WanderingApe on Nostr: The capital gains tax is NOT 50%. You’re taxed at your income tax rate on 50% of ...
The capital gains tax is NOT 50%. You’re taxed at your income tax rate on 50% of your capital gains. So let’s say your federal + provincial income tax rate is 35%. You invested $1000 and sold at $2000. The math is .5 * 1000 * .35 = $175, which is an effective cap gains rate of 17.5%.
Published at
2024-04-17 13:31:25Event JSON
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