Birdwatch Note Rating
2024-05-16 15:14:59 UTC - HELPFUL
Rated by Participant: B881091D7D0B2FCFA9846A3CD7915AC776554442B93B6FA2EE50364E36658A23
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