In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

This country already has a horrific productivity and now there will be even less investment, which means lower productivity and lower standards of living in our future. What an awful government!

As a business owner. Im looking at selling and moving my business.

It's basically an NDP government, did you really expect it to be pro-business?

Plan your personal exit strategy ASAP.

My kids will finish university and i am out of here. Its amateur hour with this Government that is learning on the job. Its heart breaking to hear the government speak with no empathy about what Canadians want. There is no future for thr youth in this country. Its freaking sad.

Look to Argentina to see what's happening to Canada.

How do we get rid of Trudeau already? Canada is crumbling...

their budget has added another $40 billion to our national debt... our annual cost to service the interest on our $1.2 trillion dollar debt is $54 billion!

My god! This government is going full crazy !

How soon can we do a NON CONFIDENCE VOTE??

If Justin Trudeau was one of your employees you would have fired him years ago! And if you worked for a company that had somebody like Justin Trudeau as a boss you would have resigned with a year!

Canada is on its last legs.

Getting my investments out of Canada

Saying this tax only impact 0.12% of Canadians, is like suggesting a tax on marriage and say "only 1% of Canadians get married each year". Obviously number of people doing something in a given year, is a small fraction of number of people that'll do it eventually. Now people will be much more hesitant to make investments if they will be hit with a bigger tax bill

Less productivity. More taxes. Bigger deficits. How could this possibly end well? Who would want to invest in Canada or start a business?

Get ready for a 50 cent dollar

How about going after the people that have No interest in working.

It seems counter-intuitive for a govt that is committed to bringing in over half a million migrants every year, to be taking steps that drive up interest rates & prompts existing investors to move their capital elsewhere

Non confidence emergency vote is needed. This country is becoming more socialist by the month.

There won't even be enough to fund their pensions

Message is clear, the business will not tolerate this. Back off or else.

It’s not just foreign investors. The capital gains increases hit lower amounts that could easily hit small businesses that are selling after years of growing. Owner managers who go decades without vacation will get slapped with higher taxes when selling for no bloody reason other than this government can’t stop itself from spending. It’s disgusting.

Nice hair and legal weed. That's what Canadians wanted, that's what they got. Congratulations

A two million dollar business isnt going to have many jobs

Justin Trudeau and his cronies have got to go!

Poilievre will have to make dramatic cuts to government taxes and services when he's elected. Retirement age will have to be hiked to 70! if Canada will ever recover from this Trudeau disaster..

Reminder that Capital gains tax inclusion used to be 75% back in 2000s. The 50% capital gains party wasn't gonna last forever.

I don't feel the arguments here. Venture capitalists live on much much larger returns than what capital gain tax can make a dink on. Only the Canadian startups that have easy access to U.S. market have good chance of getting funded that way, that's why the 8-35 investment ratio gap. Most small businesses still have to fund themselves through loans, don't they? And I can tell you straight that for the small business owners that I know, housing and labour costs are still their biggest expenditures.

Canada is cooked.

A person can work their whole life to pay for a cottage and now they have to pay more a whack of tax on its sale, that is disgraceful.

All this proposed change does is make interest and dividends more valuable. It increases the value of cash flow relative to cashing out. It might well calm asset price inflation and encourage investors to put money into assets that produce income (ie. productivity enhancing assets and bonds) rather than assets that inflate constantly based on speculation. It's an excellent idea, but 2/3rds may not be enough of a tax increase to bring capital gains taxes sufficiently into line with taxes on other income.

Alberta will weather the storm, we always do.

Businesses will abandon ship that means less taxation

I filed my taxes and it the capital gains tax already was going take a additional 100$ for filing. Cause I dare invest in this country. It increasing is really making me question if it worth it

Does the new capital gains threshold exemption include generational transfer of farms?

Both guests are bashing the government policy and it's left to the reporter to prop up the policy's of the government.....sounds like propaganda that not guests or any other canadian wants to hear.

This will also affect many to-be-retireees who plan to sell their second home. This is not really about the top wealthiest

interest rates are going higher. Macklem is not putting the genie back in the bottle. He is loose. Canadians are still spending.

This has never worked for Canada and pushed innovation and companies out of Canada. Rich and wealthy are dirty words in Canada. Smh BoC kept the overnight rate at 5% and was hoping to see a softening of inflation and didn't, CPI up m/m and y/y, rates won't change drastically and Canada has to get used to more historically consistent rates, ultra low rates were also a reactionary rate to drive growth.

