Author Topic: Government Day-to-Day  (Read 54180 times)

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Offline Queefer Sutherland

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Re: Government Day-to-Day
« Reply #1470 on: December 19, 2020, 06:36:14 pm »
We will only know if the government makes the information public. The idea of CEWS wasn't to make companies profitable, it was to allow them to keep their employees without going broke.

After taxes are filed with CRA next spring, a bunch of money could be taken back from companies who didn't need it.  I have no idea what the formula is for these programs.  Sooner or later a lot of this stuff is going to come out.

I get the need to rush the programs, so it's understandable that for at least the first 2-3 people will get things they don't deserve no matter what was done.  But a few months is enough time to realize major errors and figure something out a bit more nuanced.  It's not enough time to develop and implement a complex program but it's enough to develop something that's better than something rushed out ASAP.
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Offline wilber

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Re: Government Day-to-Day
« Reply #1471 on: December 21, 2020, 09:05:05 am »
After taxes are filed with CRA next spring, a bunch of money could be taken back from companies who didn't need it.  I have no idea what the formula is for these programs.  Sooner or later a lot of this stuff is going to come out.

I get the need to rush the programs, so it's understandable that for at least the first 2-3 people will get things they don't deserve no matter what was done.  But a few months is enough time to realize major errors and figure something out a bit more nuanced.  It's not enough time to develop and implement a complex program but it's enough to develop something that's better than something rushed out ASAP.

But if the program didn’t prohibit companies from using these funds to pad their bottom lines, the CRA will do nothing, so how would we know this is even happening? This information didn’t come from government sources, maybe it was leaked by a member who didn’t like what was happening. No government will be keen on releasing data that makes it look bad if it doesn’t have to. It will put it off for as long as it can, preferably after the next election if at all.
« Last Edit: December 21, 2020, 11:00:41 am by wilber »
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Offline JMT

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Re: Government Day-to-Day
« Reply #1472 on: December 22, 2020, 07:14:06 pm »
Like I said, they were busy and there was legal muck to go through:

https://apps.cra-arc.gc.ca/ebci/hacc/cews/srch/pub/dsplyBscSrch?request_locale=en

Currently, you can only see if a company got money, but not how much, because that's not necessarily legal atm.

https://www.cbc.ca/news/politics/federal-government-searchable-database-subsidy-1.5852424
« Last Edit: December 22, 2020, 07:16:43 pm by JMT »

guest78

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Re: Government Day-to-Day
« Reply #1473 on: December 23, 2020, 12:49:33 pm »
More fallout from Trudeau's ill-conceived bailout plan.

Chinese state-owned companies among recipients of Canada Emergency Wage Subsidy

Air China, a subsidiary of the state-owned China National Aviation Holdings, received wage subsidies. Air China experienced a substantial revenue drop in the first half of 2020, making them eligible for the CEWS. Air China also collaborates with Huawei. Another Chinese state-owned airline, China Southern Airlines, received subsidies under the program.

Another major company which received subsidies under the program is a Toronto branch of the Bank of China. The Bank of China has a long history of scandal, including being accused of funneling cash from countries such as Iran and Syria to terrorist organizations such as Hamas and Palestinian Islamic Jihad, both of which are recognized as terrorist organizations by the Canadian government.

https://thepostmillennial.com/state-owned-chinese-companies-among-recipients-of-canada-emergency-wage-subsidy

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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #1474 on: December 23, 2020, 03:37:22 pm »
More fallout from Trudeau's ill-conceived bailout plan.

Chinese state-owned companies among recipients of Canada Emergency Wage Subsidy

Air China, a subsidiary of the state-owned China National Aviation Holdings, received wage subsidies. Air China experienced a substantial revenue drop in the first half of 2020, making them eligible for the CEWS. Air China also collaborates with Huawei. Another Chinese state-owned airline, China Southern Airlines, received subsidies under the program.

Another major company which received subsidies under the program is a Toronto branch of the Bank of China. The Bank of China has a long history of scandal, including being accused of funneling cash from countries such as Iran and Syria to terrorist organizations such as Hamas and Palestinian Islamic Jihad, both of which are recognized as terrorist organizations by the Canadian government.

https://thepostmillennial.com/state-owned-chinese-companies-among-recipients-of-canada-emergency-wage-subsidy

Do you think American, German, South African-owned companies working in Canada should receive it? 
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guest78

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Re: Government Day-to-Day
« Reply #1475 on: December 23, 2020, 03:47:33 pm »
Do you think American, German, South African-owned companies working in Canada should receive it?
Which companies are owned by those governments that are working in Canada?

Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #1476 on: December 23, 2020, 03:50:17 pm »
Which companies are owned by those governments that are working in Canada?

So you have issues with state-ownership, not with a foreign company receiving the subsidy? 
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guest78

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Re: Government Day-to-Day
« Reply #1477 on: December 23, 2020, 03:55:42 pm »
So you have issues with state-ownership, not with a foreign company receiving the subsidy?
Yes.  State owned vs private company are very different.  I don’t think we should be giving Canadian tax dollars to the Chinese government.  Especially after what they’ve caused. 
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #1478 on: December 23, 2020, 04:02:07 pm »
Yes.  State owned vs private company are very different.  I don’t think we should be giving Canadian tax dollars to the Chinese government.  Especially after what they’ve caused.

You think they made the virus in a lab?  And then unleashed it on their people?
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Offline Omni

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Re: Government Day-to-Day
« Reply #1479 on: December 23, 2020, 04:22:19 pm »
You think they made the virus in a lab?  And then unleashed it on their people?

It seems donny trump thinks something such so shady will probably buy in as well. :)

Offline wilber

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Re: Government Day-to-Day
« Reply #1480 on: December 23, 2020, 04:55:51 pm »
You think they made the virus in a lab?  And then unleashed it on their people?

I have a problem with giving Chinese companies anything, regardless of Covid. I'm damn sure no Canadian company operating in China would get a plugged nickel from the Chinese government.
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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #1481 on: December 23, 2020, 06:32:28 pm »
I have a problem with giving Chinese companies anything, regardless of Covid. I'm damn sure no Canadian company operating in China would get a plugged nickel from the Chinese government.

Should we allow them to operate at all in Canada?
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Offline wilber

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Re: Government Day-to-Day
« Reply #1482 on: December 23, 2020, 06:40:11 pm »
Should we allow them to operate at all in Canada?



Well, I was happy to see the sale of TMAC to Shandong Gold just got shot down by the feds.
« Last Edit: December 23, 2020, 07:19:27 pm by wilber »
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guest78

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Re: Government Day-to-Day
« Reply #1483 on: December 23, 2020, 06:41:17 pm »
You think they made the virus in a lab?  And then unleashed it on their people?
I have no idea.  But they certainly waited quite a while before saying anything.  A British study suggests that if they acted sooner and without secrecy much of the world would be in a very different place.  But now you want to reward them with Canadian tax money.  Absurd.

guest78

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Re: Government Day-to-Day
« Reply #1484 on: December 23, 2020, 06:43:48 pm »
Should we allow them to operate at all in Canada?
That isn’t the issue at hand.  Stop shifting the subject.  It’s about Canadian tax money going to the Chinese government.  It’s not enough that they’ve cost us trillions economically as well as tens of thousands of lives.  But hey!  Let’s give’em money too!  JFC what’s wrong with you people?