Comments on: Cash-for-Clunkers Program Coming to Canada? http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jim http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-211240 Jim Thu, 18 Feb 2010 07:49:44 +0000 http://www.canadiancapitalist.com/?p=2649#comment-211240 If our government was interested in reducing carbon emissions, it should focus on getting old vehicles off the road and not offering up incentives with public money to assist people who can afford to purchase new vehicles. I would like to see fewer vehicles on the road, not newer. They should be increasing the incentive from $300 to $3000 and stop subsidizing auto manufacturers who are offering up ridiculous discounts for new vehicle purchases. If our government was interested in reducing carbon emissions, it should focus on getting old vehicles off the road and not offering up incentives with public money to assist people who can afford to purchase new vehicles. I would like to see fewer vehicles on the road, not newer. They should be increasing the incentive from $300 to $3000 and stop subsidizing auto manufacturers who are offering up ridiculous discounts for new vehicle purchases.

]]> By: The Retire Your Ride Program | Canadian Capitalist http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-200253 The Retire Your Ride Program | Canadian Capitalist Tue, 15 Sep 2009 02:11:30 +0000 http://www.canadiancapitalist.com/?p=2649#comment-200253 [...] 14th, 2009 · No Comments The Federal Government has decided against implementing a cash-for-clunkers program in Canada because car manufacturers were not willing to settle for anything that offered less than a $3,000 [...] [...] 14th, 2009 · No Comments The Federal Government has decided against implementing a cash-for-clunkers program in Canada because car manufacturers were not willing to settle for anything that offered less than a $3,000 [...]

]]> By: Dave http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-198335 Dave Wed, 19 Aug 2009 17:57:55 +0000 http://www.canadiancapitalist.com/?p=2649#comment-198335 Perhaps the incentive could be no tax on a vehicle no older than 3 years and the first year of insurance free when trading in an 10 yr or older vehicle. Perhaps the incentive could be no tax on a vehicle no older than 3 years and the first year of insurance free when trading in an 10 yr or older vehicle.

]]> By: Dave Ohri http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-197913 Dave Ohri Sat, 15 Aug 2009 03:42:31 +0000 http://www.canadiancapitalist.com/?p=2649#comment-197913 We must have this program for clunkers. After buying new vehicle Govt gets most of the rebate back in taxes any way and keeps the oil leaking and unsafe vehicles off the road. This program elligibility should include any new vehicle purchased between Jan 1 to Dec 31, 2009. The old vehicle should be atleaset 12 years old. Everyone wins. Autosector keeps people employed and reduces EI burden and keeps mony flow in the system. Recession? What recession. We can reduce the financial impact only if our politicians can get their gears in motion. We must have this program for clunkers. After buying new vehicle Govt gets most of the rebate back in taxes any way and keeps the oil leaking and unsafe vehicles off the road. This program elligibility should include any new vehicle purchased between Jan 1 to Dec 31, 2009. The old vehicle should be atleaset 12 years old. Everyone wins. Autosector keeps people employed and reduces EI burden and keeps mony flow in the system. Recession? What recession. We can reduce the financial impact only if our politicians can get their gears in motion.

]]> By: Wolf http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-197877 Wolf Fri, 14 Aug 2009 17:44:40 +0000 http://www.canadiancapitalist.com/?p=2649#comment-197877 Everyone who thinks this would put a huge increase in the deficit is missing the big picture. Unlike in the US, most of the rebate that is given in this would be redeemed in sales taxes. For example, a $4500 rebate would get back $3250 of it in HST in the maritime provinces, on the purchase of a $25000 car. Thus it is only effectively $1250 of an actual rebate, not $4500. It is a good idea. It gets older vehicles off the road, provides a boost to auto sector, and saves people money on gas when in the future it goes to $2 a liter (and it will, without government intervention). Fuel taxes are a bad idea. They won't stop pollution, they will just bankrupt people that HAVE to drive. Not everyone lives in a huge metro area with a great mass transit system. People in Toronto and Winnipeg will never understand the lives of everyone else in Canada. Everyone who thinks this would put a huge increase in the deficit is missing the big picture. Unlike in the US, most of the rebate that is given in this would be redeemed in sales taxes. For example, a $4500 rebate would get back $3250 of it in HST in the maritime provinces, on the purchase of a $25000 car. Thus it is only effectively $1250 of an actual rebate, not $4500.

