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Canada recession looming?

Canada recession looming?

Old Jul 2nd 2012, 5:24 pm
  #91  
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Default Re: Canada recession looming?

Originally Posted by Former Lancastrian
But arent the Isle of Man, Jersey & Guernsey and even Scotland and NI all considered countries in their own rights. Hence the different regulations.
They're different jurisdictions, but Scotland and NI are part of the UK and the channel islands and the isle of man are sort of quasi parts because of all the treaties they have and by tradition. Tax rates do vary.

At least in Canada the methodology is standardized, whereas in Scotland for example you need to have a clear understanding of how the Scotland Act 2012 works. In Canada the taxing powers are clearly broken down between Federal and provincial jurisdiction by the Constitution Act.

The same VAT rate applies in Cumbria as it does in Cheshire.
And your point? The same GST rate applies across Canada. There are variations across the British Isles, Guernsey doesn't have it, in Jersey it is 3%. Different jurisdictions have different taxes, I can't see how some provinces having PST or HST in principle is that different.

No wonder the immigrants get confused when they arrive here
I must admit though Im in favour of the VAT system as opposed to the well this is subject to GST but not PST or subject to both.
Item says $19.99 Ive got a $20 bill in my pocket good enough I can buy it and still get change.
GST is a VAT, the CRA guide on what is subject to it is basically a carbon copy of the HMRC VAT guide, the only major exceptions being the way bank charges work.

Adding it on before collecting it at the till (which isn't done between VAT registrants) and the much higher rate are the only real differences.
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Old Jul 2nd 2012, 5:27 pm
  #92  
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Default Re: Canada recession looming?

Originally Posted by Alan2005
pharma, high tech, arms, financials.
Financial industry and oil are the main things the UK has that keeps the economy going, which is why it is such a mess at the moment because the financial industry is stuffed.

Frankly one of the reasons I emigrated is because the UK is near the end of the road with gas and oil extraction, and that was what ended the recession in the late '70s and early '80s.
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Old Jul 2nd 2012, 5:31 pm
  #93  
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Default Re: Canada recession looming?

Originally Posted by jericho
Wow, that's certainly a blinkered view. Would be interested to hear how a boom in Alberta will keep people in jobs in practically every other Province though...
It won't, but resource extraction is a pretty big deal nationwide.
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Old Jul 2nd 2012, 5:39 pm
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Default Re: Canada recession looming?

Originally Posted by Steve_
Financial industry and oil are the main things the UK has that keeps the economy going, which is why it is such a mess at the moment because the financial industry is stuffed.

Frankly one of the reasons I emigrated is because the UK is near the end of the road with gas and oil extraction, and that was what ended the recession in the late '70s and early '80s.
That is inaccurate. The UK is one of the worlds top manufacturers.
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Old Jul 2nd 2012, 5:56 pm
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Default Re: Canada recession looming?

Originally Posted by Alan2005
That is inaccurate. The UK is one of the worlds top manufacturers.
Plus, the UK is by far the biggest single foreign country with direct investment in the US.
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Old Jul 2nd 2012, 5:58 pm
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Default Re: Canada recession looming?

I see "the uk doesn't make anything anymore" quite often - but it's just not true. A lot this perception is that manufacturing companies don't employ as many people directly, but contract out things such as marketing or logistics. It's the same people doing the same things, but they are now "service" jobs and not "manufacturing" jobs.

People say the same thing in US, and you even hear it here from time to time.

Last edited by Alan2005; Jul 2nd 2012 at 6:35 pm. Reason: hear here
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Old Jul 2nd 2012, 6:03 pm
  #97  
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Default Re: Canada recession looming?

Originally Posted by pacepeter
In Alberta with oil around $80 a barrel it's all go 113,000 jobs vacant in just the oil fields and lots of expansions got the go ahead mostly with Chineese money so if oil stays same price the money Alberta pays into the kitty will keep Canada out of ressesion
right. Alberta is dependent on Asia. Oh, and BC for getting said oil to Asia...better be nice to us then eh?

