The Rational Reminder Podcast | Budget 2024: The Capital Gains Inclusion Rate | Rational Reminder 304 @rationalreminder | Uploaded May 2024 | Updated October 2024, 13 hours ago.
Meet with PWL Capital: calendly.com/d/cpws-jyp-znp
The Canadian government has recently proposed significant changes to how capital gains are taxed, but how will this impact Canadians? In this episode, we delve into the proposed capital gains tax changes and their impact on financial planning. We unpack the definition of capital gains tax and the complexity of the proposed changes. Explore the historical trends of capital gains tax rates in Canada, how capital gains tax works, and who will be impacted by the proposed changes. We discuss the intricacies of the alternative minimum tax (AMT), its relevance to capital gains tax, and whether the old or new AMT rules apply to the upcoming changes. Gain insights into tax considerations for long-term investment strategies, the importance of tax diversification in mitigating risk, lifetime capital gains exemption, tax planning ramifications, and more! Although this episode is Canadian-focused, it offers many useful takeaways for non-Canadians as well. To gain a comprehensive understanding of the complexities surrounding capital gains tax and strategies to navigate the proposed changes effectively, tune in now!
Timestamps:
0:00:00 Intro
0:03:48 Main Topic: Planning for an Increasing Capital Gains Tax
0:51:26 Aftershow
Links From Today’s Episode:
Rational Reminder on iTunes — itunes.apple.com/ca/podcast/the-rational-reminder-
podcast/id1426530582.
Rational Reminder Website — rationalreminder.ca
Rational Reminder on Instagram — instagram.com/rationalreminder
Rational Reminder on X — twitter.com/RationalRemind
Rational Reminder on YouTube — youtube.com/channel
Rational Reminder Email — info@rationalreminder.ca
Benjamin Felix — pwlcapital.com/author/benjamin-felix
Benjamin on X — twitter.com/benjaminwfelix
Benjamin on LinkedIn — linkedin.com/in/benjaminwfelix
Cameron Passmore — pwlcapital.com/profile/cameron-passmore
Cameron on X — twitter.com/CameronPassmore
Cameron on LinkedIn — linkedin.com/in/cameronpassmore
Mark McGrath on LinkedIn — linkedin.com/in/markmcgrathcfp
Mark McGrath on X — twitter.com/MarkMcGrathCFP
Capital Gains Calculator — research-tools.pwlcapital.com/research/realize-gain
Episode 224 — rationalreminder.ca/podcast/224
Episode 284 — rationalreminder.ca/podcast/284
Episode 299 — rationalreminder.ca/podcast/299
Episode 302 — rationalreminder.ca/podcast/302
Canadian Medical Association — cma.ca
The Money Scope Podcast — moneyscope.ca
The Most Important Lessons in Investing — youtube.com/watch?v=MOjS2zuQMdo
Dan Solin — danielsolin.com
Compensation Strategies for Canadian Business Owners — pwlcapital.com
compensation-strategies-for-canadian-business-owners2/
Books From Today’s Episode:
The Wealthy Barber — amazon.com/Wealthy-Barber-Updated-3rd-Commonsense
dp/0761513116
Meet with PWL Capital: calendly.com/d/cpws-jyp-znp
The Canadian government has recently proposed significant changes to how capital gains are taxed, but how will this impact Canadians? In this episode, we delve into the proposed capital gains tax changes and their impact on financial planning. We unpack the definition of capital gains tax and the complexity of the proposed changes. Explore the historical trends of capital gains tax rates in Canada, how capital gains tax works, and who will be impacted by the proposed changes. We discuss the intricacies of the alternative minimum tax (AMT), its relevance to capital gains tax, and whether the old or new AMT rules apply to the upcoming changes. Gain insights into tax considerations for long-term investment strategies, the importance of tax diversification in mitigating risk, lifetime capital gains exemption, tax planning ramifications, and more! Although this episode is Canadian-focused, it offers many useful takeaways for non-Canadians as well. To gain a comprehensive understanding of the complexities surrounding capital gains tax and strategies to navigate the proposed changes effectively, tune in now!
Timestamps:
0:00:00 Intro
0:03:48 Main Topic: Planning for an Increasing Capital Gains Tax
0:51:26 Aftershow
Links From Today’s Episode:
Rational Reminder on iTunes — itunes.apple.com/ca/podcast/the-rational-reminder-
podcast/id1426530582.
Rational Reminder Website — rationalreminder.ca
Rational Reminder on Instagram — instagram.com/rationalreminder
Rational Reminder on X — twitter.com/RationalRemind
Rational Reminder on YouTube — youtube.com/channel
Rational Reminder Email — info@rationalreminder.ca
Benjamin Felix — pwlcapital.com/author/benjamin-felix
Benjamin on X — twitter.com/benjaminwfelix
Benjamin on LinkedIn — linkedin.com/in/benjaminwfelix
Cameron Passmore — pwlcapital.com/profile/cameron-passmore
Cameron on X — twitter.com/CameronPassmore
Cameron on LinkedIn — linkedin.com/in/cameronpassmore
Mark McGrath on LinkedIn — linkedin.com/in/markmcgrathcfp
Mark McGrath on X — twitter.com/MarkMcGrathCFP
Capital Gains Calculator — research-tools.pwlcapital.com/research/realize-gain
Episode 224 — rationalreminder.ca/podcast/224
Episode 284 — rationalreminder.ca/podcast/284
Episode 299 — rationalreminder.ca/podcast/299
Episode 302 — rationalreminder.ca/podcast/302
Canadian Medical Association — cma.ca
The Money Scope Podcast — moneyscope.ca
The Most Important Lessons in Investing — youtube.com/watch?v=MOjS2zuQMdo
Dan Solin — danielsolin.com
Compensation Strategies for Canadian Business Owners — pwlcapital.com
compensation-strategies-for-canadian-business-owners2/
Books From Today’s Episode:
The Wealthy Barber — amazon.com/Wealthy-Barber-Updated-3rd-Commonsense
dp/0761513116
