Birdwatch Note Rating
2024-04-17 02:32:53 UTC - HELPFUL
Rated by Participant: 26D3DBCEDE6359095FC0CD1A0CDD9FA527A8CE1085D638F15D28C96630E7BC9A
Participant Details
Original Note:
Canada's 2024 federal budget announces an increase of the INCLUSION RATE for capital gains from 50% to 66.7%, not the tax rate, which remains unchanged. An inclusion rate differs from a tax rate. For comparison, in the US, the inclusion rate for taxable capital gains is 100%. https://www.bnnbloomberg.ca/ottawa-moves-to-raise-inclusion-rate-on-capital-gains-taxes-in-2024-budget-1.2059842
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