Post by
UNKLAL on Apr 19, 2024 4:35pm
Capital gains
What is part of the new Canadian tax is in simple terms; the original capital gains tax was; if you made a dollar 50 cents of the dollar would be taxed at your personal tax rate. As of June 25th (all gains above 250k) are now taxed at 66.67 cents at your personal tax rate. A 33.33% tax increase on your capital gains personally!!! What I'm faced with is capital gains in a small business, that as of June 25th any and all capital gains will be taxed at 66.67%. Hope this helps!!! UNKLAL