To be clear, it doesn't go up to 66.7%, the inclusion rate goes up to 66.7%.
When you have cap gains in canada, you only have to include a certain percentage of the gains in your income which is then taxed at the normal marginal tax rate.
So previously it was about 50% of cap gains are taxed as income, now 66.7% of cap gains are taxed as income.
Remember that if you're investing and want to avoid capital gains, you can put a brokerage account or other investments into your TFSA where gains will be totally tax free. Every year after you're 18, your TFSA contribution limit grows every year (at the moment by $7,000 per year). The overwhelming majority of TFSAs contain savings accounts which is a waste of the tax privileged account. It definitely makes more sense to put something that has a capacity to grow a lot more in there.
(That being said, don't get me wrong, Trudeau is garbage, and the way he's like "We need to invest in housing and Gen Z" after doubling the national debt is insane and he's a total monster)
When you have cap gains in canada, you only have to include a certain percentage of the gains in your income which is then taxed at the normal marginal tax rate.
So previously it was about 50% of cap gains are taxed as income, now 66.7% of cap gains are taxed as income.
Remember that if you're investing and want to avoid capital gains, you can put a brokerage account or other investments into your TFSA where gains will be totally tax free. Every year after you're 18, your TFSA contribution limit grows every year (at the moment by $7,000 per year). The overwhelming majority of TFSAs contain savings accounts which is a waste of the tax privileged account. It definitely makes more sense to put something that has a capacity to grow a lot more in there.
(That being said, don't get me wrong, Trudeau is garbage, and the way he's like "We need to invest in housing and Gen Z" after doubling the national debt is insane and he's a total monster)
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It matters insofar as it's important to talk about things that are factually accurate because otherwise idiots will see an inaccuracy and use it to nitpick when the fundamentals of the discussion are all solid.