I'm an individual investor who sees what's going on with the value of home and my my RRSP portfolio. Institutional investors are probably thinking the same thing as me: that capital flight was already taking place, and will simply accelerate until after October 2025- when a newly elected federal government stops the lunacy in Canada's fiscal policies.
so disgusting. what if you wanted to sell your retirement project and do something big with it. get screwed. the things youve been building your whole life. lost into trudeaus pocket and sent to ukraine. the fact they think most canadians wont have over 250k in capitals gains is sad..
What a delusional boomer. People literally can't afford rent or to buy a house and you're whining about your "retirement project". Most people don't have over $250k capital gains per year. Most
Let me guess you're a boomer? People can't afford rent or to buy a house and you're saying most people have $250k per year capital gains? Wow. Clearly the wealth divide is disgusting and so are your thoghy
The most important thing everyone should think about right now is how to invest in different sources of income that are not dependent on the government. Especially given the current economic crisis around the world 🌍 . This is still a good time to invest in various stocks such as gold, silver and digital currencies, I would like to thank John Preston for my crypto education..
I agree that there are strategies that can be used to generate solid profits regardless of the state of the economy or market, but such implementations are usually carried out by investment experts or advisors with experience.
@@red8ball864 The tax is not socialism. The idea that they are going to tax my cottage to fund nonsense government programs while we send money to other countries is the socialism part that I don't like. It's an inheritance tax.
@@JohnP-x3r Are you selling your cabin? If not then nothing to worry about and even so they tax how much it increased in value from when you bought it.
why would you invest in Canada vs a dozen different options if the government will take 66% of it. the 50% was already bad. The USA is 20%. We played ourselves.
Just for clarity, it means that 66% of your profit above 250k on sale of an asset is subject to tax based on your current income's rate. The effective tax rate is still lower than the US
False. 66% in Canada is capital gain INCLUSION rate, whereas 20% in the US is capital gains tax rate. For an average Canadian with marginal tax rate around 35%, the effective capital gains tax rate is below 24%, and this increased rate is only applicable to capital gains over $250K (rate below the threshold is
@@pinkcichlid In The USA, The full amount of a short-term capital gain (property held for less than 1 year) is taxed as regular income. Long-term capital gains are taxed at a lower rate than regular income, but the amount depends on your tax bracket. Long-term capital gains in the 10% and 15% tax bracket aren’t taxed at all, those in the highest tax bracket are taxed at 20%, and everything in between is 15%. Capital losses, obviously, are the opposite of capital gains. A capital loss is when you sell property for less than you paid for it. In Canada, capital losses can only be used to reduce capital gains. If capital losses in one year are more than capital gains, you can use it to reduce capital gains in up to three previous years or any future year. In the US, capital losses can reduce capital gains and up to $3000 of regular income. If losses are $3000 more than gains, you can carry them forward to future years.
A loss of ONE Medical Care Professional leaving Canada devastates a whole town ..... Meanwhile, does a loss of ONE LIBERALS MP or the whole team of Liberals MPs devastate any towns in Canada? Please kindly ask millions of Canadians who DO NOT have permanent medical care professionals and who do they want to keep in their towns?
You only get taxed if you sell the asset(s) and gain an earning minus your initial cost/investment/purchase price/etc. If the richest Canadians don’t want to pay more in capital gains taxes then just liquidate or sell one asset or set of assets per year. Sell your stocks/holdings/positions for one year and sell your secondary property in another year.
It will help Canada to look like more like Cuba . Just like Cuba only our winters suck . Investment in Canada will drop . They are stealing your children's inheritance . Solman
Decreased investment in Canada goes into effect today.
I'm an individual investor who sees what's going on with the value of home and my my RRSP portfolio. Institutional investors are probably thinking the same thing as me: that capital flight was already taking place, and will simply accelerate until after October 2025- when a newly elected federal government stops the lunacy in Canada's fiscal policies.
@@W1thcdoctor1987 is the value of your home going up or down?
If it's going down and it's your primary residence, why do you worry?
so disgusting. what if you wanted to sell your retirement project and do something big with it. get screwed. the things youve been building your whole life. lost into trudeaus pocket and sent to ukraine. the fact they think most canadians wont have over 250k in capitals gains is sad..
Most don't.
