Suggestions:
- Family Incomes of $400K or less, the inclusion rate on Capital Gains (CG) the taxable portion should drop to 45% on the first $500K of CG in that year,then rise to the current 50% above $500K.
- Family Income of $400K or less the Dividend Tax should be a simple net 10% Tax on a Dollar Dividend Income earned . No Gross up, No creative right-offs for Dividend Income,therefore you make a $1.00 of Dividend Income you pay 10% Divi Tax net to CRA and 15% for > $400K incomes.
- Family Income of $400K or less the Real Estate Investment CG will drop to 45% on the 1st $250K then rise to 52%. (not apply to REIT investments)
- House Flippers #1 Rule : sell in 365 Days, a net 10% House Flipper Tax to CRA on Gains + no CG relief therefore add Gains as personal Income from your real estate investment.
- House Flippers #2 Rule: sell in 2 years, a net 5% Tax to CRA on Gains + 52% Capital Gains Inclusion Rate. (rule # 2 does not apply for job moves, divorce , loss of job etc.. )