May 15, 2024
Finance

Canada proposes higher tax on 0.1%—For anyone under 40, it’s ‘just harder to establish yourself,’ finance minister says

Canadian Prime Minister Justin Trudeau ’s government announced Tuesday it is imposing higher taxes on the wealthiest Canadians as part of the federal budget. The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets. The taxable portion of capital gains above $250,000 Canadian

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