Birdwatch Note Rating
2024-06-12 15:12:53 UTC - HELPFUL
Rated by Participant: 16F50C00DE8655006F20B0C72E5488A1E333EF968A80EA03E7C16C433453DD24
Participant Details
Original Note:
The increased inclusion rate affects 100% of corporations and most trusts. The $250k threshold applies only to individuals, and capital gain hit people different in different years, meaning the tax will hit different people each year. The 0.14% add up to different people. https://www.canada.ca/en/department-finance/news/2024/06/fair-and-predictable-capital-gains-taxation.html https://www.ey.com/en_ca/tax/tax-alerts/2024/tax-alert-2024-no-28 https://rsmcanada.com/insights/tax-alerts/2024/new-legislation-increasing-capital-gains-inclusion-rate-canada.html
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