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
Merry Christmas to all of you. Thank you for helping me know there is a strong community of like minded people out there!!!!
A beautiful song to remind us all of what it is truly about! Best wishes!!
Check out this video, "o holy night jennifer nettles" https://share.google/Hhh9EME27vxOZRkdW
Bet you won't hear this on any major newscast
BREAKING: There is no detectable climate warming in Canada since 1945
This extensive CORRELATION report by PhD physicist and data scientist
@josephmhickey
published today proves that the claimed climate warming of Canada is false, based on badly manipulated temperature data.
https://correlation-canada.org/artificial-stepwise-increases-in-temperature-data-canada/
