tag:blogger.com,1999:blog-7141615629701321642.post4855764515067107001..comments2024-01-07T08:41:13.864-05:00Comments on C A I T I - O N L I N E: Merry Christmas Dalton McGrinchyBrent Fullardhttp://www.blogger.com/profile/08515599756822506137noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7141615629701321642.post-47694765921720860432007-12-27T11:25:00.000-05:002007-12-27T11:25:00.000-05:00Hocus-Pocus Harper and his corrupt, conniving CON ...Hocus-Pocus Harper and his corrupt, conniving CON party campaign in January, 2006 with a promise to leave income trusts alone and only months after getting elected devastate Canadians' savings with a fraudulent new income trust tax.<BR/><BR/>Two-Faced McGuinty and his obtuse, obsequious Ontario government participate in the IPO of Teranet Income Fund in June, 2006 and only months later send an income trust tax supporting letter to Flim-Flam Jim Flaherty.<BR/><BR/>Look up in the dictionary the word:<BR/>Hypocrite<BR/><BR/>And you'll find the definition and synonym:<BR/>PoliticianAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-75293418518893101972007-12-27T05:46:00.000-05:002007-12-27T05:46:00.000-05:00It`s time for us to get on the ball & stay united ...It`s time for us to get on the ball & stay united in our fight to rid this country of the so-called Conservative government.<BR/><BR/>The longer they stay in power , the less control all Canadians will have in determining their futures.<BR/><BR/>The income trust disaster was just the tip of the iceberg--things will get worse.<BR/><BR/>I for one do not want to become the US of the north.<BR/><BR/>So everyone stay focused--our goal is in sight.<BR/><BR/>Mary the golfer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-19020336965080356292007-12-27T01:49:00.000-05:002007-12-27T01:49:00.000-05:00Hey .. we are getting over a dozen comments on a p...Hey .. we are getting over a dozen comments on a posting .. this is good news!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-60741380845837295032007-12-26T17:03:00.000-05:002007-12-26T17:03:00.000-05:00Brent thanks so much for giving Income Trust taxat...Brent thanks so much for giving Income Trust taxation the visibility it deserves.<BR/><BR/>All the best in the Christmas season and in 2008!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-58845442485775396432007-12-26T09:39:00.000-05:002007-12-26T09:39:00.000-05:00Hey Dalton McGrinchy:Did you take math in High Sch...Hey Dalton McGrinchy:<BR/><BR/>Did you take math in High School?<BR/><BR/>Okay then, answer this.<BR/><BR/>If 37.7% of income trusts are held by Ontario taxpayers, and the income trust market has sustained an ongoing loss of $35 billion. What is the loss sustained by Ontario residents?<BR/><BR/>Correct $13,195,000,000<BR/><BR/>How much capital gain tax will the Ontario Government forego on these revenues?<BR/><BR/>Correct $1,055,600,000<BR/><BR/>Which is derived by taking the foregone gain and multiplying it by the capital gain tax rate of 24% to determine the lost capital gains taxes by Ottawa and Ontario, of which Ontario's share is roughly one third.<BR/><BR/>Now for our final skill testing question. Brian Lewis alleges that income trusts are costing Ontario the loss of $38 million per year. meanwhile Ontario tax payers have lost $13.2 billion. What rate of interest does that represent, if Ontario's lost taxes are expressed as a percent of Ontario taxpayers losses:<BR/><BR/>Correct: One quarter of one percent<BR/><BR/>Well done Ontario!! You have killed the golden goose for a return of one quarter od one percent. Sure sounds to me like a rounding error. If you tale into account the foregone capital gains, the number becomes a negative return.<BR/><BR/>Meanwhile you bozos at Queens Park are crating financial hardship for seniors and teh 70% of Ontario residents who are not members of OMERS and Teachers ans the Public Sector Pension Plan, who by teh way get a special carve out to own income trusts free of any taxes.<BR/><BR/>Is that how yiou dealt with your observation #3:<BR/><BR/>"The province as co-sponsor of a number of large Ontario public sector pension, could be subject to higher contributions if plan returns are lower due to a change in income trust policy "<BR/><BR/>You double dealt the people of Ontario by agreeing with Flaherty's brain dead tax on income trusts by virtue of the fact that you placed your funding obligations to fund these provincial pension funds AHEAD of the interests of average Ontarians.<BR/><BR/>Very pathetic indeed on your part.<BR/><BR/>Go back and redo your math, and take a lesson in ethics while you're at it,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-8348236836001213642007-12-26T09:28:00.000-05:002007-12-26T09:28:00.000-05:00The Cons blatantly lied during the election campai...The Cons blatantly lied during the election campaign and every government in this country supported them. What are they teaching our children??? <BR/><BR/>To my knowledge only Ralph Klein is on record scolding them for breaching public trust.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-15247853833664492012007-12-26T04:45:00.000-05:002007-12-26T04:45:00.000-05:00What a bunch of boneheads!!!!Even if the tax leaka...What a bunch of boneheads!!!!<BR/><BR/>Even if the tax leakage figures were absolute , the amount of lost personal savings & the amount of lost future tax revenue makes this figure a freaking drop in the bucket.<BR/><BR/>This can lead to only two conclusions : either the Ontario government is completely inept or there is more to this story( a promise to transfer some other tax benefit maybe).<BR/><BR/>Any reasonable person can see that the benefits to Ontario of imposing this tax do not add up--so then why????<BR/><BR/>If these guys are that inept , then they are the wrong guys for the job.<BR/><BR/>If they did this because of some supposed benefit promised by the federal government & then hide the real reason under the tax leakage scenario , then they should be gone for breach of trust.