Yes, I agree. Sounds like any change to the inclusion rate is not immanent. Huge sigh of relief from this guy.longinvest wrote: ↑24 Mar 2017 09:53Yes. But, it's not such a bad thing, when you think about it. If it's dumb enough for politicians, it should be dumb enough for lots of people. As long as it's good enough (like the current 50% inclusion rule), I won't complain. It's the KISS principle (Keep It Simple Stupid).
Federal Budget 2017 - March 22
Re: Federal Budget 2017 - March 22
Re: Federal Budget 2017 - March 22
With the Trudeau gov't though, this is not going away. Per http://business.financialpost.com/perso ... tax-or-not our CG rate only dropped to 50% in the year 2000
Edited: Deleted superfluous material and added context.
and only dropped, I believe, to 50% due to the heat from the political opposition at that time. It'll be an issue again a year from now.While the Carter commission recommended full taxation of capital gains, the law, as originally introduced, only taxed 50% of capital gains. The inclusion rate was increased to 75% in 1990 and that inclusion rate stayed constant for about a decade. In February 2000, the rate was reduced down to two thirds, which lasted until October 2000, where it was dropped back to 50%, where it has remained to this day.
Edited: Deleted superfluous material and added context.
Last edited by AltaRed on 24 Mar 2017 17:51, edited 3 times in total.
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Re: Federal Budget 2017 - March 22
I hope not, but certainly a possibility. Morneau seems to imply he is much more concerned about preventing "income sprinkling".
Re: Federal Budget 2017 - March 22
I believe we need to stay vigilant on finding a better way than 66% or 75% inclusion rate. We have time thankfully. Now is not the time to relax!
These are major issues for the LIberals and it requires a major effort to counteract their natural tendency to do the easy thing and gain support of their base.
These are major issues for the LIberals and it requires a major effort to counteract their natural tendency to do the easy thing and gain support of their base.
For the fun of it...Keith
Re: Federal Budget 2017 - March 22
I thought, for politions, it meant 'Keep it Stupid, Simple'longinvest wrote: ↑24 Mar 2017 09:53 Yes. But, it's not such a bad thing, when you think about it. If it's dumb enough for politicians, it should be dumb enough for lots of people. As long as it's good enough (like the current 50% inclusion rule), I won't complain. It's the KISS principle (Keep It Simple Stupid).
I don't intend to offend anyone, that part is just a bonus.
Science flies men to the moon. Religion flies men into buildings.
Science flies men to the moon. Religion flies men into buildings.
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Re: Federal Budget 2017 - March 22
You're right. Fixed it.
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