It is a good idea. It gets older vehicles off the road, provides a boost to auto sector, and saves people money on gas when in the future it goes to $2 a liter (and it will, without government intervention).

Fuel taxes are a bad idea. They won’t stop pollution, they will just bankrupt people that HAVE to drive. Not everyone lives in a huge metro area with a great mass transit system. People in Toronto and Winnipeg will never understand the lives of everyone else in Canada.

]]> By: Stephanie http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-196305 Stephanie Thu, 23 Jul 2009 17:32:47 +0000 http://www.canadiancapitalist.com/?p=2649#comment-196305 Rather than spending all that money on subsidies and giving them to car owners, the government should take that money and SERIOUSLY IMPROVE public transit. If they extended the skytain/subways, the people would actually use them because they could get to and from work faster and cheaper, and it is better for the environment. Rather than spending all that money on subsidies and giving them to car owners, the government should take that money and SERIOUSLY IMPROVE public transit. If they extended the skytain/subways, the people would actually use them because they could get to and from work faster and cheaper, and it is better for the environment.

]]> By: Andrew http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-195468 Andrew Sun, 12 Jul 2009 18:10:26 +0000 http://www.canadiancapitalist.com/?p=2649#comment-195468 I too am in a position to take advantage of this rebate if the government does offer it. However I do think it is a giant waste of government money at a time when the fiscal deficit is already large enough. As Canadian Capitalist points out about all it is doing is transferring future demand to current demand. In my opinion this will not make the car companies any better off. The only result is that Canadians will pay higher taxes in the future to offset the increased budget deficit. My 2 cents I too am in a position to take advantage of this rebate if the government does offer it. However I do think it is a giant waste of government money at a time when the fiscal deficit is already large enough.

As Canadian Capitalist points out about all it is doing is transferring future demand to current demand. In my opinion this will not make the car companies any better off. The only result is that Canadians will pay higher taxes in the future to offset the increased budget deficit.

My 2 cents

]]> By: Canadian Personal Finance Blog » Blog Archive » Unemployment Numbers up a Little http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-195338 Canadian Personal Finance Blog » Blog Archive » Unemployment Numbers up a Little Fri, 10 Jul 2009 11:10:42 +0000 http://www.canadiancapitalist.com/?p=2649#comment-195338 [...] Canadian Capitalist asks is Cash For Clunkers Coming to Canada? Is it a wise thing for the government to delve [...] [...] Canadian Capitalist asks is Cash For Clunkers Coming to Canada? Is it a wise thing for the government to delve [...]

]]> By: Weekly Review-Welcome Globe and Mail Readers Edition | Financial Highway http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-195328 Weekly Review-Welcome Globe and Mail Readers Edition | Financial Highway Fri, 10 Jul 2009 08:04:25 +0000 http://www.canadiancapitalist.com/?p=2649#comment-195328 [...] Canadian Capitalist has a great discussion going; Cash-for-Clunkers Program coming to Canada. [...] [...] Canadian Capitalist has a great discussion going; Cash-for-Clunkers Program coming to Canada. [...]

]]> By: Bemerson http://www.canadiancapitalist.com/cash-for-clunkers-program-coming-to-canada/#comment-195293 Bemerson Thu, 09 Jul 2009 21:12:41 +0000 http://www.canadiancapitalist.com/?p=2649#comment-195293 @sid – Yes, that would make more sense. However, they want people to actually take advantage of this program. I’m out in the suburbs (GTA), and you couldn’t PAY me to take public transit. Too unreliable, too slow, and too inflexible. Public transit is for dense cities or commuting to work. Not for getting kids to daycare, shopping, visiting friends, etc (at least not in the suburbs). @sid – Yes, that would make more sense. However, they want people to actually take advantage of this program. I’m out in the suburbs (GTA), and you couldn’t PAY me to take public transit. Too unreliable, too slow, and too inflexible. Public transit is for dense cities or commuting to work. Not for getting kids to daycare, shopping, visiting friends, etc (at least not in the suburbs).

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