Author Topic: The Wreck of BC  (Read 9925 times)

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Offline msj

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Re: The Wreck of BC
« Reply #30 on: February 23, 2018, 02:05:33 pm »
Provincial tax is a percentage of federal tax so it would be easy to figure out how much federal tax was paid. I was referring to the actual return details. BC for instance would not be entitled to the tax information of an Ontario resident buying property in BC.

BC has been assessing its own tax rates on taxable income since at 2000. 

But BC gets the CRA to administer/collect it for them so it has to accept the federal definition of taxable income.

This last point is very important because Andrew Weaver was making idiotic statements (doesn't he always?) about taxing lifetime capital gains on principal residences above $750,000.

"Well, fine Mr. Weaver, but that means you will have to break the BC/CRA tax administration agreement so do you have anything to say about the impact of that"  said no journalist ever because journalists are as dumb as our F'ing politicians.



I've gotta have more cow bell! -Bruce Dickinson
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