TLDR

Trade War. What Is It Good For?

Jan 15, 2025

Discover the chaos of Canada's tax system as proposed laws spark confusion for many Canadians. Delve into the brewing trade war with the U.S., exploring the potential economic fallout and how it could unravel industries. Gain insight into the volatile quantum computing market, where investors have taken hits, and learn about the speculative nature of cutting-edge tech investments. Finally, unravel the complexities of trade policies and their implications for local industries while pondering Canada's unique position in North American trade.

22:15

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Quick takeaways

The uncertainty surrounding Canada's proposed capital gains tax increases has left business owners and taxpayers confused about their financial obligations.

A potential trade war between Canada and the U.S. could lead to severe economic repercussions, including significant job losses and increased consumer prices.

Deep dives

Tax Uncertainty and the CRA

During the current tax season in Canada, uncertainty looms due to a proposed capital gains tax increase amidst a temporarily shut down Parliament. The Canada Revenue Agency (CRA) is already applying the higher inclusion rates of the proposed tax law, causing confusion for business owners and taxpayers who are unsure how much they will ultimately owe. For instance, a business owner selling a restaurant might face drastically different tax obligations under the new rules, creating anxiety about potential audits or penalties for miscalculating taxes. Tax experts advise paying the CRA as if the new tax law will pass to avoid fines, leading to a situation where individuals may feel they are lending money to the government without clear resolution on the law's status.

Intro

2min

Navigating Canada's Tax Maze

6min

The Quantum Tax: Navigating Complexity

5min

The Speculative Nature of Quantum Computing and AI Investments

2min

Tariff Battles: Canada vs. U.S.

5min

The Complexities of Trade Policies and Economic Unions

3min

With Parliament prorogued, there's a lot that's up in the air — including how much money some of us owe in taxes. On this week's TLDR, we break down the CRA rule that's throwing some Canadians' finances into question. Plus, with the trade war drum beating ever-louder, we look at the ways a conflict between Canada and the U.S. could play out. And, how recent investors in quantum computing lost money — and what it teaches us about the dos and don'ts of disruptive investing.

This episode was hosted by Devin Friedman, business reporter Sarah Rieger, former hedgefunder Matthew Karasz and former business news anchor Amber Kanwar. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldr

The TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.

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