Under the new changes, that inclusion rate would rise to 67 per cent from 50 per cent on any gains realized above $250,000 annually for individuals.
= = =
So they print money, and inflate everything (to above $250K).
Then the resulting gains are taxed at 2/3.
So then they get back most of the phoney inflated money.
So I have sold my asset. And the gain is mostly gone. And gasoline, et.al. are still unafordable.
I should have had an economics class.
Oh, I did, but back then it made sense.
“Then the resulting gains are taxed at 2/3.”
The resulting gains are not taxed at 2/3.