<BR/><BR/>Why is it no one from the public sector has had any input into either the federal or provincial decision making on income trust policy??<BR/><BR/>We have lost total control of our governments--they seem to think they know best--that we are just a bunch idiots who cannot think on our own--that we have nothing of value to offer.<BR/><BR/>Seems that we are only good enough when it comes time to vote for them.<BR/><BR/>We will never have any answers unless we can call both levels of government into account--the only way we will have access to them is by way of a public inquiry or by some sort of legal challenge.<BR/><BR/>These will be two of our goals in the new year.<BR/><BR/>Maybe by enlightening the people in this country by such pubic exposure some control of the situation may be regained by those in this country who really count--you & me.<BR/><BR/>To anonymous who said "shame on you" , all I can say is democracy can never take a holiday--we have seen what can happen if we give these guys carte blanche--this cannot be left to continue unchecked.<BR/><BR/>If I have to take time out from my holiday dusting , then that is a small price to pay.<BR/><BR/>Anonymous--get a life!!!!<BR/><BR/>Dr mike from RodneyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-1742406876446486672007-12-26T01:05:00.000-05:002007-12-26T01:05:00.000-05:00Brent,What a tremendous Christmas gift! For those ...Brent,<BR/>What a tremendous Christmas gift! For those of us who believe in truth, democracy and fact-based tax policy, your FOIP is a great gift.<BR/><BR/>I hope you post those documents here. As you well know, there are questions.<BR/><BR/>Brian Lewis has 'documented' an alleged tax leakage. Did Brian Lewis document the facts of Ontario's tax gains from energy trusts and foreign investors? Does Brian Lewis know how to spell "what goes around comes around"?<BR/><BR/>Flaherty estimated energy trust distributions at $6 billion. Queen's Park share is about $300 million. Did Brian Lewis say anything about these tax gains from the energy trusts in Alberta?<BR/><BR/>Ontario does lose, so to speak, some tax revenue because provincial governments do not have mechanisms for imposing tax on foreign investors. Surely your heart bleeds for poor Ontario, no?<BR/><BR/>Save your blood for the Canadian Red Cross. In 2004, Ontario citizens earned $2.5 billion in foreign source income, which was worth $375 million to the ON government.<BR/><BR/>What’s Ontario trying to do? Shoot a gift horse in the mouth? By slapping a 31.5% tax on income trusts held by U.S. investors, Canada and Ontario risk retaliation from the U.S.<BR/><BR/>I sure hope the Ontario provincial Green Party calls for an investigation into Greg Sorbara’s approval of the Flaherty tax. Ontario has put $600 million in tax revenue from Alberta and the U.S. at immanent or retaliation risk.<BR/><BR/>Let Freedom of Information ring out! Let truth prevail!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-49253907747961109012007-12-25T16:40:00.001-05:002007-12-25T16:40:00.001-05:00Shame on the Ontario government for not doing thei...Shame on the Ontario government for not doing their homework on an income trust policy that has caused so much damage to Canada and Canadians. CAITI just tells it like it is as they receive facts. If you don't like facts on Christmas, turn off your computer! Or do you just not like the truth anytime?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-19076851101454504302007-12-25T16:40:00.000-05:002007-12-25T16:40:00.000-05:00Shame on the Ontario government for not doing thei...Shame on the Ontario government for not doing their homework on an income trust policy that has caused so much damage to Canada and Canadians. CAITI just tells it like it is as they receive facts. If you don't like facts on Christmas, turn off your computer! Or do you just not like the truth anytime?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-78951450293531744362007-12-25T16:39:00.000-05:002007-12-25T16:39:00.000-05:00Shame on the Ontario government for not doing thei...Shame on the Ontario government for not doing their homework on an income trust policy that has caused so much damage to Canada and Canadians. CAITI just tells it like it is as they receive facts. If you don't like facts on Christmas, turn off your computer! Or do you just not like the truth anytime?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-69660558563425391482007-12-25T14:25:00.000-05:002007-12-25T14:25:00.000-05:00Truth can never take a holliday!Truth can never take a holliday!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-14873033813471386722007-12-25T14:23:00.000-05:002007-12-25T14:23:00.000-05:00This is a reposting of the deleted comment to corr...This is a reposting of the deleted comment to correct an error<BR/><BR/><BR/>Anonymous said:<BR/><BR/>"I know you have a cause and are on a mission, but can't you leave it for a couple of days so people can enjoy Christmas without politics, etc.?<BR/><BR/>Shame on you."<BR/><BR/>Sorry your point is invalid. Don't need your words of discouragement. If you feel so strongly about it, then why are you surfing the web on Christmas and visiting "political" blogs?<BR/><BR/>Not my fault that the info from the Freedom of Info was delivered yesterday and read by me today.<BR/><BR/>Come to think of it....Feedom and Joy to you and to all who celebrate Christmas.<BR/><BR/>PS: What other religious holidays and religious faiths do you recommend we shut dowm in observance for, or is your concern only centered on Christmas?<BR/><BR/>Brent FullardFilliblusterhttps://www.blogger.com/profile/06563618107971013947noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-45902432213133055992007-12-25T14:20:00.000-05:002007-12-25T14:20:00.000-05:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-86764543577012557612007-12-25T13:56:00.000-05:002007-12-25T13:56:00.000-05:00I know you have a cause and are on a mission, but ...I know you have a cause and are on a mission, but can't you leave it for a couple of days so people can enjoy Christmas without politics, etc.?<BR/><BR/>Shame on you.Anonymousnoreply@blogger.com