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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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