Birdwatch Note Rating
2024-05-14 16:54:23 UTC - HELPFUL
Rated by Participant: B78D9503A42AC89C9E7A0B545BF7F1C8F2A3A1C9CAD270B89E61C6078D5BEC12
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