Unrealized gains tax for Gen-Z:
You buy a Pokémon card for $50.
Someone offers you $500 for it. You say no. You love that card. You're keeping it.
The government says: "Cool, but that card is worth $500 now. You owe us $100 in taxes."
You: "…I didn't sell it."
Government: "Don't care. Pay up."
You don't have $100 lying around. So you're forced to sell the card you love just to pay a tax on money you never received.
Next month? That card drops back to $50.
Your card is gone. Your money is gone. And the government shrugs.
That's a wealth tax on unrealized gains. They don't pay you back the tax...
Now picture this.
Your mom calls you crying. She has to sell the house she raised you in. Not because she can't afford it. She's lived there 30 years. It's paid off.
But some website says it's worth more now and the government says she owes $15,000 she doesn't have.
So she sells your childhood home. The kitchen where she made you breakfast. The doorframe where she marked your height every birthday.
Gone.
To pay a tax on money that was never real.
Now picture the opposite.
Your dad put everything into his small business. For 20 years he built it from nothing. One year the business is "valued" at $2 million on paper. He owes a massive tax bill. He empties his savings. Sells his truck. Borrows money. Pays it.
Next year the market crashes. His business is worth $200,000.
He lost everything to pay a tax on a number that doesn't exist anymore.
Does the government give him his money back?
No.
Does the government give him his truck back?
No.
Does the government care?
No.
They sold this idea as "taxing billionaires." But billionaires have armies of lawyers, offshore accounts, and trusts. They'll be fine.
You know who won't be fine? Your mom. Your dad. Your neighbor with a small business. The farmer down the road who's had the same land for four generations and now has to sell it because dirt got expensive.
You're not taxing wealth. You're taxing people for owning things.
It's like getting a parking ticket for a car you might drive somewhere someday.
They want you to own nothing and be happy. To fund the fraud, waste and abuse of the welfare state they created.
There is enough money. More tax isn't needed. It's all a lie. But you've been gaslit into believing this is a rich vs poor debate.
I hope you understand what's at stake.
Canada's Employment Rate continues to fall, now sitting at a 26-year low. Public Sector Employment is at a 30-year high.
The Federal Tax take as a percentage of GDP is at a 20-year high, and our tax base is being hollowed out.
This is not going to end well.
Canada has 4.5 million public servants
whose wages are being paid by only 13.7 million private sector workers
3 taxpayers for every 1 public servant making 80-120k
HOW is this country still standing?
Thank you Pierre Poilivre. This is your doing. Your determined advocacy to axe this tax is why it's come to be.. THANKS PIERRE!
https://t.co/rnJ1BbrwOc
Same person 1 year apart.
April 2024: Paying the carbon tax puts more money in your pocket!
April 2025: Eliminating the carbon tax puts more money in your pocket!
It's Schrödinger's Tax!
Introducing the Canada First TFSA Top-Up. A new Conservative government will let you put an extra $5000/year into your TFSA for investments in Canada.
Bring it home: https://t.co/eIy7PDua09
The best way for Canada to respond without triggering a new chapter in the trade war is to embark on a massive cut to top marginal tax rates on incomes of all sorts: personal, corporate, and capital gains. Take a feather out of Ireland’s cap and make Canada a global tax haven - one way to not just prevent capital flight but trigger an investment boom. Make the business sector think twice about relocating without hurting consumers, which is what tariff retaliation would do.
So I hear we apparently aren’t supposed to shop at Costco anymore because it’s American.
But Costco provides jobs for 53,000 people in Canada. And those employees and the company pay taxes in Canada.
And individual Canadians own Costco stock and so share in the profits.
The Calculation Of CRA Employee Reduction Based On IRS Layoff Model
IRS has 90K Employees for 340M Americans proposing 50% reductions
CRA has 60K Employees for 41M Canadians 8X Ratio
For correct staff Reduction levels we need to Layoff 52.5K at CRA
https://t.co/QE3G7oiBPX
@CanadianPolling We aren't in a position to fight today from years of mismangement. Drop taxes (carbon/income/business), approve pipelines and other infrastructure projects. Become an self-reliant nation, then fight. Don't fight when you have no power. Be smart, not reactive and name calling