Trudeau proposes 67% Capital Gains Tax for stocks and crypto
Amidst the housing crisis in Canada, which has placed significant pressure on aspiring young homebuyers, Premier Justin Trudeau has proposed a new Capital Gains Tax. This tax would range from 50% to 67%, depending on the taxpayer’s income bracket. The Capital Gains Tax is levied on individuals when they sell an asset or capital property, with capital gains representing the profits from such sales. According to the Canada Revenue Agency’s website, common capital properties include cottages, securities (such as stocks , bonds, crypto currencies, and units of a mutual fund trust), land, and buildings. Picks for you Google Gemini predicts Silver price for the end of 2024 29 mins ago Andrew Tate says Bitcoin is only choice as ‘dollar’s f**ked’ 2 hours ago Evaluating DYDX, the dYdX Layer 1 token 2 hours ago Solana price prediction as whales move $3 billion worth of SOL 17 hours ago Who will be affected by the new Capital Gains Tax? ...