Tagged: tax

Minimum Guaranteed Income

Minimum Guaranteed Income is Back On The Discussion Table.

Both the federal government and the provincial governments of Ontario, Manitoba and Quebec are about to explore the concept of guaranteeing a minimum income to all people.

Basic income: New life for an old idea
A combination of economic uncertainty and political possibility is giving new life to an old policy idea
Ontario will test idea of a guaranteed minimum income to ease poverty, spending on social programs

This conversation needs to back up a whole chapter or two.

Firstly, Why? What would this program hope to accomplish? Canada already has social assistance, pensions, employment insurance etc.  Are all the present systems to be replaced? Would monies be doled out and then taxed back? More and more peoples are becoming entrenched in the idea that they are owed a living, that they have a fundamental right, a ‘Charter Right’ to social assistance, to ‘Free Money‘ SORRY! It is not so.

Under our Canadian Charter of Rights and freedoms the closest the Charter comes to ensuring the rights of citizens is the following clause:

7. “Everyone has the right to life, liberty and security of the person and the right not to be deprived thereof except in accordance with the principles of fundamental justice.”

This clause does not guarantee anyone they will be given a ‘Life’ and ‘security’ and ‘freedom’, just guaranteed that they will not be deprived of a ‘Life’. The more people are guaranteed a living income the more it becomes entrenched that it is Canada’s collective duty to supply that living income.

Would it not be more fundamentally ‘just’ to precede clause seven with:

“Each and every person (citizen of Canada) has the duty and obligation to be a law abiding, productive, peaceful member of society and a defender and protector of the person and rights of all other individuals residing in Canada.”

When persons are living according to their Charter duties, doing their best to be productive, only then would they have claim to a living income, notwithstanding disability, incapacity or old age.

More and more this move toward a guaranteed income has more to do with stimulating the economy than the surety of life. If so, Canadian society is in far deeper trouble than just fiscal management. The terminology the federal government is using reads ‘living income’ which is a step or two higher than minimum wage or social assistance. These monies to be given regardless of whether recipients work or meet a means test.

“Basic income is universal, unconditional and individual. That means every individual in society automatically receives a monthly payment… Whether you’re employed or unemployed, man or woman, rich or poor, you would get this money in your bank account every month,” said Jonathan Brun of Revenu de Base Quebec.

The opening lines of the Canadian Charter of Rights and Freedoms reads as follows:
“Whereas Canada is founded upon principles that recognize the supremacy of God and the rule of law:”

Is Canada about to belie forever the Biblical passage, “Don’t you remember the rule we had when we lived with you? “If you don’t work, you don’t eat.” And now we’re getting reports that a bunch of lazy good-for-nothings are taking advantage of you. This must not be tolerated. We command them to get to work immediately—no excuses, no arguments—and earn their own keep. Friends, don’t slack off in doing your duty.” 2 Thessalonians 3: 10-13

Stimulus money is a good and fair use of tax monies but not if unjustly given to individuals or corporations.

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News Today 08-03-16

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Canada plans to welcome 300,000 newcomers this year: McCallum
“Immigration Minister John McCallum announced a “significant shift” in the federal government’s immigration policy, aimed at reuniting more families.”

Canada Revenue offered amnesty to wealthy KPMG clients in offshore tax ‘sham’
Federal authorities demanded secrecy in no-penalty, no-prosecution deal to high net worth Canadians.

Obviously, there is a law for the wealthy and a law for the common citizen.

I can understand Revenue Canada not wanting to prosecute. Prosecution would mean possibly years in litigation and a chance of losing their case. That said, a ‘no-penalty, no-prosecution deal’ amounts to a two tier system, one for the wealthy and one for the rest besides setting a precedent fror future tax evasion cases.

This present uncovered ‘tax sham’ involves at least 26 wealthy clients each investing a minimum of $5 million approx $130m total with the cover-up deal signed on May 1, 2015.

“This doesn’t pass the smell test,” Toronto tax lawyer Duane Milot said. “This is exactly the type of government behaviour that erodes the public’s confidence in the system, these type of secret deals. Everybody should be treated equally.”

The next questions:
1. Should KPMG, this large accounting firm with close ties to the federal government, not be prosecuted?
2. If prosecuted would their files showing the names of their clients involved have to be presented as evidence?
3. Should the names of those involved be published? After all defrauding Revenue Canada is an indictable offense.
4. Was this deal with KPMG clients made to protect officials working within the Government?