July 2019 Poll

Should the capital gains inclusion rate be increased to 75% as some advocates are proposing?

Comments


It didn’t work before. Why wpould now be any different?

By Alan Caplan on July 10, 2019


It is unfair to increase to 75 % to capital gain specially for those taxpayer.
The liberal party does know how to increase more money due to the increase in expenses

By Marina T Pineda on July 10, 2019


Why penalize someone so much for wanting to create wealth for them and their family?  This type of action reduces the desire to be independent and creates more dependency on Government systems.  If there were more incentives to create independent wealth it would make the entire country more wealthy as well.  Also it has been proven by the “Laffer” curve that higher taxes does not increase tax revenue.

By CJP on July 10, 2019


Inflation already makes it difficult to save for homes, retirement, etc.
Governments need to find ways of doing things more effectively in every which way, including costs!

By Dawson Pednault on July 10, 2019


I agree with Mitzi - Lynne.

No, no and no. The owner of the capital took the risk and supplied the capital to purchase the asset. To her (or him!) should go 100% of the gain

By Jacqui McFarlane on July 10, 2019


The only reason to do this would be to maximize short term tax revenues for the federal government. Long term would be disastrous to our economy as billions of dollars in investments would stop flowing into our already delicate economy. Brilliant! Maybe the government should get control of their spending instead of trying to milk the Canadian tax payer for even more money.

By Ron on July 08, 2019


No, no and no. The owner of the capital took the risk and supplied the capital to purchase the asset. To her (or him!) should go 100% of the gain. The government supplied no capital and took no risk, so how can they justify stealing tax on half the gain? Also, a capital loss is not treated the same. The capital gain goes into income, but the capital loss cannot be used against “other income”. It has to sit around until there are more capital gains from which it may be deducted. The inclusion rate should be zero.

By Mitzi-Lynne on July 05, 2019


No. Why invest in the higher risk investments if taxation of capital gains approaches that of other income. I would advise to shift an investment profile to the safer side and accept more dividends instead.

By TERRY on July 05, 2019


No.

By Randolph Edmead on July 04, 2019


I agree with Nancy. Seniors are constantly being hit with high taxes because of RRSPs, investments and and other income.

By Bob Kelley on July 04, 2019


I would say no due to the impact on seniors investments.  As interest rates remain very low the only way to get a decent return is to invest in stocks.  Seniors/retirees need this revenue.

By Nancy on July 04, 2019


The stock market is the only game in town for individuals who now need to provide their own retirement program. Defined pension plans are rare in the private sector and employees with a pension plan are now required to manage their own portfolio. Capital gains at 50% at least gives them a bit of a chance to increase their portfolios.

By Pat on July 04, 2019


The liberals have overspent and are desperate to try and find more revenue. They will do anything to increase taxes. Increasing the inclusion rate will have a huge negative effect on investing in Canada. The stock market will be affected negatively also. If anything the rate should be reduced to 25% to help stimulate growth in the economy.

By Bruce on July 04, 2019


75% is fine for short term holdings where inflation is a relatively small factor.
However, last time we had 75% capial gains inclusion was not long after rampamt inflation had been huge.
A client created a company in 1972 with significant fixed assets and grew through to the 80s (employing many people and investing in hard assets too) and then sold when the CG inclusion was 75%. He paid big cash taxes on huge inflation gains. His after inflation and after tax return was less than 1% per annum after risking hundreds if thousands of dollars.

By Bow on July 04, 2019


Really people the risk one takes to earn this is large
Remember 2008 36% down in the TSX
Result will be less investing in Stocks which in turn make it harder for companies to raise capital and governments will collect less taxes as there will be fewer jobs in the Private sector

By William on July 02, 2019