Birdwatch Note Rating
2024-06-20 22:30:29 UTC - HELPFUL
Rated by Participant: 5E2A50E3F397FCB0C7853B3B031260B6679F851D4D5356D8AD0066D8A860C207
Participant Details
Original Note:
This statement is false. Canada has progressive income tax rates - marginal tax rates are higher for higher income earners. Any conversation on capital gains earnings must factor in the tax already paid on income that was invested as capital. https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html
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