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The Fraser Institute, Correcting Common Misunderstandings of Capital Gains Taxes

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

FraserInstitute.org.



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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

FraserInstitute.org.

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