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Old Jul 2nd 2012, 6:07 pm
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Default Re: Canada recession looming?

Originally Posted by YoshiPal2010
"Brokeback Mountain", "Unforgiven", "Passchendal", "X-Men". All made, at least in part, in ALBERTA!. There are also a lot more. The Port of Vancouver? Gateway for all the Chinese-made crap! An export related port, such as that proposed for the end of the Endbridge pipeline from Alberta, you do not appear to want. Enjoy all that tree-hugging and yoghurt weaving.
Yeah I know about those movies, but a few movie shoots does not an industry make. Sorry.

Your remarks about the Port Of Vancouver are just silly. Where do you think all the imported goods in Alberta come from?

And your last comment is also silly. I suppose you're trying to offend me or something.

And yeah we don't want your crappy, bound-to-leak pipeline. Shit is ON, beotch.
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Old Jul 2nd 2012, 6:39 pm
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Default Re: Canada recession looming?

Originally Posted by Kiwilass
And yeah we don't want your crappy, bound-to-leak pipeline. Shit is ON, beotch.
I've got no issue with pipe-lines in general, but the perception of this is that it's all BC's risk for only Albetra's gain. It's not really surprising that not many people here want it imo.
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Old Jul 2nd 2012, 8:58 pm
  #100  
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Default Re: Canada recession looming?

Originally Posted by Tangram
Doesn't Canada import most of its wood ? This in a country which seems to have an abundance of the stuff.
Most of the lumber in Alberta comes from Alberta the rest from BC no idea about the rest of the country
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Old Jul 2nd 2012, 9:02 pm
  #101  
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Default Re: Canada recession looming?

Originally Posted by Alan2005
I've got no issue with pipe-lines in general, but the perception of this is that it's all BC's risk for only Albetra's gain. It's not really surprising that not many people here want it imo.
BC take money out of the system what Alberta put in then give it out to those that don't want to work. Canada some times acts like each province is a desperate country instead of working togather
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Old Jul 2nd 2012, 9:11 pm
  #102  
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Default Re: Canada recession looming?

Originally Posted by Steve_
Financial industry and oil are the main things the UK has that keeps the economy going, which is why it is such a mess at the moment because the financial industry is stuffed.

Frankly one of the reasons I emigrated is because the UK is near the end of the road with gas and oil extraction, and that was what ended the recession in the late '70s and early '80s.
Very true but what have England got to show for all that oil money over all those years? Re invested no, it's helped to pay for all the dole wallets and oxygen. Thieves that's why I left and the high crime because of it
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Old Jul 2nd 2012, 9:12 pm
  #103  
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Default Re: Canada recession looming?

Originally Posted by Alan2005
I've got no issue with pipe-lines in general, but the perception of this is that it's all BC's risk for only Albetra's gain. It's not really surprising that not many people here want it imo.
Exactly.

IF alberta was prepared to stump up some real cash - like, if the damn thing leaks they're responsible for paying for tghe clean up - then it would help the situation a lot.

It's very, very unpopular where I live. The pipeline goes through my city to the port and this area also happens to be a swing seat both federally and provincially. Also, it goes under an area that is now very highly and densely populated. The Mayor has already come out and made it clear the municipal government will do what they can to stop it.
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Old Jul 2nd 2012, 9:13 pm
  #104  
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Default Re: Canada recession looming?

Originally Posted by pacepeter
BC take money out of the system what Alberta put in then give it out to those that don't want to work. Canada some times acts like each province is a desperate country instead of working togather
That's rubbish. BC hasn't been a taker for a long time. And yes the provinces do have a lot of power - deal with it.

Show us the money if you want the pipeline.
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Old Jul 2nd 2012, 9:19 pm
  #105  
 
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Default Re: Canada recession looming?

Originally Posted by pacepeter
BC take money out of the system what Alberta put in then give it out to those that don't want to work. Canada some times acts like each province is a desperate country instead of working togather
What?

Do you mean equalization payments? If so then you are incorrect. Look it up.
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