Birdwatch Note Rating
2024-05-15 00:06:16 UTC - HELPFUL
Rated by Participant: A16E02148DCF467F77AD7913C59849805EF2B52ABE85EC6508415A2785965788
Participant Details
Original Note:
The post claims that Gains over 250K would attract CGT at 66%. That is false. Gains over 250K would attract a tax of 26.8% on 2/3 of the total - an actual tax rate closer to 18%. The claimed 66% is wrong and probably deliberately misleading. https://www.td.com/ca/en/investing/direct-investing/articles/capital-gains-tax
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