Capital Gains

[grassfarmer]

Technically if you plan on putting in a crop next year or are just going through the process of farming, you are in a default long position, if you are not selling the minute the seed is planted you are "speculating" the price will go up. Yes it's impossible to know exactly what volume will be produced but you are wagering on a price increase on what you will produce. We speculate in everything by default, it's not wrong but i would be very careful being critical of the term. Unsold grain in the bin or holding over and breeding heifers is speculating. Heck, not pre buying your fertilizer is betting against the odds the seasonal will kick in and price will go up. It's everywhere and impossible to be neutral all the time. We only exit the long position when we sell. There's too many aspects in ag to even go there. If you gain a buck bushel binning grain 6 months is govt entitled to a portion even though you carry the risk of spoilage? Or death loss in livestock? Speculation is everywhere, we just don't recognize it for what it is.

Wrong definition of speculation in this context. It's this one "Speculation - the forming of a theory or conjecture without firm evidence"

[macdon02]

Wrong definition of speculation in this context. It's this one "Speculation - the forming of a theory or conjecture without firm evidence"

Im not selling "cuz it's got to go up" lol

[chuckChuck]

Neither party seems to have the guts to rein in offshore tax avoidance or outright fraud. Its easier to go after the little targets who can't get away.

[SASKFARMER]

Next three big targets to get cash to fund skippy and the SS minnow.

1. Capital Gains.
2. Death Tax.
3. Your Home.

Stupid people will wake up once it's too late.

Sad really.

[chuckChuck]

How will Trump and the USA tax your second home in Florida once you sell or leave it to the next generation? Don't they have a large estate tax?

[Templeboy]

Its the same as gun control, (I'm not a gun guy) it is so easy to pick the low hanging fruit.

Pretty easy to take guns away from law abiding citizens, harder to take them from gang bangers and criminal elements when they have far more need and intent to use.

CG's will be taken away by this liberal government on everything but a dwelling just wait and see. They are going to make the 90%ers pay their fair share (event though they pay almost all the tax now.)
There is going to be a push to cripple AB and SK, a lot easier to chase someone down who is already injured and on crutches and make them an example. Libs started all out class warfare last election, every one but the inner circle will be caught in their Taxing web.

[SASKFARMER]

Chuck your so smart as you worship the sun and hope for the days of the CWB to come back.

Basically, who cares if I get my 35 years down south like my father and father-in-law. I give it away really don't care.

[ajl]

We need to keep in mind that the primary source of these capital gains is manufactured inflation that stole them from people's savings in the first place. Now that we are in a deflationary macro cycle, government can't steal at the front end so will have to steal at the back end. If interest rate setting was done by the market instead of the central bank, then these capital gains would not have existed in the first place.

[chuckChuck]

That doesn't seem to be your attitude in Canada!

Its okay for the US to tax but not okay for revenue canada to tax wealth?

All this bitchin about canada but the US has an aggressive tax system as well! And they are going after non residents in canada as well.

[SASKFARMER]

Oh chucks in your ndp world all wealth is bad. Listen for one minute. If I live down south for 35 years in my home I don’t care if they get it. But also in the state of Florida all investment is non taxable if your American. Any Canadian shithole have that. Trudeau will need money and need it soon