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Published 11 days ago

Why a capital gains tax on the rich makes sense › Sunny South News

Summary by sunnysouthnews.com
Ever since we’ve been publishing an annual report on CEO pay in Canada, I’ve had a bone to pick: CEOs and the rich generally get a special tax rebate when they sell assets like real estate or stocks at a profit. That profit is called a capital gain, and if you declare more than $250,000 in a year, your tax break will be smaller due to the government’s surprise change in this year’s budget. As of June 25, 2024, well-off Canadians declaring over $…

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Why a capital gains tax on the rich makes sense › Sunny South News

Ever since we’ve been publishing an annual report on CEO pay in Canada, I’ve had a bone to pick: CEOs and the rich generally get a special tax rebate when they sell assets like real estate or stocks at a profit. That profit is called a capital gain, and if you declare more than $250,000 in a year, your tax break will be smaller due to the government’s surprise change in this year’s budget. As of June 25, 2024, well-off Canadians declaring over $…

11 days ago
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