VeganPizza69 Ⓥ@lemmy.worldcake to Fuck Cars@lemmy.worldEnglish · 14 days agoWealthy Canadians announce BMW X3 convoy to protest capital gains tax hikewww.thebeaverton.comexternal-linkmessage-square16fedilinkarrow-up160arrow-down14file-text
arrow-up156arrow-down1external-linkWealthy Canadians announce BMW X3 convoy to protest capital gains tax hikewww.thebeaverton.comVeganPizza69 Ⓥ@lemmy.worldcake to Fuck Cars@lemmy.worldEnglish · 14 days agomessage-square16fedilinkfile-text
minus-squarelengau@midwest.sociallinkfedilinkEnglisharrow-up13·14 days ago$250k in capital gains has very different implications from $250k in salary.
minus-squareNomecks@lemmy.calinkfedilinkEnglisharrow-up2arrow-down3·14 days ago$250k in cap gains represents about a million dollars of gain. That’s not enough to retire for most Canadians and is definitely attainable by a lot of workers.
minus-squarelengau@midwest.sociallinkfedilinkEnglisharrow-up6·14 days agoI’d love a million dollars in gains in a year… Heck, I’d love to have even half a million dollars of total assets.
minus-squareNomecks@lemmy.calinkfedilinkEnglisharrow-up1·14 days agoIf you have a million dollars in gains for ONE year, like you sell an asset to retire, you get hit. I agree, multple years of $1m gains is excessive.
$250k in capital gains has very different implications from $250k in salary.
$250k in cap gains represents about a million dollars of gain. That’s not enough to retire for most Canadians and is definitely attainable by a lot of workers.
I’d love a million dollars in gains in a year…
Heck, I’d love to have even half a million dollars of total assets.
If you have a million dollars in gains for ONE year, like you sell an asset to retire, you get hit. I agree, multple years of $1m gains is excessive.
How is that?