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No capital gains when the money is reinvested in Canada: Poilievre pledges reinvestment tax cut
Apr 3, 2025
US GDP per person has been 18% over the last decade. In Canada, it's been 1.4%. Not per year over the whole decade. In other words, there's been no economic growth in South of the border. Their growth has been 14 times higher. Canadian workers are better and yet they make less, about $20,000 less per year compared to their American counterparts. Now why is this? Well, the answer is they get less investment. If you take the total investment in the entire American economy divided by the number of workers, it's about $28,000 per worker. In Canada, it's 15,000. So the American worker gets almost twice as much investment in tools, technology and machines as is Canadian competitor. So how is the Canadian factory going to compete with its American counterpart?
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thank you very much everyone for having
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me here at Pro Plastics an incredible
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company that Ed and Steve have built
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employing uh hundreds of people in the
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plastics sector you might not think
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about plastics very often but this these
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products that they have literally
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protect metal medical equipments they
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keep hospital bedding clean so you don't
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get an infection if you're when you're
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lying in bed at the hospital god forbid
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they preserve the foods that are
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necessary for our very survival these
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are the kinds of businesses that often
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don't get enough notice but who make our
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lives possible and enjoyable and um
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they've been in business for 40 years
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and um we're very blessed to have
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businesses like this even though after
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the last liberal decade they have been
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under attack by higher taxes more red
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tape blocking their operations and an
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existential threat in the form of the
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plastics ban which will drive up the
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cost of of food
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of clothing and other essentials of life
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that require plastic wrapping and
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protection everything will become more
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expensive if this latest radical liberal
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policy is allowed to go ahead uh after
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the the the lost liberal decade with our
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economy down under America's thumb and
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costs and crime up we cannot allow them
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to have a fourth term we need a change
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with a Canada first Conservative
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government that will ax taxes build
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homes unleash our resources and bring
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home the billions of dollars that have
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been lost so that we have the economic
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strength to stand up to the
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Americans now we know that um that that
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takes a team and we have an incredible
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team here i want to thank the great
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Melissa Lanceman our deputy leader and
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uh a champion across all the GTA and all
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of Canada we have Anna Roberts BJ Powell
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Roman Bab Don Patel and Michael
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Googlamin they want to work to put the
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country first but of course we have a
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lot of work to do to reverse the lost
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liberal decade over the last 10 years
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and three terms of Liberals in power mo
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much of it with m with Mark Carney as
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chief economic adviser to Justin Trudeau
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we have had Canada's had the worst
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economic growth in the G7 we're now
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projected to have the worst economic
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growth for the next 10 years and 30
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years in all of the
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OECD $460 billion more has left Canada
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for the US than has returned that's
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Canadian investment dollars building
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American pipelines American mines
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American office towers and paying
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American paychecks i want to bring that
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money home us GDP per person has been
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18% over the last decade in Canada it's
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been 1.4% not per year over the whole
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decade in other words there's been no
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economic growth in south of the border
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their growth has been 14 times higher
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canadian workers are
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better and yet they make less about
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$20,000 less per year compared to their
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American counterparts now why is this
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well the answer is they get less
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investment if you take the total
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investment in the entire American
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economy divide it by the number of
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workers it's about
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28,000 per worker in Canada it's 15,000
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so the American worker gets almost twice
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as much investment in tools technology
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and machines as his Canadian competitor
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so how is the Canadian factory going to
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compete with its American
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counterpart when the US one is adding
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tools and technology twice as fast it's
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just not possible and we're falling
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behind as a result our wages are down
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our people cannot pay their bills and we
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are more dependent on the Americans than
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ever before one of the reasons is our
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very high capital gains tax which
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punishes people for selling an old
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investment and reinvesting in a new one
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so imagine you have you're a factory
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with a vacant piece of
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land you want to sell it to a home
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builder who's going to provide houses to
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families and then reinvest the proceeds
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in expanding your factory everybody wins
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right more homes for our youth more
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production from the factory more people
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working which means more taxes going to
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the government but you can't do that
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because you'd be hit with a massive
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capital gains tax on the sale of that
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land so you don't the transaction never
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happens the factory never gets expanded
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the homes never get built and by the way
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the government which is trying to tax
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revenue out of the the economy ends up
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getting less because there's no
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transaction to tax so in irony everybody
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loses more and more businesses just look
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abroad they send their money out of
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Canada and they they're rewarded for
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doing so look at Mark Carney he moved
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his uh one of his funds to Bermuda to
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dodge Canadian taxes he moved his
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company headquarters to New York he has
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uh he's growing his assets in China all
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so he can avoid paying the Canadian
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taxes that he and the Liberals want to
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impose on everyone else all while he
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hides these continuing conflicts of
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interest from the the sight of Canadians
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now he will say all the right things in
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the 30 days leading up to the election
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but you cannot believe him just this
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week he was caught having plagiarized
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his way through university 10 confirmed
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documented examples of plagiarism which
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proves that he will do anything and he
