Whitecap Resources Inc T.WCP

Capital gain tax increases

[Seppelt]

""As of June 25, 2024, the capital gains inclusion rate—the amount of capital gains that are taxable—will increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts.""

I met a banker at a BD party yesterday. He said that recently there was a lot selling by people who had accumulated large capital gains. 
Many conservative investors, including doctors and other professionals, who normally buy and hold, have been advised to sell now to minimize all their future capital gains taxes.
Company insiders may have also sold all or a portion of their options. 

Whatever he said, makes a lot of sense. Many retail investors who understand taxes have easily figured it out without any special advice. Even if the gains are less than $250K, don't let them to accumulate. Sell now.

[baranja]

Idiotic advice. . his adivice is: do not make $250K per year and pay taxes but sell and make Zero per year, but hey, you will not pay any tax. My god so many idiots are pretending to be experts.

[Seppelt]

You are plain tuppid... end of conversation.