As you may have known, the Parti Québécois wants to increase the taxable portion of capital gains to 75%, while everywhere else in Canada, including the federal government, this share will remain at 50%. This measure risks sparing the “superriches”, who will try to circumvent it through tax optimization strategies involving other provinces. But it will hit hard the other taxpayers who will have to pay more tax as a result of the sale of a cottage, a duplex or shares for example.
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