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Canada’s Capital Gains Tax: The Silent Killer of Your Wealth?

Living in Canada 107 views

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You’re spreading rich people propaganda, probably because you’re ultra rich yourself from YouTube However, in reality these doctors are making half a mil every year They should be paying a lot more
Comment from : @mostinho7

more public workers, paid more, will fix that situation dont worry
Comment from : @paspep

Seriously people it's income just that is taxed just like interest on your savings account
Comment from : @CommonSenseFemale

Canada just realized they f*cked up by electing all these liberals Thanks for legalizing cannabis, but the conservatives are about to take over
Comment from : @smokinghippie

God damn assholes want to sell my home calculated i would have to give UKRAINE $118000 u get punished for investing that i counted on for retirement! My only LAST HOPE IS PIERRE
Comment from : @paulcormier7036

Just make sure transfer your crypto to your other app in other countries like dubai or and don't pay tax in Canada,,because your tax money goes to terrorist in middle east or goes to governments rich people
Comment from : @babfar

Communist bandits
Comment from : @DarkoHalilovic-i6t

Why God why was I born in a communist country
Comment from : @canadiansurvivorman

Is there some sort of notification you get when such a policy is adopted and you just happen to stumble your way up that bracket that specific year?
Comment from : @csortitoutseul

We shouldn't be paying any taxes because it is our money!!! Taxation is theft!!!
Comment from : @SoLNaTaL555

It's Rigged, top-to-bottom Nobody will ever stay in Canada when there is NO-Chance of Ever Retiring Work until you're buried
Comment from : @michaelplog363

The biggest problem is this policy hasn’t been passed in parliament and CRA is still taking
Comment from : @reddogatv1

It hasn't been voted in so the Capital Gains stays the same and not 6666
Comment from : @ahhafamiliprix

Capital gains tax should be lowered substantially not only for future investment in Canada but also for people that take the time to learn how to invest in the market and make these profitable gains they should not be penalized for it due to poor management at the federal level of government I also heard the increased inclusion rate has not been voted on however the CRA will tax citizens in 2025 regardless… taxation without representation
Comment from : @Johnny-ye6rg

Canada has the LARGEST government in the whole world ! 20 of the labor works for Government Waste waste wastecut the wastestop being reckless Reduce size of government by HALF
Comment from : @AlexSrouji

Every time I log into step finance, I feel like I got my life together Solana blessings
Comment from : @RoyalTorphy-f2c

Geez, no wonder a lot of the Canadians are on their knees begging to become the 51st state Thats straight out robbery
Comment from : @km3106

Are the capital gain changes dead since no legislation has been passed and it looks like none will be passed any time soon? Seems like people will start filing their taxes before parliament sits again
Comment from : @ポール-k7f

wait till our dollar is inflated away 20 years from now 500 000 might not be as much as you think
Comment from : @ScootymcpuffSr

The media is part of the swamp
Comment from : @sackustwilight6957

THE CANADIAN SWAMP
Comment from : @sackustwilight6957

See what happens as Canada's wealth leaves the country Taxes or affluence - pick one
Comment from : @bitsanity

Will be moving to USA after Trump is sworn in
Comment from : @rongariepy8042

Taxes are designed to keep the majority of the population from getting rich The less money people have, the easier it is to CONTROL them! That simple! Some Governments use Guns, others use Taxes!
Comment from : @-WhizzBang-

My god, that’s insanely HUGE capital gains Any is insane to me The government literally prints money, why do we keep accepting them stealing ours?
Comment from : @adamzioriophotography

Any tax is too much! We already pay tax on everything that we buy so we should not have to pay taxes on the money we made
Comment from : @denisgoupil7712

666 ? is it taxes from hell?
Comment from : @coco9004

-40 celcius, 6 months of cold, everything is way too expansive abd now 66,6taxes? are you f blind? why not mive out?
Comment from : @coco9004

why you want waste your time takkjng about a shit hole country ? why not become none resident and move to another country?
Comment from : @coco9004

Anyone that voted liberal last time, can thank themselves for the astronomical high taxes, high cost of living, and horrible housing crisis we are in Any Canadian that wants a better life needs to kick Trudeau out of office
Comment from : @vadermike7772

