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Capital gains tax in Canada is ludicrously low, also the richer you are the more tax loopholes you can afford to find out about.
by Kluny 10y ago
Capital gains tax in Canada is ludicrously low, also the richer you are the more tax loopholes you can afford to find out about.
- geoka9 10y agoI wouldn't say it's ludicrously low - it's still half of income tax, which itself can be pretty high for people who make a lot.
- wattt 10y agoKeep in mind if you get capital gains you pay tax twice to both governments. You make it sound like it is a huge deal but factor in the increased accounting costs and in most cases the advantage isn't that great at all.