@scott_mcgillivray: Capital gains tax in Canada now in effect. What does this change mean for #realestateinvesting? #capitalgains #capitalgainstax #investing #realestate

Scott McGillivray
Scott McGillivray
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Region: CA
Tuesday 25 June 2024 16:26:02 GMT
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saucesensei604
Saucesensei604 :
So does that make it okay???!!! NOT!
2024-07-07 00:43:39
0
2_old_cute_cats
D'Brickashaw&Jaimita :
So rich people pay slightly more.
2024-06-25 19:37:02
79
margotyoung635
Margot Young635 :
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..c50
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
shellyknaus23
ShellyKnaus :
Should not have to pay any capital gains more govt robbery
2024-06-27 18:54:49
3
thesyndica4t3
TheSyndica4t3 :
its actually a 30% increase in the tax paid
2024-06-28 03:10:48
0
robertjardine571
Robert Jardine :
Education, thank you
2024-06-26 00:06:45
7
tccaretaker
tccaretaker :
Stocks and bonds as well
2024-06-26 00:12:02
4
kinger..62
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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bookslingeroftruth
Bookslingerfortruth :
Your small business corporation investments pays the higher rate on gains with no $250,000 threshold.
2024-06-28 03:11:02
0
courtneysaun
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
0
marnw815
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
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
ev.scott21
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
1
janeck27
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
0
dewest76
dewest76 :
Finally, someone explaining it properly!
2024-06-29 23:54:22
1
robo119
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
3
9875356kk
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
24
frnt2bk
Frnt2bK :
Oh boy.
2024-07-01 23:50:32
1
ofhomeandhearth
Evangeline :
Cool, sounds good to me
2024-07-01 05:14:27
0
rjyvr
Rick Jones :
Yep, that’s exactly right
2024-07-01 05:51:41
0
annette.miller16
Annette Miller :
all about the money
2024-07-13 14:20:59
0
doggrab
doggrab :
From a Reno guy to tax advising
2024-07-02 14:59:51
0
mtpcalabrese
CALABRESE BEAUTY :
It’s 9% increase on top of what u already pay
2024-07-01 17:58:05
0
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