Senk

At this important moment for our country’s future, Canadians with a broad range of experience and perspectives are uniting to build Canada strong. I am honoured to welcome Marilyn Gladu today as the newest member of this government and our Liberal caucus. In a time of global economic uncertainty, Canada’s success will depend on how we build ambition into progress and strengths into sustained advantage. Marilyn brings the practical, results-driven leadership this effort demands. Having spent decades of her career in engineering and international business, she understands what it takes to create good jobs, strengthen supply chains, and ensure Canadian industry can compete in a rapidly changing global economy. She has been elected by the people of Sarnia—Lambton–Bkejwanong in four straight elections since 2015, and repeatedly earned recognition from colleagues across Parliament for her proven willingness to work constructively across party lines. I’m looking forward to working closely with Marilyn to build a stronger and more independent Canadian economy, meeting the challenges of a changing world with lasting opportunities for all.

🚨BREAKING: European Commission confirms its website was breached after a hacker said they stole more than 350GB of data. The hacker plans to publish it online.

🚨🇬🇧 BREAKING: UK may start rationing fuel due to Iran war. "Government will have to protect food supply, hospitals, schools, transport systems."

NEW: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work. Here is a more detailed example: Step 1. Starting position You own 500 shares. Value on Jan 1, 2028: €50,000 Value on Jan 1, 2029: €100,000 So the paper gain is: €100,000 − €50,000 = €50,000 unrealized profit You did not sell. But for tax purposes, that €50,000 is treated as income. Step 2. Apply exemption You are married, so you get a €3,600 exemption. €50,000 − €3,600 = €46,400 taxable amount Tax rate: 36% €46,400 × 36% = €16,704 tax bill That bill is due in May, even though you never sold anything. Step 3. Market falls before you pay Now suppose by May the shares drop in value. New total value: €60,000 So your portfolio is no longer worth €100,000. It’s worth €60,000. But the tax bill is still €16,704, because it was calculated based on the January 1 valuation. Step 4. You must sell shares to pay tax To raise €16,704, you sell part of your shares. After paying the tax, you’re left with: €60,000 − €16,704 = €43,296 Originally you had 500 shares. Now you have 360 shares left. You were forced to sell 140 shares. 140 ÷ 500 = 28% of your shares gone. Step 5. What happened economically? Before the correction: Paper gain was €50,000. After the correction: Portfolio is worth €60,000. Original cost basis was €50,000. Real gain is only €10,000. But you paid €16,704 in tax. So instead of being up €10,000, you are now: €43,296 − €50,000 = €6,704 below your original starting value. You turned a €10,000 real gain into a €6,704 net loss. And you lost 28% of your shares permanently.