Birdwatch Note Rating
2024-05-16 00:59:07 UTC - NOT_HELPFUL
Rated by Participant: A63DCF257243BF68AAA6E723134B717760D991E5F0277EBAA27008C350B44A1C
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