Current location:Stellar Spectacle news portal > travel
Justin Trudeau's government raises taxes on wealthiest Canadians in federal budget
Stellar Spectacle news portal2024-05-21 17:39:07【travel】6People have gathered around
IntroductionOTTAWA, Ontario (AP) — Canadian Prime Minister Justin Trudeau ’s government announced Tuesday it is
OTTAWA, Ontario (AP) — Canadian Prime Minister Justin Trudeau ’s government announced Tuesday it is imposing higher taxes on the wealthiest Canadians as part of the federal budget.
The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets.
The taxable portion of capital gains above $250,000 Canadian (US$181,000) would rise from half to two-thirds, which the federal government says will only affect 0.1% of Canadians and raise nearly $20 billion Canadian (US$14.5 billion) in revenue over five years.
“I know there will be many voices raised in protest. No one likes paying more tax, even — or perhaps particularly — those who can afford it the most,” Finance Minister Chrystia Freeland said.
“But before they complain too bitterly, I would like Canada’s one per cent — Canada’s 0.1% — to consider this: What kind of Canada do you want to live in?”
Address of this article:http://uruguay.boluescortbayan.net/article-36b399621.html
Very good!(34657)
Related articles
- Verona confirms Serie A status for another year after beating Salernitana
- New 10,000
- Hall of Fame defensive back Jimmy Johnson dead at age 86
- Angel Reese invites Michael Jordan to watch her play for Chicago Sky ahead of WNBA season
- The Latest
- Hilarious moment dog owner plunges into a river after being dragged in during a game of catch
- AP Week in Pictures: North America
- Inside British Airways' HQ control room
- Candice Swanepoel stuns in a form
- Abbey Clancy reveals her husband Peter Crouch once sent a very inappropriate text to her mum
Popular articles
Recommended
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
New 10,000
Israeli army carries out airstrikes on eastern Rafah
Apple TV fans sent into a FRENZY over trailer for upcoming thriller starring Jake Gyllenhaal
Four people killed in a house explosion in southwestern Missouri
World's largest deinonychosaur tracks discovered in China's Fujian
McIlroy says he and Adam Scott also involved in Saudi meetings
Justin Bieber and Hailey Bieber are expecting a baby
Links
- Epiphanny Prince retires from basketball after a 14
- Teresa Giudice, 51, of RHONJ poses with her mini
- Hundreds of German police subdue 'hooligans' in training exercise for Euro 2024
- Britain's home secretary touts UK
- Texas deputy dies after being hit by truck while helping during accident
- Plane crashes into river outside Fairbanks, Alaska
- Cyberattacks are on the rise, and that includes small businesses. Here's what to know
- Man sentenced to 6 years in prison for attacking police with pole at Capitol
- Athens skies turn an orange hue with dust clouds from North Africa
- Supreme Court will hear Trump’s immunity claim. Here’s what to know