RE:RE:RE:God bless farmersMoemoney42 wrote: Hell if it was that easy to become a millionaire farming, I'd have stayed on the farm too..!! Dad (RIP) surely didn't make it to millionaire status... and it certainly wasn't from lack of effort, that I can guarantee you.. heck I've dealt with farmers all across western Canada for work, and very few of them acutally retired as millionaires
Well I guess they didn't pay a lot in capital gains taxes then, did they?
Let's forget about farmers, fishermen, doctors and the like who get the one time 1.25 million exemption from ANY capital gains tax.
Let's all take up the cause of those poor RE investors who buy a condo to put on AirBnB.....and then after a few years are faced with a capital gains tax bill when they sell the condo.
Isn't it terrible??? The federal govenment is going to STEAL 15% of their capital gain????
That's bloody OUTRAGEOUS, isn't it????