As a Realtor, I am constantly being asked, lately, about the implications of the new capital gains rate. Firstly... the capital gains tax (new or old) has no bearing on the sale of your own personal home. But it will impact some people in different ways. I know better than to wade into the mystical, nasty world of Revenue Canada tax policy.
So... This is the best article I have been able to find that speaks to the average person in a concise way. Hope it is helpful.
Comments