Paying taxes on a half-million-dollar capital gain from a cottage or an investment property is a good problem to have

  • Someone@lemmy.ca
    link
    fedilink
    arrow-up
    7
    ·
    6 months ago

    Somehow I got lucky and the paywall disappeared on refresh. My takeaway was that we should make the capital gains on investment real estate (I’m assuming anything other than principal residence) be taxed at a 100% inclusion rate. Part of the reason is that most of the people seeing these gains are at the age where they’re starting to require a higher share of government spending while earning less from employment, so it’s reasonable for them to pay closer to their share of taxes.