RE:RE:RE:RE:Poilievre promises to reverse capital gains change:ztransforms173 wrote: 
packerdriver - (1/17/2025 1:20:19 PM) RE:RE:Poilievre promises to reverse capital gains change:
You're right that the cap. gains changes are DOA....just as the reaction to the prospect of increased tax was blown way out of proportion....PP "reversing cap. gains changes" is more of the same. There is no "reversing" something that did not happen!
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- another ONE of your PATHETIC DISINFORMATION statements
- the NEW CAPITAL GAINS INCLUSION RATES will be CRA-ENFORCED in the 2024 TAXATION YEAR even though the ENABLING LEGISLATION has NOT BEEN PASSED by the COCKROACH minority government
- FEDERAL income taxes {with the new capital gain INCLUSION RATES FACTORED IN} will be DUE on April 30, 2025
- should PP form a MAJORITY CPC GOVERNMENT this year (?), PP will TERMINATE the WAYS & MEANS MOTION and the CRA will REFUND ALL EXTRA TAXES COLLECTED due to the NEW capital gain inclusion rates
* the individual TAX RETURNS will be RE-ASSESSED using the OLD 50% capital gain INCLUSION RATE
z173
YELL if you must, trasform...but could you PLEASE tell me how the CRA collects the tax on the sale of a rental property or cottage when it does not know it happened UNTIL you file a tax return???
If you sold for a cap. gain in August 2024 you'd report it in April 2025....if you sold TODAY you'd report it in April 2026 (15 months from now). If I'm wrong tell me how?
I'll say it AGAIN...a guy just working and making 111,733 a year pays 17.7% federal tax.
If he also have a 340 cap. gain, at the 50% inclusion rate he'll pay 14.4% federal tax on the gain.
If the inclusion rate was increased to 66% for amounts above 250k he'd pay 15.8% on the gain.
Are you going to "set your hair on fire" for an increase of 1.4%....and that ONLY AFTER the 250k threshold has been passed??? "Much ado about nothing" comes to mind.