March 24, 2016

Liberal budget: Unions get $815M tax break -- for making BAD investments

Brian LilleyArchive

We’ve pointed out many times that labour unions, public and private, put a lot of time, effort and money into getting Justin Trudeau elected so no one should be surprised that big labour is one of the big winners in yesterday’s budget. 

We’ve already shown how the Trudeau government is removing transparency of the kind that would have allowed Quebec construction workers to find out that their union spent $1M dollars of dues money to rebuild a strip club for the Hells Angels.

That’s gone now so union bosses can spend as they please and block any oversight all while getting special tax treatment from the federal government. And now, they’re going to get more special tax treatment as Trudeau’s Liberals bring back tax breaks for investing in a labour sponsored venture capital fund.

That’s right. Invest in a union run fund and you can get a 15% tax break!

These funds were popular in the ‘90s and the idea of a union backed fund that invests in jobs and creates business did sound nice but the investments never really worked out.

Both provincial and federal governments gave tax breaks to encourage contributions. These funds were often so bad, the tax break was the only reason to do it.

Which is why the Conservatives dropped the tax break in 2013 while in Ontario under Liberal Premier Dalton McGuinty, they dropped it years earlier.

People invest to make money, not lose it. The government was subsidizing bad investments so the tax breaks were slowly done away with... until this new budget that is.

Tax relief of $815M over five years, or as progressives would say, the federal treasury will be out $815M over five years to subsidize bad investments. And they were bad.

This is a payoff to unions and union bosses for their political support because none of this makes sense for taxpayers or investors.

It only makes sense for the Liberals who use budgets to reward friends and backers.

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commented 2016-03-25 10:15:26 -0400
What will happen to this country when the takers finally out number the makers to the point it cannot ever recover?

It is well on its way to happening now.
commented 2016-03-25 04:53:26 -0400
Canada will be in my rearview mirror with due process. Ive had enough. Its every man for himself now. Get that in your heads folks. Trudeau may end up in a box if he’s not careful. Desperate times call for desperate measures and someone will lose just enough of everything to have nothing else to lose and then its go time. I’ve seen the actions of desperate men and the lengths they will go to exact revenge on what they knew was complete injustice. What we are witnessing now is the decimation of Canada and the precursor to riots and ultimately a civil war. Trudeau is bringing his army over by the tens of thousands to defend him. Are we seeing the beginning of another Syria? Food for thought.
commented 2016-03-25 03:07:31 -0400
It’s time for hard-core revolution in this country. Politicians no longer work for you and I. They work to line their pockets and those of their friends and voters. People make jokes about lawyers but they don’t even come close to politicians in terms of corruption and ethics. What I don’t understand is why we let them do this with nary a whimper. The entitlement needs to be stopped and from what I see, violent really olution is the only thing they might understand. It sickens me to think of how much of yours and my tax money they steal or squander without any recourse. I guess that’s why people cheat on their taxes, to get back some of the money these hoods have stolen from us. I am absolutely pissed that we allow this to go on.
commented 2016-03-24 23:59:16 -0400
To the cbc
No wonder you liberal party employees love Justin “the Idiot” Trudeau so much. One look at the budget and everyone knows why you fondled over the idiot! I used to listen and watch the cbc. You people are the reason Canada no longer has the best PM and world leader we ever had. The cbc and its employees disgust me. But the takers like the cbc love being a fat leach on the side of Canada sucking the life out of it. 30 billion per year the new norm! The cbc makes me sick.
commented 2016-03-24 23:46:19 -0400
“We’ve compiled some of the lucky members of the London-area Sunshine List — those in the public sector who made more than $100,000 in 2015.”

This is but one city’s sunshine list of public sector workers in Ontario, now multiple that by all major cities in Ontario for provincial, then repeat for all provinces to get a full picture. Add the municipal taxes then the provinces taxes then add in the taxes Federally. Then add in what politicians love to call expenditures but in reality are freebies to their pet projects which translate to new or higher taxes, new fees, increased levies for the tax payer. Politicians just can’t get it into their pea brains that the private sector workers are taxed way too much!!!! Their gravy train has to stop. Its no wonder the Liberals won the election, look at all the pigs at the trough from just one city that no doubt had their vote bought and paid for with promises and our tax dollars.
commented 2016-03-24 15:00:40 -0400
Damn! I knew I should have been nicer to the Liberals so I could belly up to the trough and get my share of the payola. Unfortunately, I have ethics, morals, and values; which are sorely lacking in the “natural governing party”
commented 2016-03-24 14:17:57 -0400
Lad Reme – “he has the intellect of an Egyptian Mummy!”

