Birdwatch Note Rating
2024-04-17 01:52:03 UTC - HELPFUL
Rated by Participant: ACA5CDE5F9E9C0CFDFDAE31248416B48A9A0D3F2C3A2958052A71B4A86025FB6
Participant Details
Original Note:
Increasing the capital gain inclusion rate from 1/2 to 2/3 doesn't mean the tax rate itself is 66%; it means that 2/3 of the capital gain is subject to tax, not that the tax rate on the entire gain is 66%. It is also worth nothing that the inclusion rate was 75% in the 90s. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/you-calculate-your-capital-gain-loss/inclusion-rates-previous-years.html
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