Date: May 13th, 2024 3:08 PM Author: Cobalt national personal credit line
No, it's 66% "inclusion rate", which means that 66% of the capital gain is taxed at regular income tax rates, which top out at about 54% in Canada. So the high end capital gains tax rate will be 66% x 54% = 36%. Which is still one of the highest capital gains rates in the world but not 66%.