Birdwatch Note Rating
2024-05-15 00:22:49 UTC - HELPFUL
Rated by Participant: CD12BCE7C5B96D531600696C4D4F48BFF407C90D9C745041BE8592A1EFD53406
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