2024-04-18 03:02:39
It is unlikely that any of the those considered middle class will be affected, it is calculated that 0.1 per cent of Canadians will be affected by the tax change this year. (only 40,000 people) In-order to be affected, you would need to make a capital GAIN of over $250,000. [Link] NEEDS_MORE_RATINGS(16-1-2) Author
2024-04-18 03:32:21
NNN - It is silly to say that it’s unlikely that middle class Canadians won’t be affected when all it would take to realise a $250,000 capital gain is to sell a house that someone has owned for a number of years. NEEDS_MORE_RATINGS(0-0-18) Author
2024-04-18 11:50:42
Middle class Canadians will NOT be impacted by the Federal budget decision to increase taxes on earners of $400k + See link with breakdown province by province on individual earning. The Globe & Mail is intentionally misleading the reader. [Link] NEEDS_MORE_RATINGS(13-0-5) Author
2024-04-18 12:56:20
The proposed rationale for why no note is need is wrong. Principal residences are exempt from capital gains taxation and no tax is applied to the first $1.25 million in lifetime capital gains. [Link] NEEDS_MORE_RATINGS(16-1-2) Author