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Capital gains given easy ride, compared to salaries and wages

  • Tom Monto
  • Apr 22, 2021
  • 1 min read

Note that

"In Canada, 50% of the value of any capital gains are taxable. Should you sell the investments at a higher price than you paid (realized capital gain) — you'll need to add 50% of the capital gain to your income" (from Wealthsimple online)


Thus, people earning their money through wages or salaries have all their income taxable, but those who make a windfall through sale of capital, such as a second home, only pay tax on half that income.


And remember that capital gains is not money you make from selling your principal residence - that is non-taxable.


Capital gains is sale of second home or speculative property or stocks and bonds like that.


Now you just try to tell me that this is not a case of the government helping the rich while sticking it to the average worker.


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History | Tom Monto Montopedia is a blog about the history, present, and future of Edmonton, Alberta. Run by Tom Monto, Edmonton historian. Fruits of my research, not complete enough to be included in a book, and other works.

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