Birdwatch Note Rating
2024-05-14 19:09:58 UTC - HELPFUL
Rated by Participant: 8F99EC9B3F637B84374573E8941C26138D490E29DCD18DD8CEFF0AA67B00C0E3
Participant Details
Original Note:
The 66% figure represents the *INCLUSION* rate for capital gains over $250k which is the amount of capital gains included in the overall income tax calculation for Canadians. Using the calculator linked shows a $300k capital gain could carry a tax rate of only 14.46%. https://wowa.ca/calculators/capital-gain-tax
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