Bifalgorithm post
Did you just say Canadian capital gains is 66%? It's 66% now. That's just a high set. Two thirds. So if you make $100,000, your government takes 66,000. Basically, yeah. I can't breathe. I can't either. So that's a problem is there's no point really selling them if we're not going to gain a lot of money back. But I'll just. No, it's kind of like you're giving it all to the government. It's a disincentive to sell. Cue the make fun of Canada jokes. Okay, but wow. Ouch. I'm sorry, man. That changes everything.
Did you just say Canadian capital gains is 66%? It's 66% now. That's just a high set. Two thirds. So if you make $100,000, your government takes 66,000. Basica…
Ideas in this flowchart
- Canadian Capital Gains Tax Discussion
- Capital Gains Tax Rate
- 66% Rate
- Impact on Earnings
- Earnings Example
- $100,000 Earnings
- $66,000 Tax
- Disincentive to Sell
- Low Net Gain
- Government Receives Most
- Reactions
- Shock and Discomfort
- Jokes About Canada
- Impact on Decisions