Protect Yourselves

[newguy]

From what I understand the capital gains would be charged on houses that have not been owned a very long time before reselling.The longer you have owned the house the less capital gains you would have to pay.As far as farmland a sliding scale like that may not be a bad idea.If you have a long term farm no capital gains.But if you are flipping then there would be.

[blackpowder]

In some real estate classes, speculation has driven prices out of the affordability range of new entrants/owners....it is blatantly obvious in farmland.

I would rather see my farming neighbor get land I want than some speculating investor looking for somewhere to park excess money!

Favors the Hutts.
Rather them than the Chinese though.

[jazz]

From what I understand the capital gains would be charged on houses that have not been owned a very long time before reselling.The longer you have owned the house the less capital gains you would have to pay.As far as farmland a sliding scale like that may not be a bad idea.If you have a long term farm no capital gains.But if you are flipping then there would be.

Remember the GST and carbon taxes and PST. Soon as you slip a little percentage type tax on to something, its easy to raise it by increments over time. So its 5% for this govt, but then the next makes it 7% or increases the sales period to 10 yrs etc etc. Or you do a little trick like charge tax on tax. Then it should be expanded to farmland.

Tax payers are boiling frogs.

[blackpowder]

Don't be naive.
If it's talked about long enough it will happen. Think gun laws.
Or the wheat board. That took decades.
Or Quebec, or first 'nations'
Make no mistake, a lot of people are aware of the "money" farmers have.
I'm currently spending 5 digits trying to explain farm accounting to a family Court judge.

[tweety]

Why is my luck everyone else's?

If I knew what was going to happen to farmland prices I "woulda coulda shoulda" borrowed as much as possible and bought as much as I could have. Too late now, I think the party is pretty much over.

The following will be posted on Agriville Sept 2029.

If I knew what was going to happen to farmland prices I "woulda coulda shoulda" borrowed as much as possible and bought as much as I could have. Too late now, I think the party is pretty much over.

[farmaholic]

The following will be posted on Agriville Sept 2029.

If I knew what was going to happen to farmland prices I "woulda coulda shoulda" borrowed as much as possible and bought as much as I could have. Too late now, I think the party is pretty much over.

Not by me it won't....given the stage I'm at in my life.
Besides I believe to parabolic growth we saw in the last ten years will give way to a way more modest inflation driven growth, and maybe even a slight correction down.

But who knows?

[sumdumguy]

If the 1990’s repeat there was nothing you could grow to make a profit for many years. Hence, land we bought for $750/acre was worth $375 and land bought in 1981 at $1500 was worth same. The current land bubble was inflated by foreigners, ethanol, and low interest rates. What does the crystal ball say about the future of agriculture? Who will pull the strings? Who knows?

[6V53]

Why is my luck everyone else's?

If I knew what was going to happen to farmland prices I "woulda coulda shoulda" borrowed as much as possible and bought as much as I could have. Too late now, I think the party is pretty much over.

Your farm land has not gone up in value. A pickup truck is $100000.00 and a combine is $ 10000000.00 . The dollar went down.

[jazz]

But who knows?

There is a disconnect in the grain markets. Shortages are being covered up right now. When you get desperate texts from the grain companies something is up.

[dmlfarmer]

Did you know Harper tried to make certain special groups financially accountable ? Yet the instant JT got in he turfed that , Along with many other things that would have made this a better country today ? Or you don’t want to hear about that ?

Every new government makes changes to laws passed by previous governments. I bet you agree with Harper getting rid of the long gun registry, the CWB, even the long form census - all instituted by previous governments. That is why informed voters should know what the platform of parties are before voting, so they know what the party wants to do.

What we do not need is, and why I responded to Jazz, is when people like Jazz use social media to spread pure propaganda and miss information. To claim what he posed is Liberal policy is pure BS. Yet there are uniformed people who will read what Jazz wrote and actually believe it. IMHO most Canadians could not tell you where to even find the platform of the party they are going to vote for, much less read it.