Birdwatch Archive

Birdwatch Note Rating

2024-04-16 22:44:50 UTC - HELPFUL

Rated by Participant: 2E8A63B5A4E9BF8B7E2E3BF3CA53807C872FB1C10F1CE3A27EAA73EEFAFF4C7F
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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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