Trudeau proposes 67% Capital Gains Tax for stocks and crypto

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Trudeau proposes 67% Capital Gains Tax for stocks and crypto

Amidst the housing crisis in Canada, which has placed significant pressure on aspiring young homebuyers, Premier Justin Trudeau has proposed a new Capital Gains Tax. This tax would range from 50% to 67%, depending on the taxpayer’s income bracket. The Capital Gains Tax is levied on individuals when they sell an asset or capital property, with capital gains representing the profits from such sales.  According to the Canada Revenue Agency’s websit…