2024-04-17 02:18:39
Canada's 2024 federal budget announces an increase of the INCLUSION RATE for capital gains from 50% to 66.7%, not the tax rate, which remains unchanged. An inclusion rate differs from a tax rate. For comparison, in the US, the inclusion rate for taxable capital gains is 100%. [Link] NEEDS_MORE_RATINGS(12-2-10) Author
2024-04-17 03:41:32
No note needed. Post clearly identifies that the inclusion rate is increasing and not the tax rate itself. Poster also provides a screenshot directly from the government budget [Link] NEEDS_MORE_RATINGS(7-0-2) Author
2024-04-17 11:37:55
It's a progressive taxation on capital gains which only triggers for capital gains above 250k. More details with examples on how it is calculated and sections that will be impacted are here - [Link] NEEDS_MORE_RATINGS(3-0-4) Author