The new capital gains tax hike won’t work as claimed, but will harm the economy as the economic costs exceed the amount of tax collected! Capital gains taxes are not paid exclusively, or even largely by ultra-high-income earners. Rather, Canadians with much lower levels of income, including many entrepreneurs and small business owners cashing out after a lifetime of work pay the majority of capital gains taxes in Canada. Therefore, any increase to the capital gains tax will affect Canadians across a variety of income levels, not simply the rich, as is claimed by Trudeau/Freeland.

I retired early as I was sick of paying taxes to this government.

Big Business doesn't pay anywhere near their fair share of taxes because of a myriad of loopholes in the system that need to be closed yesterday. The Canadian government has always been addicted to taxation, so I'm kind of surprised that they didn't make this a priority years ago. In any event, forcing corporations to pay more tax will only serve to discourage new businesses from opening here, and may even compel others already here to leave for more tax-friendly jurisdictions. If the government could tame its out-of-control spending (and instead find efficiencies) there wouldn't be a need for such high levels of taxation that are destroying Canadians' standard of living. Of course, they prefer to take the easy/lazy way out and just stick it to us by raising taxes ever more. The cost of living in this country is BRUTAL as a result; it's disgusting. Why aren't the Liberals being called out by anyone for all of this profligate spending? There's ZERO accountability or transparency for how our tax dollars are being spent.

The higher tax on capital gains will definitely negatively impact housing, less individuals and companies investing in housing.

With increase in taxes, Why would a young entrepreneur want to start a business in Canada rather down south with less taxes ?

Nearly half that deficit would be covered by the 16 Billion in CERB that the CRA say they won't be able to recover. Freeland spent 2 billion on a company that doesn't exist and another quarter billion on the Arrivecan which I believe could of been developed for less than 6 figures.

Those guys were honest despite the interviewers inept attempt to spin the topic into "good news and optimism". She was not effective at this at all and was really defenceless against the truth.

Best way to counter this is to reduce small and medium business taxes to 3% right accross Canada.

How does this fix housing costs? Or wage? Or inflation?

The new programs shouldnonly be introduced to use surplus. Canada is goimg deeper in debt. The budget won't balance itself. They aren't even trying

Agenda 2030 eh

My son graduated college but nobody is hiring. The once great Ontario is crumbling.

We need less government, not more.

This isn't really the most offensive thing about this budget. It's not necessarily this fraction of the 1% that is responsible for the bulk of Canadian entrepreneurial energy.

Here's a question I invested my money in the penny stock that's very bullish so what happens if I make a couple million off capital gains and refuse to pay it you know I go on a run like Charlie Sheen and spend it all then quit my job and become homeless live with a friend and have no assets what would happen 10 million dollars worth of stocks I'm not giving the government 50% of it f that I'd rather spend it like Charlie Sheen and have fun and then just own nothing for the rest of my life and hell if I get to retire in a jail that's fine free food free bed to sleep. Don't tell me prison food is crap there are starving Africans that give their lives to have the Canadian ship prison food. So once again what would happen if I make 10 million on stocks and then I spend it all

Last minute was literally the nail on the head. Described the liberalnpd coalition government perfectly.

Tax on capital is crazy. Leads to less investment less wealth less jobs. Capital is like water it goes to the best location. Investing in canada is insane. Pick anywhere else.

ANYONE WITH A BRAIN WOULD GET OUT AND TAKE THEIR MONEY AND INVESTMENTS WITH THEM. VERY SAD

its time to care about low income "Canadians" , not "investers" and their representatives in the media.

Yikes. Less taxes less programs please.

Board rooms? Think about your pensions! This will be a disaster for pensions.

Prime Minister Trudeau has helped Companies and small businesses with$ 82 billion wage subsidy and $25 billion interest free loans and $40 billion cash flow needs... He shrinked the deficit by 84 %between 2020 and 2022.

Taxes have never been a factor for employment numbers in history. They say this every time a tax goes up. Higher capital gain also would put stock buy backs on a questionable road. Many companies make money through layoffs to buy back stock to pad the stock. Who makes money on the stock are the highest share holders the people doing the buy backs. Company hires stock goes down, people sell. The board buy stock, layoff worker. Stock soars. The board sells part of their stock. Repeat. Now if these people are going to get dinged in this process well they will be less willing to play this game. Less buy back = less layoff's = more stable employment environment= more economic stability.

Young and skilled Canadian should and need to leave Canada as soon as possible. It is ridiculous to have to live thru slavery in Canada, while spending 3 hrs every day on commute and more than half a year in cold.

