True Patriot Love - April 30, 2026


Capital Gains Tax Hike Shelved： Trudeau's Plan Reversed!


Episode Stats


Length

1 minute

Words per minute

172.96709

Word count

212

Sentence count

15


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 So what happened a few years ago is the Trudeau government were proposing to increase the inclusion rate on capital gains from 50% to two-thirds.
00:00:11.120 And what that means is that when you're in something like employment income, interest income, if you earn $100, you pay tax on the full $100.
00:00:19.280 But when you generate a capital gain from the sale of an investment, the sale of a property that's a capital asset, you only pay tax on 50% of the gain.
00:00:31.740 So you make $100, you only have to pay tax on $50.
00:00:34.180 $50 of it is tax-free.
00:00:35.700 So they were proposing to increase that inclusion rate to two-thirds.
00:00:39.400 So you'd pay tax on $66.67 of the $100 that you gain, which would have been a significant tax increase.
00:00:48.300 Oh, yeah.
00:00:48.820 That created a big uproar amongst not only the investment community, but you think about people that had a cottage that they've had for many, many, many years.
00:00:57.360 And to pay 50% tax or 50% inclusion rate instead of a two-thirds inclusion rate is a big difference.
00:01:03.880 The good news is the Kearney government said we're not doing that.
00:01:06.780 So it's been shelved hopefully forever.
00:01:10.160 It hasn't been postponed.
00:01:11.420 It's just off the table now, which is good news.