I mentioned somewhere that I thought he had the intellect of a junior high student, but Lad your comparison is much better, hands down. Thanks for the laugh!
commented 2016-03-24 14:17:00 -0400
Evil, corrupt, insane and with absolutely no conscience at all are what we have at the helm of Alberta, Ontario and especially Ottawa. BUT STUPID, UNINFORMED LEFT WING VOTERS KEEP VOTING THESE GARBAGE POLITICIANS IN AND IT DOES NOT LOOK LIKE THESE LEFT WINGERS ARE SEEING THRU THEIR STUPID DECISIONS ANY TIME SOON. WE ARE HOOPED. IT’S DAMN NEAR IMPOSSIBLE TO CHANGE THIS. LOOK HOW MANY STUPID VOTERS IN Calgary voted for ndp. They should not have gotten any votes whatsoever but all these imports have changed our political direction in Alberta forever. It seems the left have an extremely STRONG HOLD IN DEADMONTON AND CALGARY AND THIS IS VERY BAD. HOPEFULLY IN 3 1/2 years some might wake up and see how terrible ndp and liberals truly are, but I am not too hopeful. Nutley just hired another 50,000 civil servants, imagine another 100,000 including husband’s and wives who will vote ndp because their spouses have government jobs and are not about to change that anytime soon.
commented 2016-03-24 13:27:44 -0400
Corruption, Destruction, Terrorism, Genocide (Political, Cultural and Racial [ For Us ] ). This is the agenda of Justin Trudeau, who is being controlled by the UN. He is the Puppet of Destruct and dose not have the brains to do anything on his own. In truth he is probably not aware of what is happening around him, he has the intellect of an Egyptian Mummy and probably is under the impression that he is the new Savior of Canada.

He probably still remembers that Daddy, the Communist, was determined to undermine the WASP population of his day and he likely thinks that he is continuing on, where Daddy left off.

Stopping Justin is a ‘Must’ and relatively easy. Stopping the UN is a different story.
commented 2016-03-24 10:31:37 -0400
commented 2016-03-24 10:15:09 -0400
i am a union member and it is the most corrupt thing i have ever witnessed.
my union has nothing to do with employees or their protection. it is a political racket. it’s a scam. it’s a lie. they spend more time telling you how to vote than they do telling you your rights. i was a rep but i stepped down when i seen the scam in action. unions and the people who run them are pure evil. the money they take from me feels like an extortion payoff. if i ever got the chance, i would lynch the lot of them.
commented 2016-03-24 10:09:10 -0400
Bernie Trudeau personifies the Canadian success story.

Graduate from high school.
Join a union.
Fuck the dog for 35 hours a week and get 6+ weeks of vacation.
Retire at 55.
Live off the teet of others (your hydro bill is paying for hydro’s pension and likely others).
commented 2016-03-24 09:51:04 -0400
When the budget implementation act goes into committee, the opposition attempt to amend this part of the budget by including a sub-clause that all of Junior’s trust funds must be removed from the investments they are currently in and reinvested in these union scams. Actually, the amendment needs to apply to the entire LPC caucus. After all, if Junior and friends believe in these scams so much, then they need to put their personal money behind them…rather than mine.

What is the likelihood the LPC believes this much in the union scams, that they will invest all their money in them…as opposed to the hydro-carbon driven private sector?
commented 2016-03-24 09:23:04 -0400
The Liberals are Back.. Yuck!
We know this was coming. Cathy Whyee used the unions to get elected and I suspected the same with JT and that there would be some pay off. We need to get rid of this corruption not elect it.

I remember when a Teacher, a customer of mine told me that the Union was organizing how teachers would vote. They said they would take liberal and NDP voters and tell them which riding to vote in so they could get both elected rather than a conservative. That vote rigging using two platforms, but then playing around with the votes of hired Gov’t workers really should be a crime if it isn’t already.
I suspect this gift to the unions is one of several, like when they paid for all their hotel fees etc. when negotiating contracts etc. So the Tax payer pays at both ends.
Next time, we Conservatives need to get out there and bang doors and help turn this around. We need to get rid of these slugs, this corruption and these deficit hungry Liberals.
commented 2016-03-24 09:20:51 -0400
When you see the word bandit very close by you always see Que.and Trudeau.