@scott_mcgillivray: Capital gains tax in Canada now in effect. What does this change mean for #realestateinvesting? #capitalgains #capitalgainstax #investing #realestate
Translation is... Example I bought for 67000 30 yrs ago I sell for 490,000 answer was ...and now it will be.....
2024-09-11 08:57:26
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Mr. C :
Most people will never incur this. If you are wildly fortunate enough to ever pay more, that’s still a lower tax rate than people who earn way less. And it’s still lower cap gains than we had recently
2024-06-28 10:13:50
11
ShellyKnaus :
Should not have to pay any capital gains more govt robbery
2024-06-27 18:54:49
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TheSyndica4t3 :
its actually a 30% increase in the tax paid
2024-06-28 03:10:48
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Robert Jardine :
Education, thank you
2024-06-26 00:06:45
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tccaretaker :
Stocks and bonds as well
2024-06-26 00:12:02
4
Randy King126 :
Scott the increase is just part of the grab. We pay the highest CG in the world, France is at 26% and there second. It’s called fairness.
2024-06-27 22:10:36
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Bookslingerfortruth :
Your small business corporation investments pays the higher rate on gains with no $250,000 threshold.
2024-06-28 03:11:02
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Court :
I think if they would have increased capital gains tax while simultaneously reducing everyone’s income tax it would have been a lot more popular.
2024-06-28 05:27:53
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marnw815 :
Good. So people using housing as an investment pay more. Maybe opens up more housing for those that need a place to LIVE
2024-07-01 13:29:22
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carolgardiner7 :
Sooo if you have a second property and you renovate ( out of your own pocket) and then sell you are taxed at a higher rate regardless of how much for your efforts. It is not justified.
2024-06-27 21:31:43
2
Evan :
It’s not gonna affect me, but my beef with it is that it’s just gonna fund more beuracacy and not actually go towards anything useful
2024-06-30 23:08:54
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Knightsfan :
Freeland kept saying it was to make the wealthy pay more than the lower income ppl. Then the govt could use that money for their social causes. What’s wrong with the money they already take? Who pays
2024-07-23 06:58:06
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dewest76 :
Finally, someone explaining it properly!
2024-06-29 23:54:22
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Rob Ouimet958 :
It means you inflated the dollar so high that you can reap large swaths of revenue off the average taxpayer in the mask of taxing the wealthiest.
2024-06-26 03:23:52
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kk😺 :
If this tax is then used to improve social services like health care, housing and education. Then I’m for it.
2024-06-27 20:36:33
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Frnt2bK :
Oh boy.
2024-07-01 23:50:32
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Evangeline :
Cool, sounds good to me
2024-07-01 05:14:27
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Rick Jones :
Yep, that’s exactly right
2024-07-01 05:51:41
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Annette Miller :
all about the money
2024-07-13 14:20:59
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doggrab :
From a Reno guy to tax advising
2024-07-02 14:59:51
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CALABRESE BEAUTY :
It’s 9% increase on top of what u already pay
2024-07-01 17:58:05
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