Prime Minister Trudeau is winning. Canada has been the 1st best businesses environment since 2017 to 2023 and now. Canada has been the 2nd best country brand to invest.

Gosh...as Canadians, is there any reason for investing in Canada at all? Look if you're close to/at retirement, I guess it makes sense because of dividend play....but as someone younger, we're not getting any growth prospect at all before this budget was even tabled.

Canada needs to allow for more competition to increase productivity.

They have destroyed Canadian Economic Development,, Our ability to be energy self reliant, and our reputation on the world stage,,,, we will all suffer

The trouble is, the programs being put forward are bloat. They are not needed. School lunches? This is a waste of money. Yes some small percent of parents are too poor to feed their kids properly, but we already have programs to cover that. Pharma care.. i am actually for this. Allowing the government to do bulk purchases will bring down the cost of drugs. Like police and fire, some services are actually better in the hands of government than private enterprise.

They would have been better off raising GST on our already inflated consumer goods to 7% again.

Prime Minister Trudeau is winning. Canada has the lowest tax rate in the G7 countries in Covid-19 pandemic. Canada has the 5 budgetary surpluses since 2016. Canada has the AAA Credit rating 2023, only two countries have the AAA Credit rating 2023.

K shaped recovery, those with means do well in these times while the majority get left behind. I find it hard to shred a tear for the ones who benefit most from inflation of their assets.

If government created the environment where pension funds could make good returns on domestic investments, then I'm sure they would.

If they want pension funds to invest in canada, make canada look like a good investment. Forcing this is admiting failure in doing so.

They now want to gamble our CPP contributions on Canadian non existent businesses. What a joke. Bye bye CPP

there should be no "capital gains" tax...

The reason for the Capital Gains increase it to stop housing speculation.

Cut to the chase ... centralized government is inefficient and removes personel freedoms, as well as removing capital investment and growth.

More investors and businesses will move down south! This is a disaster!

Another day, another kick to canadians. I wish our govt would make thr hard choice and stop spending.

certain nations do not pay any taxes in Canada, and I believe it is a good time to change that.

Freeland defines words beyond inept and incompetent.

Lets all keep praying for an early election that brings about a fiscally conservative government that unburdens Canadians and invests in growing them. 📿

I shall be moving all my assets to Florida

Id be fine with these high taxes if the money would litterally go to the infrastructure of our cities and the people but it goes to ukrain and isreal as a charity. Canada has become 1 big charity organization that cares about all other misfortunes except the tent cities it currently holds. Tragic

It sounds awful for those that own secondary/rental /cottage properties. It was already bad when people die, now it sounds like they will get much more harshly taxed. I'm sure that many many Canadians has a family cottage or secondary property where the gain will be more than $250k after the death of the owner.

We are literally a second world country on our way down the global financial tubes. Dang!

The old saying YOU NEVER GO TO A POOR MAN TO GET A JOB is so true in so many ways . Other countries have tried and failed . C A McLean

Amber looks great in that blue.

Last one out turn the light off please.

"The social contract of this company is important..." Lol no 😂

It is not the job of the federal government to pay for housing. Justin himself said it. If Justin dropped taxes more houses would be built.

Still cant balance the book. Good job.

Raising cap gains tax can deflate our arguably overinflated stock market so we dont suffer a bust/ hard correction. Even with our cap gains tax being so low for the past 2 decades we havent kept pace with investment in the u.s.a. which is more competitive with rents and mortgages for businesses, has more money in its economy to be invested and a larger population of investors who can investest more efficiently in their own country as opposed to investing internationally and have to pay extra/international taxes/penaltues. If canada wants more business investment solving hiusing would attract more people with more ideas. Canada lacks in ip compared to other developed nations. Throwing subsidized money at the problem hasnt worked so far. Lets try something different Bring down housing prices which in turn brings more/better workers which increases hiring and raises productivity whuch increases investment (and not through subsidies in the for of tax reduction for the wealthy. Whuch cap gains tax disproportionately effects)

the audio seems off on this video...

Less tax = more tax revenue.

Oh lord

So what did this budget do about the price of food, jobs ? It did nothing about the majority of people that keep this country going. Oh you can turn in your tent you sleep in because they are building houses

Higher capitol gains tax is definitely an NDP plan to cap the means of wealth building for Canadians.

Moving to the UK this month. The UK isn’t as good as the US, but it’s still better than here!