Why isn't the Turks and Caicos a province of Canada?

[bolt]

What has happened since 2014?

 

https://www.cbc.ca/news/politics/turks-and-caicos-visit-leads-to-talk-of-annexation-again-1.2654621

 

https://www.cbc.ca/news/politics/stow-that-dream-of-retiring-in-the-turks-and-caicos-for-now-1.2655837

 

With only a population of 40,000, how does it not make sense to make the Turks and Caicos the 11th province of Canada?  It's time for politicians to do actual meaningful work and make this happen.

 

 

The US has Hawaii, so why doesn't Canada have the Turks and Caicos?

 

 

 

Edited December 30, 2021 by bolt
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[fanfor42]

Absolutely agree.  Would be wonderful to have a Canadian sun destination to travel to during the next decade of uncertainty.

 

Trudeau has spent nearly 1B into the hole in the last 7 years with little to show for it.

 

Lets spend a little to secure this for Canadians.

 

 

[Dazzle]

23 minutes ago, fanfor42 said:

Absolutely agree.  Would be wonderful to have a Canadian sun destination to travel to during the next decade of uncertainty.

 

Trudeau has spent nearly 1B into the hole in the last 7 years with little to show for it.

 

Lets spend a little to secure this for Canadians.

 

 

It's really not that simple.

First, you have to offer all this country's privileges for a substantially small population who won't pay taxes to Canada. If I remember correctly, the country doesn't have taxes. This is problematic for revenue. Moreover, the logistics of setting up shop in two different areas make things almost impossible. It's basically a colony and Canada can't support the island adequately if it ever does get attacked, or if it has its territories encroached by others.

[NewbieCanuckFan]

1 hour ago, bolt said:

What has happened since 2014?

 

https://www.cbc.ca/news/politics/turks-and-caicos-visit-leads-to-talk-of-annexation-again-1.2654621

 

https://www.cbc.ca/news/politics/stow-that-dream-of-retiring-in-the-turks-and-caicos-for-now-1.2655837

 

With only a population of 40,000, how does it not make sense to make the Turks and Caicos the 11th province of Canada?  It's time for politicians to do actual meaningful work and make this happen.

 

 

The US has Hawaii, so why doesn't Canada have the Turks and Caicos?

 

 

 

The US has Hawaii I believe because they staged a coup to overthrow the monarchy there.

[Drive-By Body Pierce]

Politics.

 

It's always been a wonderful idea on the surface. But, unfortunately, the details don't seem like they will ever make that idea a reality.

[Battlemonger]

8 hours ago, bolt said:

What has happened since 2014?

 

https://www.cbc.ca/news/politics/turks-and-caicos-visit-leads-to-talk-of-annexation-again-1.2654621

 

https://www.cbc.ca/news/politics/stow-that-dream-of-retiring-in-the-turks-and-caicos-for-now-1.2655837

 

With only a population of 40,000, how does it not make sense to make the Turks and Caicos the 11th province of Canada?  It's time for politicians to do actual meaningful work and make this happen.

 

 

The US has Hawaii, so why doesn't Canada have the Turks and Caicos?

 

 

 

Canada already has many provinces and hundreds of nations for 40 million people. Don't need even more government.

[JM_]

Because Harper and Baird didn't want it. https://kitchener.ctvnews.ca/tropical-11th-province-turks-and-caicos-premier-not-closing-door-on-idea-1.1838837

[Canucks Curse]

9 hours ago, bolt said:

What has happened since 2014?

 

https://www.cbc.ca/news/politics/turks-and-caicos-visit-leads-to-talk-of-annexation-again-1.2654621

 

https://www.cbc.ca/news/politics/stow-that-dream-of-retiring-in-the-turks-and-caicos-for-now-1.2655837

 

With only a population of 40,000, how does it not make sense to make the Turks and Caicos the 11th province of Canada?  It's time for politicians to do actual meaningful work and make this happen.

 

 

The US has Hawaii, so why doesn't Canada have the Turks and Caicos?

 

 

 

I imagine it would immensely help both their and our economies...

[Dazzle]

44 minutes ago, Canucks Curse said:

I imagine it would immensely help both their and our economies...

Their primary means of economy is tourism. They have to export a ton of stuff over, kinda like Hawaii. The rich people want to avoid taxes, so they're not gonna help Canada there lol.

Edited December 30, 2021 by Dazzle

[King Heffy]

11 minutes ago, Dazzle said:

Their primary means of economy is tourism. They have to export a ton of stuff over, kinda like Hawaii. The rich people want to avoid taxes, so they're not gonna help Canada there lol.

We'd also see Canada's rich people and corporations use them as a tax loophole.

[JM_]

1 minute ago, King Heffy said:

We'd also see Canada's rich people and corporations use them as a tax loophole.

Is that a reason not to do it tho? those folks will find those anyway.

 

It didn't fit the Harper brand at the time. But I'm not sure its all that great of an opportunity either, kind of a colonial hangover.

[lmm]

10 hours ago, bolt said:

What has happened since 2014?

 

https://www.cbc.ca/news/politics/turks-and-caicos-visit-leads-to-talk-of-annexation-again-1.2654621

 

https://www.cbc.ca/news/politics/stow-that-dream-of-retiring-in-the-turks-and-caicos-for-now-1.2655837

 

With only a population of 40,000, how does it not make sense to make the Turks and Caicos the 11th province of Canada?  It's time for politicians to do actual meaningful work and make this happen.

 

 

The US has Hawaii, so why doesn't Canada have the Turks and Caicos?

 

 

 

in the middle of a pandemic, you are worried about buy a holiday isle?

 

which province do you rekkon would lead Canada immigration claims?

