybody else’s… He’s a very rich man, I hope he’s paying his fair share💵💵💵💵💰💰💰
X 2
Looks like all things are going to get even more expensive for the middle and lower classes
Singh has no say He has made his deal with the devil Any talk now is just for show He has betrayed all those that voted NDP They never voted liberal The price for NDP will be huge next election
I’ll believe it when I see it!!
Singh is worse than Trudeau
He keeps flapping his beak, thinking of himself as the defacto leader of Canada, when in fact he remains Trudy's bag boy and an otherwise totally inconsequential puppet. As long as his MPs keep pulling in $400k a year, they're only too happy to lick Trudy's boots on demand.
theJagmeetSingh 🖕🖕. 🤡
If only all the dummies out there would realize that whatever taxes are increased on to corporations, they just pass to the consumer. No corporation on the planet is in the business of taking less profits year over year, especially banks and insurance comps
In the final analysis any higher taxes on banks etc will result in the public, getting less interest on pensions and paying higher interest on loans
This guy is destroying our country
How about tax each other, see how it feels.
How is this guy still around? If the NDP wanted any chance of relevancy they’d boot this clown and go back to their roots. They’ve become the extreme party.
Just here for the angry conservative comments
Conservative Media promotes division between the left, while the Reich goose-steps all over our democracy. More faux-left-wing media at 11
DepartCan. Canada is lost.
Stop licking Trudeau boots. Budget does nothing meaningful for an average joe.
Liberals need to save bait for their hook in order to get to 2025.
Trudeau, we need mandatory vaccinations again...let's get Pfizer share price to all time highs and cash in!!! Everyone roll up your sleeves, JT and I are looking to retire in Hawaii!!
And all the big banks will do is pass the costs onto the average working people so unless the government stops the banks from passing on these taxes in one form or another weather it be admin fees or higher interest rates we will again be the ones paying
It's not as if they can just pack up and move their investments to more welcoming jurisdictions. Right?
How dare anyone be a high earner. Take all their money away and waste it!!!!!
Jegmeet needs to go lay down by his dish and be quiet!
Translation : Singh hates capitalism .
We already pay almost 50% and we are not at that mark, how much more should we pay? As someone who use to be a staunch liberal, now independent I would hate to be forced to vote conservative but it feels like that is the direction we are being forced to take.
We are living in v dangerous times with this NDP/Liberal tyranny regime. They are consolidating power & control and want to limit U in speech & thought. Bolshevism to some & fascism to others. It's ugly and it's worsening. Luckily, we can still win a big lottery and get out. 🍵
Right. Anyone can see theJagmeetSingh has ZERO chance of ever being elected to power, so he's trying to be an JustinTrudeau wannabe
WE WILL REMEMBER
Yeah on notice to leave Canada and work in America
he goes pokerooooooooooooooooooooooooo i see u
Singh going to be disappointed like the majority of Canada when Trudeaus f’s him over.
Anything you charge big business will only be passed on to the consumer. No business will absorb it they get it from those who cannot afford it and the piece of waste knows it.
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