Increasing capital gains after 250k can affect a lot of Canadians during their lifetimes. Anyone who sells real estate or any time they have to make a once in a lifetime cash out of an investment.
This will directly affect people who try to cash out of investments at the top of gains, even when they're a normal Canadian with their retirement accounts. Many normal Canadians invest in stocks for retirement, and sometimes a stock will go up a lot in someone's portfolio and they'll want to sell it and move it into other investments.
Going from 50 percent to 67 percent is no small tax increase.
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HiGAOhiGAOZIhiGAOdynasty
2024-04-16 20:19
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The introduction of the GST 中产税 was very controversial. Although the GST was promoted as revenue-neutral in relation to the MST富人税, a large proportion of the Canadian population disapproved of the tax.
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Galant
2024-04-17 14:14
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This budget will stifle the economy further as the buy demotivates young to create awesome businesses with increase in capital gain tax.
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Galant
2024-04-17 11:48
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The interest on the national debt payments are now up to 54 Billion dollars a year. We are losing over a billion dollars a week to interest payments alone now.
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Galant
2024-04-17 11:45
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Useless budget for middle class people. There is shortage of trades people, so there is no way that millions of houses will be built. This budget is to lure people to vote for the Liberals. What about the deficit? How can any country prosper with such a huge deficit? Freeland is insane. Does she have any knowledge on how to balance the spending? She and her cronies need to go away for good.
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Galant
2024-04-17 10:49
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Pierre Poilievre rejects Liberal budget, says new spending will spur inflation.
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Galant
2024-04-17 09:13
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Trying to spend their way out of a mess that was created by over spending is about the stupidest and most damaging thing they can do. Jacking up taxes to fix their over spending, even worse. The blunders of this government will be felt for generations.
加拿大预算案向富人加税!资本利得纳税比率67%,五年收190亿元