[bolt]

2 hours ago, Battlemonger said:

Canada already has many provinces and hundreds of nations for 40 million people. Don't need even more government.

Turks and Caicos only has a 40,000 population.  It's only a drop in the bucket compared to the 300,000-400,000 of new canadian immigrants every year. 

 

The cost benefit analysis of accepting 40,000 people which would also greatly benefit their lives and both country's  economy's should be a no brainer.

 

 

Edited December 30, 2021 by bolt

[DrJockitch]

I don't think comparing to the American's having Hawaii is a great comparable.   More like the American's having Puerto Rico, and they treat them like crap.

Now yes, we are not the American's.

I think someone did bring up that Turks and Caicos are one of the hot-spots for off shore backing and tax avoidance which is one of the best reasons we should consider something like this but also the reason would never happen.  How many billionaires wouldn't want their money to now be under Canadian banking and taxation rules, enough to form a powerful opposition of who the politicians actually listen too.

Edited December 30, 2021 by DrJockitch

[Dazzle]

7 minutes ago, bolt said:

Turks and Caicos only has a 40,000 population.  It's only a drop in the bucket compared to the 300,000-400,000 of new canadian immigrants every year. 

 

The cost benefit analysis of accepting 40,000 people which would also greatly benefit their lives and both country's  economy's should be a no brainer.

 

 

That's a lot of crap. The biggest draw to the island besides the climate is the bolded. IF we inherit the island, we spend more than we receive. And if you increase the taxes, even just by a little bit, there are other places in the world that are tax havens and have a good climate. So no, as much as I love a tropical island belonging to Canada, the finances just don't work.

 

https://www.visittci.com/life-and-business/taxes

 

There is no income tax, capital gains tax, property tax, inheritance tax, or corporation tax in the Turks and Caicos Islands. For individuals, the direct forms of taxation are mandatory contributions to National Insurance (NI) and the National Health Insurance Plan (NHIP). Indirect taxation is primarily the 37.5% duty on most imported items. Both National Insurance (NI) and the National Health Insurance Plan (NHIP) are independent of general government revenue and are meant to be self-sustaining. However, NHIP has received several government interventions of funds to maintain the integrity of the scheme.

There is no sales tax or VAT (value added tax), however nearly all goods are imported and there is a 37.5% tarrif on most goods.

Quick Summary of Direct Taxation

For an employee earning $5,000 per month, direct taxes would be $700 ($400 National Insurance and $300 Health Insurance). $380 of this would be payable by the employer, with the remainder payable by the employee.

For a self-employed person, direct taxation would be $501.60 ($250 Health Insurance and $251.60 National Insurance). This assumes an elected income at the highest rate of $3,700 per month. It is possible to self-elect the minimum monthly income of $900 (which would reduce future benefits). Every self-employed person also requires a business license, an annual fee which ranges from $150 to $7,500, depending on the type of occupation. For example, a taxi driver business license is $150 and a small architectural firm is $2,700.

Both of these figures above exclude work permit fees for those without a right-to-work in the islands. These work permit fees range from $150 to $9,500 (annually, 2020 figures), depending on occupation.

Understanding how the Government is Funded

NI and NHIP are not included in the budget figures or percentages in the table below, as the schemes are separate entities with independent finances. Data is based on the 2017-2018 TCI Government Budget recurrent revenue of $278,075,799. Customs duties (tariffs) are the primary source of revenue for the government, at 35% of total revenue. This is followed by the tourist-targeted Accommodation Tax, which accounts for 21% of revenue.

 

 

[Dazzle]

2 hours ago, JM_ said:

Because Harper and Baird didn't want it. https://kitchener.ctvnews.ca/tropical-11th-province-turks-and-caicos-premier-not-closing-door-on-idea-1.1838837

This is one of the few things that Harper did right. Imagine having a spoiled kid from overseas demanding citizenship, all the while being used to NO TAXATION.

 

Harper did A LOT of bad things, but taking on Turks and Caicos will NOT benefit Canada.

[Ghostsof1915]

We'd kill the Turks and Caicos tax structure. Meaning a lot of the residents there would move. You can have a province with no provincial tax. But there would be GST and income tax. So they'd never join us anyways. 

[Dazzle]

2 minutes ago, Ghostsof1915 said:

We'd kill the Turks and Caicos tax structure. Meaning a lot of the residents there would move. You can have a province with no provincial tax. But there would be GST and income tax. So they'd never join us anyways. 

There's not a whole lot going there, so Turks and Caico actually have more to gain from joining a bigger country like Canada to keep them afloat. They are living in a paradise there. Imagine our tax dollars going over to another part of the world that is TAX FREE. Would you adjust their tax structure to be in line with Canada?

 

If someone, like the OP, likes the place so much, just move there, or just travel for a bit.

Edited December 30, 2021 by Dazzle

[Ghostsof1915]

2 minutes ago, Dazzle said:

There's not a whole lot going there, so Turks and Caico actually have more to gain from joining a bigger country like Canada to keep them afloat. They are living in a paradise there. Imagine our tax dollars going over to another part of the world that is TAX FREE. Would you adjust their tax structure to be in line with Canada?

 

If someone, like the OP, likes the place so much, just move there, or just travel for a bit.

Could you imagine the uproar there would be if one Province didn't have to pay federal taxes and the others did? It would be a stipulation that they would have to pay Canadian corporate tax, income tax, and GST. That's why it won't work. Canada needs to look at Sweden/Finland. Nations that pay high taxes, but you get a lot of services and bang for the buck. 

[Gatzkek]

I wonder how anxious they'd be to join us? Give them souped up infrastructure and services (and whatever else they want) in exchange for our easy access warmness. I'm all for it!