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39,344 Views ā¢ Apr 25, 2024 ā¢ Click to toggle off description
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Views : 39,344
Genre: News & Politics
Date of upload: Apr 25, 2024 ^^
Rating : 4.396 (37/208 LTDR)
RYD date created : 2024-05-01T03:15:42.045348Z
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YouTube Comments - 326 Comments
Top Comments of this video!! :3
These calculations are totally wrong, completely incompetent network
63 |
FYI The math in this report is completely inaccurate.
23 |
But only if you sell. keep your properties they won't be in office forever!
14 |
That's not how capital gains tax works. According to the tax law, on a 500000.00 capital gain, you only pay tax currently on 250000.00 . Not 50% of the 500000. Therefore the tax currently paid would at max be around 110000. With the new rules, 330000 would be taxable income, meaning the future tax paid would be about 130000. Not 330000!!!!
Check your facts before reporting such inaccurate information.
75 |
Are you sure those calculations are correct?
42 |
Just another step to J's buddy Klaus Schwab's you will own nothing and be happy
22 |
They are not āraising the rate of capital gainsā. They are raising the portion of profit that is taxed at all from 50% to 2/3 wth the other 1/3 being tax free money.
Your wages are 100% subject to tax while capital gains/profits are 50% tax free and only the other 50% subject to any taxes.
7 |
Who would invest in this country? Not me.
I had a rental property. I sold it and it turned into a single family home. I dont regret it at all.
9 |
How did you air this on the news? the calculations are so wrong lol
17 |
Ya but kinda stupid to sell now. You only pay taxes if you sell. Stupid keep the property
3 |
I love the way the government can just decide how much of YOUR money they are entitled to.
82 |
Do non Canadian non citizens pay this tax? There's a number of foreign citizens that own cottages within Canada.
3 |
JT gaslighted small business owners making them look like embezzlers. Shame on him. Small business owners work insane hours, produce jobs and take all the risk and I could go on. Every job has its downs, but to sow division and gaslight is disgusting. Experienced small business daughter and wife.
3 |
Why? Because the government has done nothing to deserve those peoples money.
33 |
So you move there for a while and have it become your principal residence and then sell it.
5 |
As many commenters have noted, the math is wrong. Or at least, the terminology is wrong. "Taxable amount" is not the same as "paid in tax"
2 |
So what is not fair is the outrageous prices of cottages which have doubled in 5 years of course there is a consequence on capital gains
5 |
Why did our government allow foreign countries to buy all the real estate, making it a business?
36 |
A lot of professionals and small business owners save for retirement by investing inside a personal company. There is no $250,000 exemption if they sell investments inside the personal company and any gains will be included at the 2/3 rate starting June 25.
4 |
@deji_
2 weeks ago
This calculation is wrong. At the moment, you pay taxes on 50% of your capital gains NOT 50% tax rate on all of your gains
46 |