Debating the 34% capital tax hike for entrepreneurs: Who invests this money better? 1. @tobi, who built @Shopify, created 11,000 jobs & improved millions of lives. or 2. The 🇨🇦gov, which spent $50M+ on an inconvenient app (Arrive Canada). Thoughts?🤔 Oh wait, there is a $1.25M exemption for some entrepreneurs that might be enough to buy a small detached home in 🇨🇦. Great! P.S. Raising the inclusion rate from 50% to 67% means a 34% increase in capital gains tax on larger amounts.
Debating the 34% capital tax hike for entrepreneurs: Who invests this money better? 1. @tobi, who built @Shopify, created 11,000 jobs & improved millions of lives. or 2. The 🇨🇦gov, which spent $50M+ on an inconvenient app (Arrive Canada). Thoughts?🤔 Oh wait, there is a $1.25M exemption for some entrepreneurs that might be enough to buy a small detached home in 🇨🇦. Great! P.S. Raising the inclusion rate from 50% to 67% means a 34% increase in capital gains tax on larger amounts.
@HanifBayat @tobi @Shopify Canada needs more innovations, higher productivity. Tax kills both. There are so many economists with PHD degree in the government, I cannot believe this
@HanifBayat @tobi @Shopify Is it 50% capital gains on 250k and 66% for anything over 250k? Or is it anything over 250k straight 66%?
@HanifBayat @Kevin_AGraham @tobi @Shopify It means an 9% increase (67-50)*50. Total tax will be 34%, today it's 25%
@HanifBayat @tobi @Shopify @theJagmeetSingh still believes CEOs are greedy 😂😂😂
@HanifBayat @tobi @Shopify @tobi >>>>>>>>>>> @JustinTrudeau All day long @elonmusk
@HanifBayat @tobi @Shopify How is this going to affect professionals and their corporations? I don't think we'll entice a lot of doctors at 53% marginal tax, and higher corporate CG taxes.