Birdwatch Note Rating
2024-05-14 17:12:17 UTC - HELPFUL
Rated by Participant: A30C2EC5A67DA72F0AC0E1A8CEBD8072A65EE67ABDE2437E0930554BB19E95B6
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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