Snow flurries outside, chill vibes inside me and my Bichon enjoying the best seat in the house. What's your favorite winter ritual? 🐕🦺🏙️ #SnowDay#PetLife
Knight in shining armor? Nah, just living my best medieval life at Medieval Times 🏰👑 Sword fights, feasts, and zero dragons harmed. Who's ready for round 2? #MedievalTimes#FamilyNight
NEW: Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work.
Here is a more detailed example:
Step 1. Starting position
You own 500 shares.
Value on Jan 1, 2028: €50,000
Value on Jan 1, 2029: €100,000
So the paper gain is:
€100,000 − €50,000 = €50,000 unrealized profit
You did not sell. But for tax purposes, that €50,000 is treated as income.
Step 2. Apply exemption
You are married, so you get a €3,600 exemption.
€50,000 − €3,600 = €46,400 taxable amount
Tax rate: 36%
€46,400 × 36% = €16,704 tax bill
That bill is due in May, even though you never sold anything.
Step 3. Market falls before you pay
Now suppose by May the shares drop in value.
New total value: €60,000
So your portfolio is no longer worth €100,000. It’s worth €60,000.
But the tax bill is still €16,704, because it was calculated based on the January 1 valuation.
Step 4. You must sell shares to pay tax
To raise €16,704, you sell part of your shares.
After paying the tax, you’re left with:
€60,000 − €16,704 = €43,296
Originally you had 500 shares.
Now you have 360 shares left.
You were forced to sell 140 shares.
140 ÷ 500 = 28% of your shares gone.
Step 5. What happened economically?
Before the correction:
Paper gain was €50,000.
After the correction:
Portfolio is worth €60,000.
Original cost basis was €50,000.
Real gain is only €10,000.
But you paid €16,704 in tax.
So instead of being up €10,000, you are now:
€43,296 − €50,000 = €6,704 below your original starting value.
You turned a €10,000 real gain into a €6,704 net loss.
And you lost 28% of your shares permanently.
It is officially Friday, January 16th🗓️ Describe your weekend plans using only three emojis. I’ll start: 🍕💤📚. Your turn👇 #Interactive#FridayVibes#WeekendPlans
Since the first photo features the iconic red TTC streetcars and the Frank Gehry-designed Forma construction, using hashtags like #Toronto, #KingWest, or #ONStorm
One year after resigning as Canada’s Prime Minister, Justin Trudeau is doing what he does best: staying in the headlines. #JustinTrudeau#KatyPerry#Politics#Canada
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Large chunks of ice were seen falling from downtown skyscrapers, forcing the closure of the intersection at Bloor and Yonge on Wednesday.
While police say no injuries have been reported, remember #Toronto: stay alert, look up, and stay safe.