With the political craziness in Ottawa, let's check in on the capital gains tax hike proposed in the April budget. 8 months later, legislation has not even been introduced, but CRA put the new rules into effect as of June 25, 2024.
CRA is saying that even an election will not cause it to go back to the 50% inclusion rate:
If Parliament is dissolved for an election before the higher inclusion rate has become law, the CRA will continue to administer the proposed legislation, agency spokesperson Nina Ioussoupova said via e-mail.
This makes no sense at all. There needs to be a time limit for a govt to put legislation in place to raise taxes.
How much uncertainty can the country handle? It is time for government to withdraw this proposal and allow each party to outline its position on capital gains taxation during the upcoming election campaign.
CFIB also welcomes any advice on whether CRA's position would stand up legally.
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Ottawa has yet to pass the law to raise the capital gains tax. What it means for your 2024 taxes /via @globeandmail https://t.co/Y5tSFLyxLt
Throwback to when the hockey world praised Stuart Skinner.
This is a goalie who is underperforming in the current moment but has shown he can be much, much better.
Interestingly enough, around this time last year he also had the worst GSAx in the NHL.
@TheBoogeyman635@Condors Campbell worked with Manny Legace during the offseason and came into preseason looking sharp, spent a couple weeks with the Oilers and lost his game. Goes to the A and brings Legace with him and appears to find his game.
I'd say there's a correlation there.