They are just destroying companies Moreover they do not increase the 500000 limit for the small companies (the Number is the same for over 10y, shoupd be adjusted ) Plus, of your company Cross the 500k you jump from 11 (BC) to 27 fax…brPlus, every dollar in capital gains accounts to 5 dollars (virtual) in your bracket It is just impossible for a small company to grow herebrTrudeau destroyed any chance to grow and hire more ppl
Comment from : @sacidujiu

Lower taxes in Hong Kong just saying
Comment from : @barenekid9695

This government really trying to prevent poor people from getting rich
Comment from : @sckb4

Silent?!? What you mean silent? It screams "Your country is socialist!! you've lost your country!!!!" Only the wise can hear it though
Comment from : @Paul-fk8qy

At what point is excessive tax theft of the people’s money? If only high taxes were our only problem I don’t even want to think about the debt Are people finally starting to connect the dots in that everything Justin Trudeau does seems to be directly aimed at hurting Canada?
Comment from : @mechanicjobs

What we need here in Canada is more taxes …… May I suggest a methane tax……
Comment from : @PanzerDenethor100

Sweet vid! Just wondering Can you just give your accountant monthly statements from your exchange when you file your taxes? Along with your t4s etc ?
Comment from : @JaredEsko

They love your tax dollars: Ukraine mafia, local western politicians like Joe Bananas and his son Hunter and local military industry
Comment from : @bobtate6812

35 born and raised Canadian looking to move out of Canada for a better less tax life
Comment from : @BigWhite002

Somebody has to pay for Ukraine war and soon 2 or 3 of the GDP are going to NATO military complex !😢
Comment from : @jaildofs6410

22 is still fk ton who the fk wants to make money now in Canada , economy going to a sht hole
Comment from : @DHSssss

Question is if our next PM Poilievre is rolling this back to stay competitive? Are there any plans announced?
Comment from : @marcohandmann4843

Down we go 😂 - it wont change ever because we are the most woke ,stupid and silent nation in G7 or G20 - heck if they raise taxes to 80 tomorrow Canadians willl eat it and applause 😂
Comment from : @FxFilipp

The title shown on the snapshot is incredibly misleading The tax rate is not 67 It's how much of your capital gains are taxable AT ALLbrbrGood Christ this is dishonest
Comment from : @johnedwards1968

In other words the government is a crook and stealing our money
Comment from : @martindubreuil6289

Anyone who pulls in this sort of gain knows how to get around it
Comment from : @crawz83

I believe in you dear God bless me and my family thank you amen amen ❤️❤️🙏🙏
Comment from : @Brancavicente46Vicente-q6k

You should do some research This rule has yet to pass through the senate Don’t spread fake news
Comment from : @ShandalCPAConsultant

You are not meant to be wealthy, you are meant to work and exhaust your earnings
Comment from : @vulcan4d

😍
Comment from : @ChronicKPOP

Why is it that we Canadians pay taxes and yet Trudeau sends money to Ukraine, takes lavish vacations and allows illegal immigrants to flood into Canada?
Comment from : @jksurveyer

Thank you-that was a good explanation/breakdown of the changes to the capital gains taxes Also you gave a solid suggestion of the TFSA for those in the scenario of having lump sums from recent realized capital gains
Comment from : @PlanFreeFinanceandAbundance

Ummm havent you heard abpit the Panamanian double back? Common girl you gotta be more creative
Comment from : @AG-en5y

You are GORGEOUS!!!!! 😍
Comment from : @wmc2230

the killer who isn't so silent is Justin Trudeau and Jagmeet Zing These two caused this tax hike and all of Canada problems To you liberals out their, read up on the word polarization Canada is unaffordable and the carbon tax is doing nothing for the environment but bankrupting Canadians We are responsible for <2 of global emmissions and we are already environmentally responsible
Comment from : @seap9570

No capital gains tax on registered accounts such as RRSPs and TFSAs
Comment from : @dadsfave

Tax the hell out of you, cut services and ship millions to Ukraine
Comment from : @RK-hw9tg

I wish capital gains had no tax but I’m ok with them taking less than 5 Truth is the government like any business spends too wastefully so they need to scrape every dollar they can That’s my opinion but I feel like the pattern I’ve seen while living here suggests I’m right
Comment from : @lucapietrangeli270

