Birdwatch Note Rating
2024-05-14 06:46:47 UTC - HELPFUL
Rated by Participant: 37B529E7A9522C0097A6E95EC62D1E8669EC44199EF96E40F8A8AAF987E3A1EC
Participant Details
Original Note:
The inclusion rate is 66%, not the capital gains rate. In Canada, only a percentage of the capital gain is ‘included’ to be taxed with your income tax. The marginal capital gains rate after $250k is closer to 33%. 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/definitions-capital-gains.html#InclusionrateIR
All Note Details