Karora Resources Inc T.KRR

Canadian minority

[REPS346]

....liberal government has chosen to increase the capital gains tax by 36%, in turn hindering new investment into Canadian comapanirs...with all due respect to them that should give there heads a shake and rethink that move and reverse that decision to a 10% reduction which would do exactly what  they are trying to accomplish which is bring more individuals into buying Canadian stock listed companies & adding tax dollars into federal coffers for our future sending on essential services ie...roads health care military armament etc... all the best to all... spread this disappointing decision around and let's get this changed

[fakmiz]

I agrre with you REPS346. But that would take brains to understand and we all know that Trudeau and Freeland lack brains. All they know is spend, spend, spend, give away taxpayers money and tax, tax, tax.

[Rainman01]

That is why if you have a tfsa or rrsp trading account the are tax free sort of .

[Pandora]

The RRSP/RIF is not really tax free. It does not have tax applied when you make trades but whenever you wish to withdraw money it is taxed at the applicable rate at the time. You are right in the fact that a capital gains increase will not affect your gains at the time but who knows what they might do over the time when you wish to withdraw it. If they can scheme another tax plan they might do it.

[Rainman01]

I would agree with you on that until they are voted out of power we will never have a stable economy or meaningful investment in Canada other than government cutting huge checks to corporations and tax incentives to lure in big companies. I can't wait until the Liberals are gone.