erin (she/her) on Nostr: The Liberals are going after corporations & people who profit off them. Currently, ...

The Liberals are going after corporations & people who profit off them. Currently, only 50% of a capital gain is taxable. Made $100,000 profit on a stock you sold? Only 50% of that, $50,000 is subject to tax. The other half.. not taxable.

Starting in June (if adopted) the amount that is tax applicable rises to 2/3 for capital gains above $250,000 for individuals & any amount for trusts & corporations.

This is a big move. One that is sure to piss some rich people off.

#Canada #FederalBudget