Birdwatch Note Rating
2024-05-14 18:32:36 UTC - HELPFUL
Rated by Participant: F3934CA2DCCBC42BF79C381BDE0078CC0B509D1B92F79E38E479852BCCD0C36F
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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