Jun 19th

  • retweet
    oth
    Canoe.ca PoliticsThere are so many amazing summer events across Canada, it's nearly impossible to decide what one is the absolute best. That's where you come in! Vote now for the top event in each province: http://www.canoe.ca/Travel/Canada/2013/06/18/20909166.html
    25 minutes ago | , Mississauga South
  • retweet
    MPndp
    Pierre JacobAvec mon équipe à Ottawa au début de juin; Mathieu Daoust, Catherine Lusson, Lynda Dupuis et Jason Keays. Il ne manquait que Julia Rys. Nous sommes là pour vous servir à Ottawa, ou dans nos bureaux de comté à Cowansville ou à Magog.
    38 minutes ago | Quebec, Brome—Missisquoi
  • retweet
    MPlib
    Ralph GoodaleNEW CONSERVATIVE TAX ON CREDIT UNIONS JUST A CASH GRAB! Credit Unions have always been crucial to the commercial success and community strength of my home province of Saskatchewan, and the same is true right across Canada. They provide high-calibre financial services and valuable choice in the marketplace. Because they are locally-owned by their members and have a customer-service business model, Credit Unions also provide a full range of services in places and to population groups that large commercial banks would never reach. Over 11-million Canadians are Credit Union members, including half of Saskatchewan's total population. In addition to the extensive "caisse populaire" system spanning Quebec and parts of Ontario and New Brunswick, there are 348 Credit Unions, large and small, across the country operating at 1,762 locations. The largest is "Vancity" on the west coast. "Conexus" in Regina is Number-6. For 40 years, Credit Unions have been taxed on their income as small businesses. This preferential tax rate recognizes that even the largest Credit Union is 16-times smaller than the smallest of Canada's five Big Banks. Those five banks dominate 90% of the Canadian banking sector. A lower tax rate for Credit Unions also acknowledges their local, community-based ownership and the fact that their only source of capital is their members and customers, whereas the banks raise large volumes of capital on public markets. The first obligation of the banks is to their shareholders. The first duty of Credit Unions is to their members. That's all to the good, but here's the bad news: Buried deep in Stephen Harper's 2013 budget, now being forced through the Senate, the income tax system for Credit Unions is being changed -- to treat them more like Big Banks. This constitutes a massive Conservative tax increase, and a big hit on the retained earnings which Credit Unions use to grow, lend money to small businesses and farmers, and fund community development. Competition and customer service will inevitably be impaired. The timing couldn't be worse because this tax grab comes just when Credit Unions, like all financial institutions, are grappling with more stringent capital rules imposed on the whole industry in the wake of bank failures during the recent recession. This new tax on Credit Unions -- and only Credit Unions -- will make meeting those extra international requirements that much tougher. There was no consultation whatsoever. This tax hike is entirely unilateral. It's driven by the Harper government's political "need" to concoct the illusion of a "balanced budget" by 2015. Many of the election promises the Conservatives want to trot out that year are contingent on first balancing the books. So, large tax increases are being imposed in the meantime, to gobble up revenue. That's why Credit Unions are being slapped with this new tax burden of about $75-million every year. That's also why taxes on small business owners are going up by some $550-million per year, and tariff-taxes on consumer goods are going up by $333-million per year, and EI payroll taxes are going up by more than $600-million per year. Altogether, it's massive. It's also counterproductive and fundamentally dishonest.
    46 minutes ago | Saskatchewan, Wascana
  • retweet
    oth
    Canoe.ca PoliticsTake that, #TaylorSwift! #JohnMayer's new song seems to be about her, and he doesn't have anything nice to say. 'SHARE' if you like seeing her get a taste of her own medicine. http://video.jam.canoe.ca/video/featured/latest-videos/1741952795001/john-mayers-new-song-might-be-about-taylor-swift/2487959988001
    47 minutes ago | , Mississauga South
  • retweet
    MPndp
    Glenn ThibeaultYesterday I introduced hundreds of petitions from Sudburians calling for the government to act on wild fluctuations and lack of competition in the pricing of gasoline.
    1 hour ago | Ontario, Marguerite-Bourgeoys
  • retweet
    MPndp
    Peter Julian"@danielfinnis: I'm proud I voted for you @MPJulian! Keep up good work on MP expense monitoring http://t.co/lWqCEmG5CT"Thanks, Daniel! #ndp
    MPs pass NDP motion on expenses, adjourn for summer - Politics - CBC News
    1 hour ago | British Columbia, Burnaby—New Westminster
  • retweet
    oth
    Canoe.ca PoliticsGAWK ALERT! Amazing footage of a rare two-faced kitten. ‘SHARE’ if you're a #cat lover. http://en.video.canoe.tv/video/comedy/funny-animals/88690753001/rare-two-faced-kitten/2477379676001
    1 hour ago | , Mississauga South
  • retweet
    oth
    Canoe.ca PoliticsA Toronto scientist and a team of researchers took 10 years and $40 million to develop a groundbreaking cancer drug.
    Toronto doc unveils 'sharpshooter' cancer drug - Breast Cancer - C-Health
    2 hours ago | , Mississauga South
  • retweet
    MPndp
    Matthew DubéPour continuer à bien vous représenter à Ottawa en 2015, j’ai besoin de votre soutien maintenant ! Un don mensuel d’aussi peu que 10$ par mois fera toute la différence.
    NPD | Un don unique
    2 hours ago | Quebec, Chambly—Borduas

Jun 18th

Newsletter
user online (33) viewing this page (1)
view mobile version
FEEDBACK & SUGGESTIONS
Processing time: 0.4102 seconds