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

To learn more, visit FraserInstitute.org

percentage of capital gains taxes paid by Canadians who

earn less than $100000 is 38.4%. To learn more, visit

.