Category: Article

  • The Liberals are not just incompetent

    If you think the Liberals are simply incompetent, you are mistaken. There is a good degree of that, but this country is in a pronounced decline because of policies taken by this government – in an intentional fashion.

    It is all about taking property (in the form of #taxes) from the entrepreneurial, private and professional sectors, and to spend it on Liberal pet projects.

    More in this #video #short.

    *Subscribe to my rants on YouTube: https://www.youtube.com/@trevorparry

    #taxlawyer

    #video

    #shorts

    #paylesstax

    #capitalgains

    #LeviathanMustBeStopped

  • Will you lose your small business deduction? 

    The new, higher capital gains inclusion rate is a gut punch to professionals:  doctors, dentists, lawyers, vets, accountants, and countless others – who were using their professional corp to save.

    If you are triggering capital gains inside your corporation, and the new capital gains inclusion rate is 2/3rds and not ½, you have reduced the gross capital gain from $300K to $220K, at which you lose your small business deduction.

    Let’s face it:  most of these folks don’t have pension plans.  They were relying on an implicit promise from provincial governments to be allowed to save inside their corporation.

    Mr. Trudeau and his ilk have decided that they don’t want that to happen.

    More in this #video #short.  Subscribe to my rants on YouTube: https://www.youtube.com/@trevorparry

    #taxlawyer

    #video

    #shorts

    #paylesstax

    #capitalgains

    #LeviathanMustBeStopped

  • The Liberals are trying to create a panic

    Traditionally, when a budget document is introduced, the effective date is before the budget, so people can’t do planning in advance of the budget.

    Not so with the increase to the capital gains inclusion rate.  The effective date is after the budget. June 25, specifically.  The Liberals are doing this to generate a panic of selling, to generate extra revenue – by some estimates $6.5 to $7-billion.


    More in this #video #short.

    *Subscribe to my rants on YouTube: https://www.youtube.com/@trevorparry

    #video

    #shorts

    #paylesstax

    #capitalgains

    #LeviathanMustBeStopped

  • Want to be a good Canadian?

    🇨🇦🇨🇦 Happy Canada Day! 🇨🇦🇨🇦

    Want to be a good Canadian citizen? Take it upon yourself to understand how taxation works in this country.  Understand also what they are doing with your money.  I mean, are you getting anything for the multi-billion-dollar – or actually now, multi-trillion-dollar – debt that this government has run up in eight years?

    More in this #video #short.  Subscribe to my rants on YouTube: https://www.youtube.com/@trevorparry

    #taxlawyer

    #video

    #shorts

    #paylesstax

    #capitalgains

    #LeviathanMustBeStopped

  • A bust right in the chops

    The increase to the capital gains inclusion rate is more than a slap in the face to entrepreneurs. It is a bust right in the chops.

    Luckily, we have seen a great mobilization against it. But I assume it will still pass, given that the NDP will prop it up.

    More in this video short.

    Subscribe to my rants on YouTube

    Connect with me on LinkedIn

    #video
    #shorts
    #paylesstax
    #capitalgains
    #LeviathanMustBeStopped

  • Leviathan must be stopped™: an introduction

    The very concepts of individual liberty, religious liberty and enjoyment of property are facing a daily onslaught. 

    This thus the first of many short epistles to inspire people to act with regards to their most visible relationship with government: taxation. 

    What measure can a concerned citizen take today that, within the context of law and sensibility, starts to push back Leviathan – the grotesquely overreaching state? The answer is simple: starve it.

    Writing in the mid-17th century, amid over one hundred years of upheaval based on King Henry VIII’s break with Rome in 1532 and the growing emergence of the nation state as the supreme political entity in Europe, Thomas Hobbes published Leviathan.  It advocated for a social contract by which a supreme leader or autocrat would rule the masses.  Its name derived from the Biblical sea creature Leviathan – the devourer of the souls of the damned – and was also the name he gave his perception of government.  

    Hobbes saw in human nature no inalienable striving for a greater good, but rather the opposite, in which a society left ungoverned would descend into violence.  As evidenced by his famous quote, “without government, life would be solitary, poor, nasty, brutish and short,” his view of the future was far from what Sir Winston Churchill would call the “broad sunlight uplands.” 

    The quintessential elements of Hobbes’s dystopian state, which he characterized as a Commonwealth, was a contract by which, in return for public safety, the ruled would give up any pretense of individual liberty.  The sovereign, whether an individual or assembly, had the power to make and enforce the law as they applied to society and property, could levy taxation ostensibly to provide for a rudimentary social safety net, had supremacy over religious belief and liberty and had wide censorship powers.  Coming from Hobbes, none of this was a surprise given that his living memory would have included stories of great religious persecutions and executions under Henry VIII, Bloody Mary, Elizabeth I, and an English Civil War that had seen King Charles I lose his head to Cromwell’s Parliamentary forces in 1849.

    We in what we collectively call The West now see the tentacles of Leviathan ever expanding, not just consuming the souls of the damned, but also the righteous.  The majoritarian justification for the ever-expanding state has been discarded for other political doctrines, such as Marxism and identity politics.  The very concepts of individual liberty, religious liberty and enjoyment of property are facing a daily onslaught.  Social media, in which some may have an opinion, regardless of any foundation in truth or academic process, has only amplified this inexorable regression to the nadir.

    Leviathan can and must be stopped.  The alternative is not an absence of government but a return to a traditional balance – what we once called liberalism – where the need for security is balanced against the inalienable reality of human liberty.  How do we succeed in what many believe to be a Sisyphean[1] exercise, but what in fact is merely Herculean[2],[3]?

    The answer is indeed broad, but also clear.  As individuals we must reassert control where the state has willingly and wrongfully intruded.  As parents we must forcefully assert that the family has been and always shall be the basic social unit.  As citizens we must understand that with rights come obligations.  An obligation to understand, not decry our history, our traditions, and our basic political system.  It is our obligation to restore society to what Edmund Burke described:

    “Society is a partnership in all science, a partnership in all art, a partnership in every virtue and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born.”

    What measure can a concerned citizen take today that, within the context of law and sensibility, starts to push back Leviathan? The answer is simple; starve it.

    It is the purpose of this short epistle, and those to follow, to inspire people to act with regards to their most visible relationship with government, namely taxation.  At present, taxation, both of individuals and their endeavours, is oppressive, taking too much under the chimera of fairness while confronting taxpayers with a byzantine system where seeking redress would do a disservice to the term “uphill battle.” 

    In the future I will write about substantive and strategic ways in which taxation can be delayed, deferred, and reduced, all within the parameters of an individual’s specific financial landscape and always with an eye towards risk and avoiding undue complexity.  It is always with an eye towards gravitas, which is a solemnity of manner, that solutions should be considered and implemented.  Whilst political and societal discussion need not be the focus of every edition, our common purpose to restore a sense and reality of balance and respect will always be foundational.

    I look forward to standing beside you all, certainly leading from the front, but all part of the same phalanx, with our shields and spears united in the same glorious purpose.


    [1] In Greek mythology, Hades punished Sisyphus by forcing him for eternity to roll a gargantuan boulder up a hill, only for it to roll down to the bottom each time.  Hence an impossible task.

    [2] Requiring, well, Herculean strength.

    [3] Yes, there are footnotes.