Breaking down the capital gains tax fight | The Big Story

[@BeerAndWarcraft]

The Liberals can't leave fast enough.

[@TonyBongo869]

Ha jokes on the federal government! I don’t own a cabin because there is no lake within 3 hours drive of Calgary worth plunking a cabin on.

[@patsycrowdis2629]

Flipping a property should be taxed…

[@steveswhirld]

to the max

[@re-replied]

It is, if it's not your primary residence... and it is, even if it's your primary and only residence, if you buy & sell withing a fiscal year.

[@ElainEmail-m7q]

Why not invite the people being affected by capital gain tax increases? The best way to know the reality of the capital gain tax increases from Trudeau's team of Liberals , ALL chambers of commerce, boards of trades and professional associations should immediately host their business summits on this topic....guest speakers : Trudeau's team of Liberals, then next day : Poilievre's team of Conservatives Let the real business society ask their questions to both teams of politicians on capital gains taxes increases .

[@lassiewho]

I am not rich at all but own an inexpensive rental unit. Within a few years I will need to sell either my principal house or my rental house. I’m retired and want to stay where I am but this capital gains tax is forcing me to move into my rental unit since I will owe one hundred thousand dollars in taxes, too much to sustain my retirement needs. It’s heart breaking to me losing my principal home so thanks Trudeau. You will not have my vote

[@re-replied]

To make $250k in Capital Gain, you have to sell and cash in something worth $3M (@ 8% gain)... Who has $3M?

[@williamterrymasters1934]

Money is the root of all evil by Satan not GOD a Spirit that created it by a Spirit