Birdwatch Note Rating
2024-05-13 12:40:10 UTC - HELPFUL
Rated by Participant: 2EE52DD1085F18948B49C1266108E142135F83E2C64DF3DEF542587320EB9F01
Participant Details
Original Note:
The 66% refers to a proportion and not the tax rate per se. Up until the first $250,000 in capital gains, you pay taxes on 50% of these. For any capital gains above $250,000 you pay taxes on 66% of these. Capital gains is taxed at a rate of 27% https://www.moneysense.ca/save/taxes/capital-gains-tax-explained/
All Note Details