TAXES, TAXATION, TAX and Canadian stocks Message Board

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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks

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To: Condor who wrote (201)	10/15/2000 11:55:12 AM
From: Kayaker	of 548

Just read that the CDN capital Gains Tax will be reduced from 66 2/3% to 50% on Wednesday by the Feds. Is there an article on this someone could point me too? Thanks. Edit. Found it at the Globe & Mail. globeandmail.com Capital gains tax to be cut By SHAWN McCARTHY and HEATHER SCOFFIELD Globe and Mail Update Ottawa — Finance Minister Paul Martin is set to make a steep cut in capital-gains taxes as part of a Liberal election plan to boost Canada's performance in the high-tech economy. In a mini-budget on Wednesday, Mr. Martin will drop the so-called inclusion rate for capital gains to 50 per cent from two-thirds, sources confirmed yesterday. That means someone who sells shares for a profit would pay income tax on only 50 per cent of that profit; currently, they would pay income tax on two-thirds of the gain. The new tax rate will apply immediately to capital gains realized after it is announced. Capital gains realized before Wednesday will be taxed at the old rate....

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