Birdwatch Note Rating
2024-05-13 11:31:41 UTC - HELPFUL
Rated by Participant: 98C43B82E8099281AA55060130CBB284F517EDF7CF6298BDA0608A5B1C3D49F4
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