The Lions
A group of friends with mostly centrist or conservative viewpoints who share resources and ideas about the governance of Alberta and Canada and about world events and trends.
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Allen_D@Allen_D
June 14, 2024
The capital gains tax is a tax on the very inflation that governments cause
$100 invested in 1984 without any increase in actual value would be worth $266 today, so sold at break+-even, the imaginary but taxable capital gain would be 2/3 x 166, or $111.
Therefore, even if you broke even -- the investment made zero -- you are being taxed on recovering $111 of your own pre-tax invested money.
https://www.inflationtool.com/canadian-dollar/1984-to-present-value?year2=2024&frequency=yearly
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No Excavations Done Yet at Kamloops Residential School as First Nation Provides Update on ‘Complex’ Investigation
"I am honoured to speak directly with Albertans about the road ahead for our province, the choices we face together, and how you will have the final say in shaping Alberta’s future within a strong and united Canada."
https://x.com/ABDanielleSmith/status/2024661280163058030
