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Canada now has to pay 66% Capital Gains tax on anything over $250,000
| Arousing wrinkle orchestra pit | 05/13/24 |
| Turquoise school | 05/13/24 |
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Date: May 13th, 2024 2:57 PM Author: Arousing wrinkle orchestra pit (http://www.autoadmit.com/thread.php?thread_id=5528113&forum_id=2...id#47658200) |
Date: May 13th, 2024 3:08 PM Author: Turquoise school 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%. (http://www.autoadmit.com/thread.php?thread_id=5528113&forum_id=2...id#47658241) |