RE:RE:RE:IF ELECTED, FREELAND TO SCRAP CAPITAL GAIN TAX INCREASEbicente wrote: Levieillard wrote: Did you ever ask yourself why poor people are taxed on 100% of their salary and rich people on 50% of their capital gains? You consider that normal?
You Liberals want the capital gain taxed at 100%, not 60.
I see what you are trying to point out but Salary and capital gains are 2 different things... if you trade stock , flip houses etc for a living then you are taxed 100 % ... the only thing that is equal is the both of these is they provide taxes for the govt ( which never has enough ) ...GLTA
that isn't true, there are no minimum hold periods for capital gains in Canada. You can hold stock for 1 second and still get 50%. The US is different with timelines of 1 year separating the short term and long term capital gains rates, each with different tax rates
I believe thou there have been recent changes in Canada with special house flipping taxes if you hold it for under a few years. I forget the duration. That doesn't apply to commercial property however