Correcting Common Misunderstandings of Capital Gains Taxes
Do you know who pays capital gains taxes in Canada? Most
people think capital gains taxes are mainly paid by very
wealthy people, and when a capital gain is included in a
person's income, more than 77% of capital gains taxes are
paid by Canadians who earn more than $150000 a year. But when
the capital gain itself say when a small business owner
sells their business so they can retire is not included in
income. The percentage of capital gains taxes paid by
people with incomes in excess of $150000 falls to 48%. And the
percentage of capital gains taxes paid by Canadians who
earn less than $100000 is 38.4%. To learn more, visit
