81
Capital gains tax 'last thing the Canadian economy needs,' say business groups
(ca.finance.yahoo.com)
this post was submitted on 18 Apr 2024
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For the average person it would just effect them selling their house
It doesn't apply to returns from selling your primary residence, even.
The only people outside of the ownership class (landlords, and people who own and peddle stock for a living) who are going to get caught in this are people who inherit an extra house.
So they changed capital gains? Because before it subtracted through years lived in compared to value
Yes. Primary residences are exempt from the increase in the capital gains tax. People selling their primary residence are unaffected by the budget.