Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan.
The capital hains tax is a double tax, not a seperate tax.
A person gets paid, government taxes the person for making money. With the money the person has left, they invest that money, they withdraw or sell their investment, they get taxed on that money again, the capital gains tax.
Capital gains tax serves as a punishment for being smart in business and financial management, typically from people who are envious and jealous that other people are successful and they are not, so take it away through taxes to oppress all people equally.
For that reason, some people turn a blind eye to anyone who commits tax evasion.
The capital hains tax is a double tax, not a seperate tax.
A person gets paid, government taxes the person for making money. With the money the person has left, they invest that money, they withdraw or sell their investment, they get taxed on that money again, the capital gains tax.
Capital gains tax serves as a punishment for being smart in business and financial management, typically from people who are envious and jealous that other people are successful and they are not, so take it away through taxes to oppress all people equally. For that reason, some people turn a blind eye to anyone who commits tax evasion.