Klassy hotels them Canadian Covid Hotels. You allegedly go there for safety. Then you wake up with a red arsehole and a quarter in your hand. Possibly your dog and child too. Class with a capital K.
Apparently the US failed to generate enough power and oil for itself and had to mooch off of Canada's supply. Even more importantly, not enough intelligent graduates from it's schools so it had to pay extra to bring in Canadians ( and some Asians ) to fill some of the better paid jobs. At least that is, if one lives in the gonzo world of TreeFrogTrader where trading is a weakness and there are fake people everywhere. The same world where "election fraud" is rampant and wearing masks was supposedly a political statement in a pandemic. Let's be real here, Covid loved the US and how welcome it was in the US in 2020.
There seems to be a lot of posts about Canada at ET. Doesn't anyone care about Mexico, our southern neighbor?
So...you're a US citizen who owns a vacation home here in Canada. Great news: we'll levy an additional tax on you because we won't let you cross the border to use it. If this tax is implemented the U.S. should implement a mirror tax and tax all the Canadians extra who own property in the U.S. Let's see how all the Canadian snowbirds in Florida like this. Canada's proposed tax on foreign-owned property irks Americans who own vacation homes there https://buffalonews.com/news/local/...cle_5f3a8d7a-ad0a-11eb-a261-bb8941071e67.html Canada is proposing a 1% tax on underutilized or vacant real estate owned by foreigners, thereby potentially foisting thousands of dollars of annual costs on Americans who own properties north of the border that they haven't been able to visit for more than a year because of the Covid-19 pandemic. The tax, which would be implemented in 2022 if adopted as part of the Canadian budget for that year, is aimed largely at foreign investors who have been snapping up condos in Toronto and other booming Canadian cities. But cottage owners from the Buffalo area and others who own property in Canada are worried they will end up paying much more to own homes they can't even use at this point. "My initial impression is: 'So they want to kick us when we are already down?' " said JoAnn Boehm of the Town of Tonawanda, whose parents built a cedar cottage in Ridgeway in 1963 that she still stayed in regularly until last year's Covid-19-inspired border shutdown. "Many of us are not rich or high rollers. …The only reason our properties are underused/vacant is because of Covid restrictions." Introduced last month and still subject to revision, the Canadian proposal also drew the ire of Rep. Brian Higgins, a Buffalo Democrat who this week wrote to the Canadian Ambassador to the U.S., Kirsten Hillman, to complain about the move. Higgins – a member of the tax-writing Ways and Means Committee – told Hillman that if Canada enacts the tax, he will reciprocate by pushing for a similar tax on Canadian property in the United States. "I have to defend my people," Higgins said in an interview. "And if you're going to impose a 1% federal tax on an owner of a cottage in Crystal Beach, Ontario – well, there's a lot of Canadian property owners in Ellicottville." Chrystia Freeland, Canada's deputy prime minister and minister of finance, unveiled the tax when presenting the Canadian government's proposed budget last month. "The idea here is that homes are for Canadians to live in," she told reporters. "They are not assets for parking offshore money." The budget proposed by Canada's Liberal government says the 1% tax would raise $700 million in Canadian dollars – or about $569 million in U.S. currency – over four years. In a section called "Tax on Unproductive Use of Canadian Housing by Foreign Non-resident Owners," the budget proposes that foreigners who own property in Canada file an annual declaration with the Canadian government starting in 2023 that details how the property is used. The annual 1% tax would be assessed "on the value of non-resident, non-Canadian owned residential real estate considered to be vacant or underused," the Canadian budget document said. However, the budget doesn't specifically define what an "underused" property is. The Canadian Ministry of Finance indicated in the budget that it will further outline details of the tax after a public comment period called a consultation. "The consultation will consider whether, how and when the proposed tax would apply in smaller, resort and tourism communities," the budget document said. People with vacation homes in such communities are clearly worried, though, that the tax will apply to them. "The U.S. and Canada are supposed to have the closest relations of any two countries in the world," said retired Buffalo businessman Anthony H. Gioia, who has owned a summer home at Thunder Bay, Ont., for more than 30 years. "And this isn't how you usually treat your best friend." Gioia, a former U.S. ambassador to Malta, said the tax would likely discourage Americans from buying real estate in Canada. He also said it would prompt a retaliatory tax like the one Higgins is suggesting, which