It's the daily reminder that the Prime Minister cancelling the raise of the inclusion rate of capital gain for tax purpose is not a measure to help the middle class. It's a tax break to the rich.
Only 50% of capital gain are taxable, that mean the hard-earned-labour cash is taxed TWICE as much.
The inclusion rate was for above 250K. Taxes on 250K capital gain are as much as tax on 125K of hard-earned-labour.
PM Carney is a Con-servative. And capital gains are lazy income.
Hubert Figuière
in reply to Hubert Figuière • • •Hubert Figuière
in reply to Hubert Figuière • • •The justification is trickle down economy. "How will they invest?"
But
1. we know it doesn't work.
2. if you reinvest this money you deduct it from your income.
Bruce Elrick
in reply to Hubert Figuière • • •Hubert Figuière reshared this.