Post by
Jacques4444 on Jun 16, 2024 1:24pm
more then 250K capital gain
the first 250,000 capital gain will be tax at 50% only, as usualy. The amount exceeded 250K will be tax at 66,67% (so, mean 16,67 % more then before) and only for your federal income tax . Lets say that an insider received shares as a salary , its normal that each year some of them sell those shares they received mainly as a salary (bonus). In Qubec, for 350,000$ capital gain, now, your going to paid on 16,670$, more ''federal income tax'', meaning for each 100,000$ exceeding 250K, your going to pay around 3000$ to 4,000$ more in tax, WOW! poor you. (This measure dont work in provincial tax, only in federal, and much of your tax are going to Qc, far less to Can.). So, people who have to declare more then 250K capital gain will freak out! Really? Imagine, you make 350K gain and your going to pay, now, 3000$ to 4000$ more, if you sell on the hurry at 84$, lets counting before you make the move how much you going to lose if the share price goes to 86$ and more...2nd: this is a law from a governement who s going to lose the next election. 3rd: the Conservator will change it as soon they take power...so, 1st, you dont lose to much money (650K gain = 650K-250K = 400K X 16,67% more = 12,000 to 15,000$ to be paid to Trudeau more then before, WOW ! and, if you sell at the present price and it reach 86$ and more, your loosing money.... for me, my 0,05$ tought, its a bad move, a very bad move! and this law will be history very soon.... unfortunataly, my capital gain dont alloud me to do those maths, but even at 1,000K gain I will still stay long...lol!
Comment by
naissance17 on Jun 16, 2024 4:09pm
Le gouvernement du Quebec a annonce l'harmonisation de la taxe sur le gain en capital, donc la nouvelle taxe s'applique autant au provincial Quebec qu'au federal Ottawa
Comment by
naissance17 on Jun 16, 2024 4:11pm
https://www.revenuquebec.ca/fr/salle-de-presse/nouvelles-fiscales/details/2024-04-24/augmentation-du-taux-dinclusion-des-gains-en-capital/#:~:text=%C3%80%20partir%20du%2025%20juin,ann%C3%A9e%20qui%20exc%C3%A8de%20250%20000%20%24.
Comment by
naissance17 on Jun 16, 2024 4:26pm
https://www.revenuquebec.ca/en/press-room/tax-news/details/2024-04-24/capital-gains-inclusion-rate-increase/
Comment by
Jacques4444 on Jun 16, 2024 5:35pm
well, I hope when the Conservator will cancel this law, Qubec will follow in the same way. So, for a million dollars capital gain make, the poor tax payer will have to pay 8,000$ more for each 100,000$, around 50,000$ more for each million dollars.... you are still be rich enought...dont you?
Comment by
bicente on Jun 17, 2024 10:24pm
Ya me too ... last election I burned my vote , I knew that lying theif would win but now he has to get booted out ... even his wife couldn't stand the sight of him anymore , imagine that ? ... you are the most powerful spouse in Canada but you can't stand the person who put you there ... GLTA