Author Topic: The Wreck of BC  (Read 4640 times)

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Online Omni

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Re: The Wreck of BC
« Reply #30 on: February 11, 2018, 03:47:37 pm »
The comparison is not wrong even if you dislike it. Please explain why the f-you approach that many in BC take towards Alberta is any different that the f-you approach that Trump takes towards the US trading partners? Don't bother trying to claim that the "environmental" reasons claimed are any less bogus that the "dumping" claims the the Trump administration loves. They aren't.

You also ignored the more important part: BC joined the confederation and has benefit immensely and that means it has a moral and legal obligation to reciprocate.

If BC refuses to honour the constitution we will have a situation where the federal government will be forced to resort to extraordinary measures such as freezing all of the accounts of the government of BC. Many in BC may think they can shrug off bans on wine or loss of jet fuel shipments but these actions are just to make a point. The nuclear option exists and the sane people would look for a compromise that allows the pipeline to get built instead of pushing for a crisis where the nuclear option looks viable.

Yeah I don't think any bank accounts are going to be froze. But you are mostly correct that the federal government has the legal upper hand here, what it will boil down to is if they think it is worth spending the political capitol to use that upper hand.

Offline msj

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Re: The Wreck of BC
« Reply #31 on: February 11, 2018, 08:51:16 pm »
Too many people BC seem to admire Trump for his f-everyone else, screw your neighbors approach to diplomacy and a complete ignorance for facts or logic. Which is kind of ironic since most people in BC claim to despise the guy while they imitate him.

The core of this issue are the principles of confederation. BC joined the union and has benefit immensely and that means it has a moral and legal obligation to reciprocate. This means living with the risks that come with shipping goods from other provinces.

It is also ironic that all of oil/gas spills off the coast in the last few years have come from non-oil related shipping - something that accounts for >85% of the traffic in the port of Vancouver even when the pipeline expansion goes ahead.

This will get nasty before it ends. The federal government has a lot of power to force the BC government to comply.  The question is whether it will feel compeled to use it.

Weird that you use my post for your post.

I support the TMP.

I also support BC wine, AB beef, site c dam, solar and wind projects, natural gas plants and electric vehicles.

If such support eventually turns the oil sands upside down, well, that is something for those people to think about.

As for the feds having lots of power to use. Ok, fine, explain what power they can use and how this will effect future relations, impact future elections, etc because the fed Liberals make these calculations just like the fed CPC and NDP.

But then, it should be no surprise that the NDP governments from two provinces are going about in the mutual destruction of eachís economy: thatís what the NDP do. 
« Last Edit: February 11, 2018, 08:58:24 pm by msj »
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Offline TimG

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Re: The Wreck of BC
« Reply #32 on: February 11, 2018, 11:54:17 pm »
Weird that you use my post for your post.
Misunderstood your point.

As for the feds having lots of power to use. Ok, fine, explain what power they can use and how this will effect future relations, impact future elections, etc because the fed Liberals make these calculations just like the fed CPC and NDP.
Well, if BC breaking the constitution leads to Alberta doing the same they will really have no choice but to stand up for the constitution and demanding that everyone stop because that is the only position that can be logically sustained. More importantly, if BC is allowed to block pipelines then you will see resource investment in Canada plument to new lows as international investors look for some nice authoritarian regimes (the bribes may be costly but the projects can at least go ahead once they are paid).

In any case, the BC economy is largely based on real estate and completely dependent on outside money to keep the hamster wheel turning. If there is any sort housing bust BC will be begging the feds for help.


Offline msj

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Re: The Wreck of BC
« Reply #33 on: February 12, 2018, 12:12:15 pm »
Yes, if the money laundering flow from Asia dissipates and the locals notice increasing interest rates then BC is n for big time trouble.

Of course, then BC may have to raise the money lost from declining property transfer taxes with pipeline land lease costs, I suppose. 

Section 92 of the Constitution: Seems what the Constitution gives it can also take away. 

If only our politicians would behave themselves then we all could have nice things.

Instead, the poop show will continue at the loss of jobs and higher taxes.  Again, this is the way of NDP governments and the feds are not helping.

The wreck of BC has just begun and who woulda thunk that the corrupt BC Liberals were just the appetizers.



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Offline BC_cheque

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Re: The Wreck of BC
« Reply #34 on: February 20, 2018, 05:10:36 pm »
15% of $1 million dollars = $150,000. 

That is chump change only to foreign nationals who have lots of money to launder.

