Birdwatch Note Rating
2024-05-13 15:44:12 UTC - HELPFUL
Rated by Participant: 78E519A56DA00095BE4AF07BF917A01371A8F0AC7CF53F632ADB0D9BDE85BADC
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