OTTAWA – Wealthy Canadians have begun a ‘Freegains convoy’ to Ottawa in their BMW X3s in protest of the government’s plan to raise the inclusion rate on annual capital gains in excess of $250,000.00 dollars. “Not since the city of Toronto tried to build affordable housing in Rosedale has our community been so united in […]
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  • lengau@midwest.socialEnglish
    6·
    6 months ago

    I’d love a million dollars in gains in a year…

    Heck, I’d love to have even half a million dollars of total assets.

    • Nomecks@lemmy.caEnglish
      1·
      6 months ago

      If you have a million dollars in gains for ONE year, like you sell an asset to retire, you get hit. I agree, multple years of $1m gains is excessive.