RE:RE:"Don't sweat the small stuff"
"Stupid post"?...You sound like you might be a financial advisor or tax lawyer.....;););)
I'll first say that I'm only dealing with the federal tax here. Provinces all have different tax brackets and tax rates. I also don't account for any possible expenses, deductions and various tax credits that will potentially lower both taxable income and tax owing...
An individual with an income of 246,752 will pay 57,117 of fed. tax.......................or 23% tax.
(in four tax brackets 15%, 20.5%, 26% and 29%)
Same individual also has a 100,000 capital gain....he'll pay 16,500 more taxes....or 16.5%
(100,000 x 50% inclusion rate x 33% highest tax bracket)
Total fed. tax on 346,752 will be 73,617.....or 21.2%
Even after the inclusion rate increase to 66%, for amounts above 250k for individuals, the tax rate on capital gains will still be lower than the tax rate on employment income.