Quote Originally Posted by Liebs138 View Post
Even middle class real estate investors will get caught in this. Regular middle class guys that work a ton of overtime to make extra money that have invested in the real estate market. This gets added to you income at the end of the year meaning in high tax brackets. You make 160 a year. Now all that capital gains income is in the 40+% bracket when combining federal and provincial income tax. Its a total crock of sh*t. Investors and business' will flee this country like they did california. Canada is almost unrecognizable. Its a real shame only some people stood tall when they pushed mandatory vaccines for work, travel and restaurants. They know most canadians are pansies and push overs and wont stand up for f*ck all except maybe when the canucks crater in the playoffs. Trudya got until fall of 2025 and hes not even close to finished. Anyone who believes in more taxation is a moron. All your tax money is being laundered by prime minister zoolander and his crew of clowns!!! You are funding housing and welfare for illegals, open drug injection sites and free heroin while good hard working canadians who have paid into this system cant even get a doctor and you get told to leave your car keys at the door so the thieves dont have to come too far into your home. This country is done.
Capital gains only get added to your income if you sell real estate at a profit. And if you are under $250,ooo a year there is no change you'd only have to claim half of your profits as income. I think a smart person would 't sell in years they are working all that OT and in a high tax bracket already? I think if people believe this way of claiming capital gains is FAIR AND EQUITABLE, then the guy working OT should only have to claim 50% of his earnings as income too. Level the playing field.