Birdwatch Note Rating
2024-05-16 16:18:45 UTC - HELPFUL
Rated by Participant: 39A32E7FB8580676AC91211CE88FD2241E0E25E34A7362D989FF0FBDAB728B05
Participant Details
Original Note:
Under the proposed new federal plan, the inclusion rate will increase from 50% to 67% for those with gains >$250,000. The rate at which the gains are taxed is still 27%. For example, for $300,000 in gains, $200,000 would be taxed at a rate of 27%, so $54,000 of tax. https://www.moneysense.ca/save/taxes/capital-gains-tax-explained/#:~:text=Only%2050%25%20of%20a%20capital,27%25%20in%20capital%20gains%20tax.
All Note Details