would be painful for the considerable number of Canadians who own winter properties in Florida. The Canadian tax would certainly be painful for John Adams, a retired magazine publisher who spent most of his life in Washington state and who bought a vacation home on Vancouver Island in 2015. The property has been appraised at $398,000 – meaning he would have to pay an additional $3,980 annually if the tax were imposed. That's a 370% increase from what Adams is currently paying. Adams and his wife usually spend several months of a year on the secluded property, enjoying Canada's western wilderness the way Buffalonians have long enjoyed Canada's beaches. "I got the impression that most cottage owners in Buffalo are not wealthy offshore business entities parking speculative money in Canadian real estate," Adams – who brought the tax to the attention of the Buffalo News – said. "They are couples in their 60s and 70s that just want to enjoy what time they have left enjoying their second homes." Asked for more details about the proposed tax, a Canadian Ministry of Finance official largely parroted the Canadian budget statement about the tax and the coming consultation period, adding: "More details will be released in due course." Richard S. Halinda, a Fort Erie-based attorney who represents Americans who buy property in Canada, said he would be raising concerns about the tax with the Canadian government. "My understanding is that the genesis of this is from the large number of empty condo units in downtown Toronto and Vancouver that sit empty and no lights on as result of being purchased sight unseen by foreign buyers," he said. "These purchases have increased the price of these units and have taken them out of the rental pool and ownership pool for people who actually live in Toronto and Vancouver." The situation on the Niagara Peninsula is far different, Halinda said. There, many Americans own cottages that have been in the family for decades. Now, though, those Americans stand the possibility of getting hit by a Canadian tax aimed a very different type of foreign real estate owner. "This is another example of trying to use too wide a brush when trying to paint," Halinda said.
Two things that get underdiscussed in this article: 1)This is a federal tax that they are talking about. In context it is important to note that many Canadian cities- but most notably Vancouver- are already involved heavy duty real estate surcharges on foreign transactions and/or yearly properly taxes in an attempt to slow these purchases down or to harvest some tax money from them. 2) This is not just a Canada smacking America around type of effort although things tend to get framed that way the closer you get to Toronto. That's how they roll. In reality, many Canadians, especially in Vancouver/BC solidly, solidly have the Chinese in their crosshairs on this. Here is where it gets tricky and I will be called a racist: I am favor of the Canadians sticking it to the Chinese but not the Americans due to the reciprocity factor that you mentioned. Hundreds of thousands of Canadians are only able to survive in Canada but going to their condos in the US in the winter. Similarly, Americans have their reasons for wanting to be in Canada part of the year. So there is a reciprocity there that does not exist with China, to that degree anyway. Similarly we have the same issue with China. People talk about all the Californians bailing out and going elsewhere so allegedly housing ownership is going to go tits up in California. Nope. Not by a long shot. The Chinese are buying bigtime and will continue. And much of it is not even seasonal occupancy- it is just speculation. Tax the shit out of them. Better yet. Tell em to get the fuck out. This is not Tibet. Our relationship with Canada is different, or has been anyway. Also, the Chinese are a security threat to Canada. Obviously they are to us too, but i am just saying even if you live in a woke country like Canada you learn, as they have increasingly learned, that you do not want them living there without a stable reason for being there. Canada does have a long, proud, and stable chinese population but they are canadian citizens so they would not fall into any of these flaky categories. A lot of the canadian chinese wouold like to see the newcomer gangs and shady business dealers to get the fuck out too.
Let's see why guests at Canada' quarantine hotels are all getting COVID despite arriving in the country with none... oh, they are getting it from the staff. Well not to worry, I'm sure the socialized medicine will pay for your hospital stay after being absurdly overcharged by the hotel. Wait... Canada will not pay a dime for your hospital stay for non-residents despite their poor measures giving you COVID. Well... what can we say, this is Canada, Sorry. More than a dozen quarantine hotel employees confirmed positive for COVID-19 https://www.680news.com/2021/05/04/...el-employees-confirmed-positive-for-covid-19/
Canada will not pay a dime for your hospital stay for non-residents after giving you Covid-19? What a waste of land.