Quote:
Originally Posted by bizaro86
No.
50% will be included in your income of the first 250k
66% will be included in your income of the last 50k.
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I like how their example is of a "High Income Individual" and include their imaginary salary that doesn't matter in the example. But makes for a good reason to say #### 'em.
https://www.canada.ca/en/department-...eneration.html
Example of a High Income Individual
A high income individual living in Ontario with a $400,000 salary also has a $300,000 gain from the sale of a second property. Under the current rules, they pay income tax on 50 per cent—$150,000—of that capital gain.
If they have the same gain in 2025, they will now pay tax on $158,333 of the gain (50 per cent x $250,000 = $125,000) plus (2/3 x $50,000 = $33,333) = $158,333).
Because of their high income putting them in the highest marginal tax rate, the change to capital gains taxation will cost them $4,461 more in combined federal-provincial income tax.