Birdwatch Note Rating
2024-05-13 12:07:03 UTC - NOT_HELPFUL
Rated by Participant: B8FF4CF8E928EECC0AE180C2E38E29A3ED71EE4CFB60B979AD0D25EFA0A2F162
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