Birdwatch Note Rating
2024-05-15 12:10:50 UTC - HELPFUL
Rated by Participant: B8C9E5E96041D009AE8F0FB77A18E3A2407E7E68E1ED8E83668A4227D0C691EF
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