What a delusional boomer.
People literally can't afford rent or to buy a house and you're whining about your "retirement project".
Most people don't have over $250k capital gains per year.
Most
Let me guess you're a boomer?
People can't afford rent or to buy a house and you're saying most people have $250k per year capital gains? Wow. Clearly the wealth divide is disgusting and so are your thoghy
Don’t start a business in Canada if you plan on growing it. Look abroad.
The most important thing everyone should think about right now is how to invest in different sources of income that are not dependent on the government. Especially given the current economic crisis around the world 🌍 . This is still a good time to invest in various stocks such as gold, silver and digital currencies, I would like to thank John Preston for my crypto education..
Please how do I go about it, am still a newbie on investment trading and how can I make profit?🙏🙏
HE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.
@hoodsignal ⭐⭐⭐
Thanks for the information... I will contact him as soon as possible. I also want to gain good knowledge and stop losing..☺🙏
I agree that there are strategies that can be used to generate solid profits regardless of the state of the economy or market, but such implementations are usually carried out by investment experts or advisors with experience.
FJT
PURE EVIL
Again if you own a small corporation any gain even $5.00 is now taxed at this higher rate
The $250,000 is only if you are not a small corporation
Canada on its way to become the next Venezuela...
How so?
@@red8ball864 The problem with socialism is you eventually run out of other peoples money.
@@JohnP-x3r How is this tax socialism?
@@red8ball864 The tax is not socialism. The idea that they are going to tax my cottage to fund nonsense government programs while we send money to other countries is the socialism part that I don't like. It's an inheritance tax.
@@JohnP-x3r Are you selling your cabin? If not then nothing to worry about and even so they tax how much it increased in value from when you bought it.
why would you invest in Canada vs a dozen different options if the government will take 66% of it. the 50% was already bad. The USA is 20%. We played ourselves.
Just for clarity, it means that 66% of your profit above 250k on sale of an asset is subject to tax based on your current income's rate. The effective tax rate is still lower than the US
False. 66% in Canada is capital gain INCLUSION rate, whereas 20% in the US is capital gains tax rate. For an average Canadian with marginal tax rate around 35%, the effective capital gains tax rate is below 24%, and this increased rate is only applicable to capital gains over $250K (rate below the threshold is
@@pinkcichlid In The USA, The full amount of a short-term capital gain (property held for less than 1 year) is taxed as regular income. Long-term capital gains are taxed at a lower rate than regular income, but the amount depends on your tax bracket. Long-term capital gains in the 10% and 15% tax bracket aren’t taxed at all, those in the highest tax bracket are taxed at 20%, and everything in between is 15%.
Capital losses, obviously, are the opposite of capital gains. A capital loss is when you sell property for less than you paid for it.
In Canada, capital losses can only be used to reduce capital gains. If capital losses in one year are more than capital gains, you can use it to reduce capital gains in up to three previous years or any future year.
In the US, capital losses can reduce capital gains and up to $3000 of regular income. If losses are $3000 more than gains, you can carry them forward to future years.
A loss of ONE Medical Care Professional leaving Canada devastates a whole town .....
Meanwhile, does a loss of ONE LIBERALS MP or the whole team of Liberals MPs devastate any towns in Canada?
Please kindly ask millions of Canadians who DO NOT have permanent medical care professionals and who do they want to keep in their towns?
Wheres the math for 66 percent. Did they omit a 6 666
666 is not the number of the beast it's 616, 666 is a miss-translation from Greek to English. Church said this in 2005.
You only get taxed if you sell the asset(s) and gain an earning minus your initial cost/investment/purchase price/etc.
If the richest Canadians don’t want to pay more in capital gains taxes then just liquidate or sell one asset or set of assets per year. Sell your stocks/holdings/positions for one year and sell your secondary property in another year.
It will help Canada to look like more like Cuba . Just like Cuba only our winters suck . Investment in Canada will drop . They are stealing your children's inheritance . Solman
0 income taxes for all in Canada 🇨🇦👍
GOLOMBEK IS MAKING SOUND LIKE A DAY AT THE BEACH ....OUT OF TOUCH --- GOVERNMENT STYLE SPIN
Yaaaaaaay!!! We can all afford houses now🤗🤗🤗
Canadians will literally never see that day.