Birdwatch Note Rating
2024-05-16 01:23:56 UTC - HELPFUL
Rated by Participant: D11DDCC3C390101A4657D35415A5B43FADE4920B3B3105A7339E98C1A2B9285E
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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