Birdwatch Archive

Birdwatch Note Rating

2024-04-16 22:43:26 UTC - HELPFUL

Rated by Participant: BA4F3BF0A4CE0FA0177A238104B7E80ECBB1C1C5F9865A8D4E60A44CAC22731A
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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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