Building @readthepeak. Toronto sports fan.

Toronto, ON.
Joined January 2007
Zohran Mamdani is being heckled right now at a press conference in Brooklyn, NY, by someone whose words I can't hear, but watch how he's dealing with it. Mamdani has the unique skill of knowing how to handle and walk into every room and engage with people, no matter how toxic they are or how their feelings are against him. And many times, make them feel heard. Elected officials, nonprofit and religious leaders, advocates, and activists on both sides of the political spectrum who met with him told me that. Don't take my word for it, President Trump is pretty public about it. That's why he's currently the mayor of New York City. If you don't like his politics or you're like me, who opposed his candidacy and is still troubled by some of his actions and statements, then don't take this post the wrong way; read into it how you should be better to communicate your message. Yes, putting ego aside for any public figure is not easy.
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Big things coming
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You could chose your leftism to be identified with A) Build tons of cool fast trains and airports and affordable homes or B) Use a lot of weird words no one understands and ABOLISH COPS and 'eating bananas is actually colonialism.' One of the above works
Claudia Sheinbaum says Mexico's "neoliberal period" is over, announcing a slew of new public works. Continuing AMLO's Fourth Transformation, Mexico is building passenger rail, highways, airports, 200K+ affordable homes, and more.
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Brett Chang retweeted
Dan Campbell isn’t quitting. Love this
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Brett Chang retweeted
This dropped hearing aid prices by 90%+. Countless people who couldn’t afford hearing aids can hear now. Biden has done a ton of stuff like this. Don’t listen to the doomposters who tell you it doesn’t matter who’s in office. It does.
This Apple hearing aid feature exists because the government broke a hearing aid cartel with an FDA rule whitehouse.gov/briefing-room…
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Not really a milestone, but a staggering statistic: @Bruce_Power, the most productive thermal power plant on earth, has now produced, as of the end of 2023, 1,564.6TWh of electricity. It was the first plant to hit 1PWh, ahead of Gravelines in France, and once uprated to over 7,000MW, will be even more productive, not to mention the potential addition of up to 4,800MW of capacity at Bruce C, pushing it over 11,000MW nameplate, making it the largest thermal plant ever constructed.
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Brett Chang retweeted
A few days ago at a @betakit conference I spoke on the on the 🇨🇦 government's proposed changes to the capital gains inclusion rate. Afterwards, a # of people approached me asking for more clarification on my views. Here we go...
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Always great to hear @DSkilleter on Free Lunch!
I was happy to go on the @readthepeak's podcast, Free Lunch, to talk about my new report 'Billionaire Blindspot' socialcapitalpartners.ca/scp…
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damn good thing they'll have all the proceeds from that **second home** to fall back on
It turns out 10% of CDN families own 2nd homes. That's over 1 million families. When you die, that non-principal residence is "deemed" to have been sold at fair market value and you get taxed on the gain. So the new cap gains rate probably affects >10% of families. See link
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Wow wild how all the entrepreneurs in California are taking base hits over big swings because the capital gains tax rate.
people keep posting that capital gains in Canada are now 67% Nope. Cap Gains are now taxed at 67% OF YOUR TAX RATE (beyond $250k), up from 50% Depends on where you live and how much you make but in most cases you will pay less capital gains in Canada than in California.
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Anyone critiquing the new capital gains tax rates should take a look at the lifetime capital gains exemption... Hysteria over a policy that will exclusively impact the 0.01% of richest Canadians.
This quoted post is unavailable.
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The new @Forbes 2024 World Billionaire list just dropped and Canada has 67 families on the list. Our new @SocialCP report, 'Billionaire Blindspot' helps explain why - sadly - none of them will be captured by StatsCan in their wealth survey. Read here!👇 socialcapitalpartners.ca/scp…
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Massive news out of today's FES for employee-ownership. With the addition of tax incentives announced today, the government now has a package that will meaningfully shift ownership of companies to Canadian workers.
Replying to @cafreeland
@cafreeland's Fall Economic Statement marks a watershed moment for employee ownership in Canada. Starting in Jan 2024, a new made-in-Canada Employee Ownership Trust will help workers across the country build wealth and keep jobs in local communities.
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Very well said
The two metrics that governments are ignoring at their own peril: 1. Upward mobility 2. Rates of food bank usage People feel the social contract is breaking. No amount of touting GDP/FDI growth matters while those two are getting worse. www150.statcan.gc.ca/n1/pub/…
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Brett Chang retweeted
I’m proud to share some BIG NEWS for Canadian businesses: Float now offers 4% interest on your Float C$ and US$ cash balances from the first dollar. 🧵
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Toronto - Olivia Chow Approval Polling: Approve: 41% Disapprove: 17% Neutral/Unsure: 41% Pluriel Research / October 16, 2023 / n=675 / Online - Follow @Plurielresearch For More Polling - plurielresearch.com/toronto-…
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Pleased to support my friend @gabederoche as an investor and partner in his new research firm @plurielresearch. tl;dr Pluriel is the fastest, most cost-effective way to get a pulse on what Canadians think. I'll be sharing Gabe's insights and thrilled to support him.
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