In which case, our government is complicit by accepting that money even if it is collected as a "tax." 

That is the problem with the tax: morally it is just the government cashing in on known money laundering. 

They know it, we know it, everyone knows it and yet it continues because it is profitable.


Your post here resonated with me when I read it and and I've been waiting anxiously to see what the budget would look like.  By increasing and expanding the foreign buyer tax to include Nanaimo, Victoria and Kelowna, it looks like the NDP is set to profit as much as possible from all that ails the province.

What a joke, I know Weaver was for banning foreign ownership, I wonder if this will create a rift between them.




Offline the_squid

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Re: The Wreck of BC
« Reply #35 on: February 22, 2018, 11:43:10 pm »
Good move by the BC govít to get a judicial review to say yay or nay to the question of jurisdiction.

Alberta claims a win.  Lol

http://www.cbc.ca/news/canada/british-columbia/wine-boycott-ends-1.4547754

Offline TimG

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Re: The Wreck of BC
« Reply #36 on: February 23, 2018, 06:37:37 am »
What a joke, I know Weaver was for banning foreign ownership, I wonder if this will create a rift between them.
Banning foreign ownership is pointless unless something is done about the use of companies to hold real estate while hiding the true owners.
I like the fact that the tax is based on income taxes paid in BC (I think it should be based on income taxes paid in Canada though).

Offline wilber

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Re: The Wreck of BC
« Reply #37 on: February 23, 2018, 08:48:45 am »
Tax returns are done by CRA, do provincial governments have access to your federal tax info?

Offline msj

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Re: The Wreck of BC
« Reply #38 on: February 23, 2018, 09:23:41 am »
The feds and BC have an agreement where the CRA administers the income tax for BC.

They share information which allows BC to administer the MSP assistance up to this point.

So yes BC does know who is paying BC income taxes and how much and can match it to individual physical addresses. 
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Offline wilber

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Re: The Wreck of BC
« Reply #39 on: February 23, 2018, 09:30:50 am »
The feds and BC have an agreement where the CRA administers the income tax for BC.

They share information which allows BC to administer the MSP assistance up to this point.

So yes BC does know who is paying BC income taxes and how much and can match it to individual physical addresses.

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.

Offline msj

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Re: The Wreck of BC
« Reply #40 on: February 23, 2018, 10:04:49 am »
See page 80(86 on the PDF) here: http://bcbudget.gov.bc.ca/2018/bfp/2018_Budget_and_Fiscal_Plan.pdf#page86

It is a separate system I guess to keep those MSP jobs going. 

People will need to provide information (SIN, worldwide income etc) so this will be interesting to see how effective it is.

I understand one form of exemption is a long term lease (presumably month to month but on a yearly basis) which will hurt the cottage onwers from the ROC. 

But from the BC NDP pov these are foreigners too. 

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Offline msj

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Re: The Wreck of BC
« Reply #41 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.



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Offline wilber

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Re: The Wreck of BC
« Reply #42 on: March 09, 2018, 11:22:51 am »
Alberta now threatening to turn off the gasoline tap. BC gas prices could go over $2.00 a litre if they do. I say good on them, is BC part of Canada or not?

Offline BC_cheque

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Re: The Wreck of BC
« Reply #43 on: March 09, 2018, 11:29:10 am »
MacLean's has a very funny article posted today comparing Notley's feeble attempt to appear tough to Trump.  She's trying to out Kenney Kenney and she's coming across sounding ridiculous.  She needs to stop pretending she's NDP.

From the article, this is hilarious:

Quote
Had she extended the act a few more beats, it mightíve sounded like this:

British Columbia is treating us very bad, and everyone is laughing at us. And we are tired of being laughed at. And I think if they donít want our beautiful, beautiful oil, maybe we should just stop letting them have it altogether. We will put legislation on my desk soon to do just that, maybe next week. They wonít like that, believe me, but British Columbians and so many other people cannot keep doing the things theyíre doing. It isnít just Alberta first, really itís Canada first. Without pipelines, we donít have a country.


ETA - I also agree with the jist of the article.  She's doing this to get a better approval rating, and like Trump, it's nothing but cheap talk.
« Last Edit: March 09, 2018, 11:36:07 am by BC_cheque »

Offline wilber

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Re: The Wreck of BC
« Reply #44 on: March 09, 2018, 11:40:37 am »
Lougheed did it during the NEP dispute with Ottawa and it worked. There is bipartisan and popular support for this in Alberta.