CashNews.co
Doctors in Canada are calling on the federal government to mitigate the effect of a raised capital gains tax inclusion rate as other business groups make an arduous push to stop the planned increase altogether.
The raised rate, announced in April, is intended to make the tax system fairer, but it’s drawn umbrage from groups representing sectors including medicine, farming, and technology.
The inclusion rate is the amount of a capital gain that is included in a taxpayer’s income and then taxed at the taxpayer’s marginal tax rate when a capital gain—or loss—is realized, such as when real estate or …