Jason Pereira, a financial planner at Woodgate Financial, steps up to “political theatre.” “So, what does this mean – in terms of tax revenue? Consider a national day-of-care at $10 per day. Quebec has proven that the model is indeed net positive tax revenue because it allows people to work Think about how expensive national health care is, but it keeps working for all of us, and how valuable is it?” he said.
“We don’t know the details of any of these plans, and we don’t know how it will benefit society. I don’t think basic dental cleaning is going to make or break someone’s ability to work, but the broader impact of PharmaCare It is possible. “
As for taxing financial institutions, he wondered whether the government would add additional taxes on certain types of businesses or create a new dividend category to combat the consolidation. Or would it break integration, and what are those implications?
“Banks may be better off with share buybacks versus dividend growth,” he said. “So, maybe it is not an issue of mind, but from a tax point of view, it is a big question. Until the law is passed, we are in a complete wait-and-see situation,” Pereira said, Considering dental and pharmacare plans will probably affect group benefits.
“So, a bunch of employers and corporations will save money on benefits and the premiums on these plans are going to be low and that’s going to affect anyone in the group space,” he said. “But, a lot of Canadian advisors prefer to buy Canadian banks for dividends and this puts a headwind behind them, which goes back to my question on consolidation. If it breaks consolidation, it means that dividends continue. Targeting to do is cheaper outside of other companies unless we create a separate category of dividends, which further complicates taxes.