Kanada verliert Unternehmen schneller, als es neue gründen kann: CFIB sagt

Some quotes from the article

“Here in Canada, you pay heavy capital gains, and it’s difficult to find someone to take that business over.”

“What we’re seeing right now in Canada really should be seen as a warning sign for governments and policy makers.”

“Even if they’re trying to create an attractive business environment by lowering other taxes, they’re not allowing businesses to write off capital expenditures.”

„It also projects Canada to have the lowest real GDP per capita growth among its members through 2060, averaging only 0.78 per cent per year, which is less than half the expected U.S. rate.“

We’re part of a global economy, and unfortunately for the past few decades, nations have been in a race to the bottom to attract investment.

As long as you can take your capital to another country with less tax, each country will be competing to lower taxes and attract investors.

What we need is a single economic zone that spans the developed world. One set of rules and rates for how business is conducted and how taxes are applied. I can’t see any other way to kill the race to the bottom – which benefits very few.

If we tax them more surely new bussinesses will show up.

If that doesnt work maybe we can continue increasing the cost of living to ensure that T4 workers can’t save up to invest in opening their own business.

I’m sure if we all give the ndp a chance they can help with their expertise in understanding business activity 

Speaking as someone that has both sold a business and more recently bought a business.

One gigantic impediment are personal guarantees.

Despite having an OpCo own the business, despite having a HoldCo that owns shares of the OpCo, ultimately the business LOC and the Acquisition Loans are personally guaranteed by me.

Which means if anything happens with the business I’m wiped out personally. I’ll have hundreds of thousands of debt for the next 15 years.

You add into this the red tape and taxes and the risk of operating compared to the upside is laughable.

At least we have free Healthcare right? 💀

Business owners crying for guaranted profit in the age of the death of progress. Let’s not privatize profits and socialize losses because some people sitting on capital produced during the greatest M1 supply spike in history don’t want the music to stop.

Test

I mean… 80% of our population lives within like 2 hours of the American border.
If I’m starting a business and I have the choice… Your going to set up in the country that pays the least amount of tax.

A good example. Say I work for an investment firm… We will make up a name… Say Brookfield. And I wanted to save tax money. I may move that business from Toronto to new York to save money. You know just as a random non specific example.

Businesses look to make money and one way they do that is by lowering expenses. And taxes are an expense.

Starting a business requires time and money all of which is being sucked up by insane housing and commercial real estate costs.

The housing run of the last 2 decades basically killed this country

-half of Canada was making so much money on their primary residence appreciation that they gradually slowly stopped caring about their jobs

-Why start a business? Why try and kick ass at my job and maybe get a promotion later? My house appreciated 100k this year! Multiply this by millions of people… the country has lost its appetite for hard work and innovation

-governments realized they could make tons of money on development fees. Encouraging immigration and cheap labor fueled demand and their voter base didn’t care because they were in housing euphoria

-housing euphoria made everyone feel rich and morally good. Woke politics and hard left values were adopted effortlessly because everyone was feeling so great about themselves

-under investment in the resource sector for fear of making certain people feel bad. Euphoria means no one is allowed to feel bad

-increasing housing prices led to the most talented newcomers to the job market leaving for the US. The business market is simply not here to support them

At least the boomers with 3mm in their real estate portfolios are allowed to collect OAS

They definitely don’t make it easy to start up a business that’s for sure. You either need to be established already or have a chunk of change before they even look at you or your business idea.

makes sense because for every $1 coming into Canada, $2 are exiting the country.