Interesting summary of what each party would do for a few major categories:
https://www.moneysense.ca/columns/ask-a-planner/where-the-federal-parties-stand-on-personal-finance-promises/
Wow, thanks for posting this - all sorts of things for us to talk about.
And of course, our own Rob Carrick (we have adopted him after CM*TO, right?) points out the topic for seniors they are all ignoring:
https://www.theglobeandmail.com/investing/personal-finance/retirement/article-women-the-main-victims-of-tax-discrimination-against-solo-seniors-a/I'm not hit with the changes in pension sharing because I already did all the pension splitting when we divorced. But it is definitely more expensive to live alone. Ex kept the fancy house, and he can afford it because he has a new SO contributing. And a friend of mine really saw the difference when her husband died.
I like a lot of NDP platform proposals, but having moved from a farming area I am shaking my head at
this one:
The New Democrats have proposed a “super-wealth tax” affecting Canadians whose wealth totals more than $20 million. Each year, these taxpayers would owe 1% of the total value of their assets, including real estate, investments, and even cars and jewellery.
And they want to make it easier to pass along a family business to the next generation by ending the “unfair tax treatment” of family transfers.When you look at land values and cost of equipment, I would guess a good sized farm could easily exceed $20 million in total assets. Surely a big wheat/canola farm on the prairies would be well over this.
Plus this just strikes me as another make-work job for accountants, figuring out how to protect assets. Or an encouragement to move assets offshore.
Moving on, have the Conservatives actually talked with the Quebec government about
They would amalgamate federal and provincial tax returns in Quebec, so Quebec residents can file a single tax return. To me that just hands votes to other parties,
maitres chez nous and all that gets massively stepped on. Plus is it really a good idea to extend mortgage amortization periods to 30 years (NDP too for this proposal)? I bought my first house when interest rates were at 7-9% and heading up, and 25 years was the cap. If people can only buy a house at present day rates if they have a 30 year amortization rate, should they be buying a house at all? And should public policy be encouraging them?
Those are just my first reactions.
Others?
