>TFW only 20 years old >TFW my contribution room to my

bump

post canadian feels too

well

>>1756752
No one else knows what a contribution room is

>>1756879
what do you mean by this

point of thread is ?

>>1756752
10% is not what I would call being raped by taxes.

>>1756944
what the fuck are you talking about

>>1756752
But we need the rich to pay their fair share anon :^)

>>1756947
How much is Canadian capital gains anyway?

>>1756995
half of the capital gain at ur current tax rate
>make 100$ off a stock
>$50 is taxed at whatever ur incometax rate is

so if ur in the uper level of canada thats going to be 50% of 50%
so if you make 100$,25$ give or take is going to be applied to ur tax return

I think

>>1757003
>Currently, only 50% of realized capital gains are taxable in Canada at an individual's tax rate. Some exceptions apply, such as selling one's primary residence which may be exempt from taxation.[4] Capital gains made by investments in a Tax-Free Savings Account (TFSA) are not taxed.

>For example, if your capital gains (profit) is $100, you are taxed on $50 at your marginal tax rate. That is, if you were in the top tax bracket, you would be taxed at approximately 43%, in Ontario. A formula for this example using the top tax bracket would be as follows:

>(Capital gain x 50.00%) x marginal tax rate = capital gain tax

>($100 x 50.00%) x 43% = $50 x 43% = $21.50

>In this example your capital gains tax on $100 is $21.50, leaving you with $78.50.
https://en.wikipedia.org/wiki/Capital_gains_tax

>>1756885
>he doesn't have 52k of contribution room
Get rekt