Birdwatch Note Rating
2024-05-14 06:12:13 UTC - HELPFUL
Rated by Participant: 3FA9A74BD5941CBBC7F80A2EA7163D750952E6F655531AE633DB7D281E48FE2A
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
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