Clue in they are stealing every dime
Comment from : @downlowperformanceinc4860

Dear Chiu, please quit waving your arms and hands around: it is so distracting, and leaves us dizzybrHope you can show your charts more often, so we don't have to look at your waving hands and arms as oftenbrVery nice charts Wondered if you were trying to defend the corrupt Liberal/NDP government and their increased capital gains taxes? (And couldn't figure out what Brain Drain from Canada has to do with the video title)brPlease sit on your hands throughout your videos You are a smart girl, otherwise How does Wealth Simple profit?
Comment from : @kmilton1593

It is a tax born out of envy, bitterness and socialism This is Canada in 2024, a nation in decline led by one of the worst prime ministers in the history of the country
Comment from : @briansmith5239

Taxes are illegal and we will be getting all of it back! If you haven't heard of Nesara/Gesara, look it up with DrScott Young
Comment from : @jaycollins9244

The new incoming US Government is going to slash taxes like crazy while we mooks north of the border are raising them Even when the Tories win in 2025 they will not cut taxes and garbage regulations nearly enough to stop the Brain Drain that is going to occur over the next decade When all said and done our top surgeons who remain here wouldn't be allowed in any OR in the cities of America
Comment from : @zingpulse4138

Request for a video sometime in 2025 on tax implications in Canada for crypto before we hit "the banana" zone!brViele Grüße aus Toronto 🙌
Comment from : @shaynegraymedia

Liberals and ndps have destroyed the country It will take a very long time to dig our way out of their mess
Comment from : @mrsmith913

This is true: the rich leave, and the ones who end up paying this tax are the poor All the poor who think they're paying very high taxes but are getting something in return will be disappointed because this is only in the short term When there's no money, everything starts to deteriorate—the public services worsen, and government corruption begins to increase
Comment from : @cesarmasaharu

A flat rate of 10 income tax us the only tax needed to run this small country Start off by cutting government by 90, abolish government pensions and increase production of energy
Comment from : @mrpotatohead6138

Does it not just start this year? All the profit made in the past 20 yrs still taxed for past taxes and o ly from this year is 67
Comment from : @kentclark9740

🇷🇺 🇷🇺 🇷🇺 No Carbon Tax, No Capital Gains Tax 🇷🇺 🇷🇺 🇷🇺
Comment from : @westbenchmancave

House inheritance is wrong! The value for capital gains would be value at time parents death for starting gain not what parents value
Comment from : @ronlemont8307

Thanks Liberal voters thanks alot for the disaster of a Country now, next they are comming for your house when you sell it gotta love those Liberals
Comment from : @marksticky

Punish the producers to give to the low or non producers Now taking away our guns Communist Canada
Comment from : @ladyjade6446

Capital gains tax is the final nail in the coffin of the middle class
Comment from : @jimmyalloul

Please articulate, when speaking instead of just a speedy reading, eating up many words
Comment from : @ougmass

Right now btc made me 100k and I make 100k at work Should I sell my crypto? No right? But I will want to in 1 year, what should I do?
Comment from : @dns_error

Canada is a socialist country , period The biggest employer in canada is the government
Comment from : @orfatron

No, they think they can charge 67 tax that is not even law? Well my expenses just went up 45 Two can play that game
Comment from : @ChrisMCP2

Yes, let's cancelled all taxes for the richest so we will be more competitive!
Comment from : @ffxktzzs

I dislike taxes for one main reason: the government requires individuals to calculate their own taxes and imposes heavy penalties for mistakes While I have no problem paying taxes as a Canadian citizen, it seems strange to me that I have to do the paperwork when the government already has all the necessary information
Comment from : @Amberabove

Didn’t you know Canada is a Nation of socialism? brThat’s why recent immigrants are leaving Canada
Comment from : @clarakim3367

Unfortunately what Canadians don't realize is that taxes were not created to give us Healthcare, transportation, etc Taxes were created to support those in control of ordinary people Once you realize that, you will think and act differently
Comment from : @19artem87

The narrator is stupid! The tax isn’t 66 7 tax on capital against 667 is the portion of capital gains that’s will be taxed!
Comment from : @steveramsey7983