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
This article is from Red Deer's NDP rag. Love how he is doing his town halls in small communities and the first ones are all large ones. How many will show up in small communities?
https://www.reddeeradvocate.com/local-news/this-thing-is-such-a-sham-alberta-ndp-leader-slams-alberta-next-panel-8137083
Did anyone here watch the town hall from Edmonton last night? I watched the first from Red Deer on X and attempted to watch last night on FB but the hecklers and comments pissed me off so quit watching. after about 15 minutes. They are sure a different bunch north of me and I don't say that in a positive way from what I heard. I am sure Ganum will have something to say negative as he didn't watch from Red Deer but had lots to say.
