This is a ridiculous and stupid rule. What else can you expect from our supremene clown anyways? You ain't the one to decide why ppl need multiple houses. Also, House is just one investment. Ppl have $1M+ Stock portfolio. What about them? Then, there are businesses. What about them? Just don't look at houses alone. Then there is deemened disposition on Departure from Canada Tax? What about it? Then there is tax at the death? What about it? This impact every segment of investment and not just Houses. "Tax the Rich" is a loser's mentality.
These measures will stabilize the housing supply. Free ride is over. Starting July 1, everything and anything will be taxed. Basically, government needs money and the tax man is here to collect.
Earlier, only 50% of capital gain was taxable. Now, up to a capital gain of 250000, you will pay tax on the 50% of this gain and for capital gain which is more than 250000, you will pay tax on the 67% of such capital gain. There was a time when in Canada, 75% of capital gain was taxable.
Inclusion rate increased from 50% to 66% ~ 50% applies under 250k and above 250k 66% applies. Corporations 66% applies to the whole capital gain. That’s a big hit. This will impact many not few. If they wanted to correct the housing flood they should’ve only do in house market not in every investment in corporation. People hold in corporation due to liability and tax savings.
Very informative it will help us lot thank you
Good decision
Very good ji Godbless all always
Very good information
Very good rule ..It will bring house value down ..Why ppl need multiple houses …
This is a ridiculous and stupid rule. What else can you expect from our supremene clown anyways? You ain't the one to decide why ppl need multiple houses. Also, House is just one investment. Ppl have $1M+ Stock portfolio. What about them? Then, there are businesses. What about them? Just don't look at houses alone. Then there is deemened disposition on Departure from Canada Tax? What about it? Then there is tax at the death? What about it? This impact every segment of investment and not just Houses. "Tax the Rich" is a loser's mentality.
These measures will stabilize the housing supply. Free ride is over. Starting July 1, everything and anything will be taxed. Basically, government needs money and the tax man is here to collect.
Earlier, only 50% of capital gain was taxable.
Now, up to a capital gain of 250000, you will pay tax on the 50% of this gain and for capital gain which is more than 250000, you will pay tax on the 67% of such capital gain.
There was a time when in Canada, 75% of capital gain was taxable.
that was Mulroney who raised the Capital gain inclusion to 75% and it was the Cretien Liberals who brought it down to 50% inlusing rate
👍
Invest in property outside Canada.. invest in dubai and india..no capital gain tax and no inheritance tax also..
Indian capital gains tax 22%
@@himmatsingh3628 better than Canada.. dubai has no taxes
@@himmatsingh3628 That is if you don't invest again. you can avoid that by buying new land within 6 months.
Inclusion rate increased from 50% to 66% ~ 50% applies under 250k and above 250k 66% applies. Corporations 66% applies to the whole capital gain. That’s a big hit. This will impact many not few. If they wanted to correct the housing flood they should’ve only do in house market not in every investment in corporation. People hold in corporation due to liability and tax savings.
Doctors should exclude from taxes.we need doctors
ਡਾਕਟਰ ਵਕੀਲ ਕੈਨੇਡਾ ਛੱਡ ਜਾਣ ਗੇ canidians ਨੂੰ ਆਪਣੀ ਹੈਲਥ ਆਪ ਹੀ ਖਿਆਲ ਕਰਨਾ ਪੈਣਾ ਕਿਉਂ ਕੇ ਡਾਕਟਰ ਨਹੀਂ ਲੱਭਣਾ
Corporations ਕੀ ਹੁੰਦੀਆਂ , ਕਿਵੇ ਬਣਦੀਆਂ ਤੇ ਕੌਣ ਬਣਾ ਸਕਦਾ ਇਸ ਬਾਰੇ ਵੀ ਸ਼ਮੀਲ ਜੀ ਨੂੰ request ਆ ਜਰੂਰ detail ਚ ਵੀਡੀਉ ਬਣਾਉਣ
That would be good. They should do one program on this subject alone, corporation.
Enjoy so never buy house.no use at the end
Time to get the house in order. Please leave Canada if you don’t like paying taxes.
For investers---_--- there is one saying in hindi ---- Ab aaya untdh ( camel) pahad ke neeche 😂
Greed is always bad
😂 good luck for investors.
Khada pita lahe da baki trudeau shahe da 😂
Death is not easy in canada
Majdur construction walyan nu keh ta dita ki tusi honest canadian ho answer is no shameel or zameel whatever ur name
Q
Gulami aa Bas Hor Kosh Nai