A good number of people are either confused about or purposely misinforming re: capital gains. The 50% inclusion rate is *not* a tax-rate. The Globe and Mail is using “tax rate” in a sentence about capital gains. Wrong! /2 #cdnpoli
2/ The inclusion rate (50% or 66-2/3%) is how much of the capital gain is included in income for tax purposes. So, if one has a capital gain of $50k, $25k is taxable *at the rates that apply to all income, including employment income. The other $25k is exempt. /3
3/ The federal budget proposes keeping the 50% inclusion rate for capital gains < $250k, but increases it to 66-2/3% for gains exceeding $250k. This is expected to affect .13% (13 out of one thousand) taxpayers. 🎻
@DianeMariePosts A fail for News Media, none are doing the hard work, Canadians expect better