Birdwatch Archive

Birdwatch Note Rating

2024-04-16 23:54:51 UTC - HELPFUL

Rated by Participant: AD9BB7ACC5CC5BF9DC28F809DFFFC40A0D4616BF4E7B9C8320454DABE9F93743
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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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