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will say anything to trick people into
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getting him what he wants well what we
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want by contrast is to put Canada first
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and that is why I am announcing today
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the Canada first reinvestment tax cut no
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capital gains when you reinvest the
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money here in Canada what do you think
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you agree with that
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so so let's go back to my example the
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factory sells the land to the home
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builder the home builder builds the home
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the factory takes the money and
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reinvests it immediately in an expansion
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hiring more workers adding more machines
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creating more jobs and helping us to
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become more independent 100% of their
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sale proceeds will go back into that
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reinvested factory which means they'll
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be able to grow more and faster or think
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of companies that have invested abroad
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this would allow them to sell those
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foreign investments and bring it home
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tax-free think of a retiring Delhi owner
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who sells his deli and he wants to put
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the money to work in a safer and more
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secure less active investment in the
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Canadian stock market money that will
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then flow into companies that hire
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workers in this country well he will be
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able to do that at the end of the day
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this will mean more investment this will
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be like economic rocket fuel for Canada
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to put us in liftoff we will soar above
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the Americans we will reverse the decade
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the lost liberal decade and make this
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country boom the Americans will see the
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investment pouring back over the border
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into Canada and it will allow us to
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build the infrastructure we need
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pipelines mines factories
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uh export terminals that will get our
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goods overseas going around the
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Americans making us more independent and
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helping build that economic fortress so
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that never again do the Americans have
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us in such a weak position as the
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Liberals have put us after the lost
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liberal decade
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it will allow more home building you
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think of a small family that invests in
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uh a few rental properties they decide
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to sell those five or six properties and
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reinvest them into build 10 more well
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they would be able to roll that money
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right in 100% tax deferred to build the
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homes of the future it'll allow you
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small businesses to sell an old tired
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asset and reinvest it in inventing new
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technologies that will make our economy
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break through it will mean more mines
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more pipelines more factories more data
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centers more housing more paychecks more
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economic independence in other woods
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putting Canada first for a change we
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will also preserve the existing lifetime
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capital gains exemption for small
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business owners and farmers who will
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benefit from this deter deferral on top
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of their existing exemption speaking of
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farmers many of them will be able to
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sell assets to expand their farms or a
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retiring farmer might be sell his farm
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and use the money to invest in a
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Canadian business there will also be a
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very interesting new dynamic when
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somebody sells an asset in Canada today
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there is literally no extra incentive to
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reinvest it in Canada it is just as
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advantageous from a tax point of view
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today under the Liberal regime to take
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the money abroad where it can get a
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lower taxed after uh return later on
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however with the Canada First
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reinvestment tax
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cut it is only available when you
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reinvest in this country so there will
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be you'll be able to invest a third more
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of your proceeds if you keep it here
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than you would if you send it abroad
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this will cause an economic boom that
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will give us the economic fortress we
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need there's no way the Liberals will
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allow these kinds of policies to go
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ahead it is the same Liberal ministers
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the same Liberal MPs the same Liberal
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strategists and the same Liberal
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promises that they have been breaking
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for the last 10 years the only
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difference is they have an even weaker
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and more compromised leader than ever
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before under Mark Carney a Liberal
10:09
fourth term will be more of the same you
10:12
vote the same you get the same mr carney
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has not only said that he wants to keep
10:17
in place the plastics ban the cap on
10:21
Canadian energy
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C69 and the big industrial carbon tax
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that will drive our businesses abroad he
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has doubled down on the radical net zero
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policies of Justin Trudeau we know that
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there the next four years will be worse
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than the last 10 if the Liberals are
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given yet another mandate in power he
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will lie and deny he will exaggerate
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what he will exaggerate he will twist he
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will try to avoid accountability for the
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liberal record but we have to have a
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change in this country we need a new
10:56
Conservative government that will reward
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work cut taxes build homes unleash our
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resources greenlight LG plants mines
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pipelines and other major economic
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infrastructure repeal C69 get rid of the
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energy cap unleash production we will be
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a nation that rewards drivers builders
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entrepreneurs and workers an economic
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fortress that will allow us to be
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stronger self-reliant stand on our own
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two feet and stand up to Donald Trump we
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know that Mr trump wants to keep the
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Liberals in power because they will be
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weak and he will be able to dominate but
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we're not going to allow that canadians
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are going to take back control of their
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economic destiny the last 10 years were
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about the Liberals the next 10 years
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need to be about you it's time to
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reinvest rebuild and recharge our
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country for a change it's time to put
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Canada's workers first for a change it
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is time to bring home our money and jobs
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for a change it is time to restore the
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Canadian promise for a change a promise
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that hard work gets you a great life in
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a beautiful house on a safe street under
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a proud flag canada first for a change
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thank you very much
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