Fun fact: under Brian Mulroney's PCs in the 1980s the capital gains inclusion rate was hiked from 50% to 75% -- and the overall combined corporate rate was in the low-40s versus the current rate of 26.5%. And yet, businesses were formed. They took risks. Imagine that.
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@maxfawcett ...Max, can we please fix a big misconception here: there is no fixed tax rate (26.5% or other) specific to capital gains. Tax law just specifies what portion of it gets added to basic income. For example, you'll pay less tax on 100k of CG if you have no other source of income...
@maxfawcett ...links for these screenshots: moneysense.ca/spend/real-est… wowa.ca/calculators/ca…