Birdwatch Note Rating
2024-04-16 22:56:12 UTC - HELPFUL
Rated by Participant: 39A32E7FB8580676AC91211CE88FD2241E0E25E34A7362D989FF0FBDAB728B05
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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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