DISCLAIMER: Alex is not an Accountant, he is a Mortgage Advisor/Broker. If you're concerned about the impact to your finances, get in touch with an accountant as soon as possible.
In a significant policy shift, Justin Trudeau's Liberal Government has announced changes to the Capital Gains Tax that could have sweeping effects across various sectors of the Canadian economy. Join Alex McFadyen as he navigates through the intricate details of these new tax regulations, how they operate, and the potential impacts on your investments and the broader real estate market.
This video delves into:
📊 Understanding Capital Gains Tax: What exactly is the Capital Gains Tax, how has it traditionally worked, and what do the latest adjustments entail? We break down the complexities into easy-to-understand information.
🏠 Impacts on Real Estate and Economy: Explore how these tax changes could increase the tax burden on investment returns, affect foreign investment in Canadian markets, and potentially lead to adverse effects on the job market.
🌟 Potential Positive Outcomes: Despite the challenges, there might be silver linings associated with these changes. We discuss the possible benefits that could arise, like increased government revenue potentially funding public services or infrastructure.
Whether you’re a homeowner, investor, or just keen on understanding how these tax changes could affect you and the Canadian economy, this video provides essential insights.
#canadianrealestate #costofliving #personalfinance #capitalgains #canadianpolitics
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Timestamps:
0:00 Another Tax in Canada
0:50 What the New Capital Gains Tax is/How It Works
3:39 Impact on The Real Estate Market
4:39 Impact on the Economy
5:09 MORE Tax on YOUR Investments
5:56 Foreign Investment
6:14 Impact on Job Market
6:55 Less Rental Buildings?
7:14 The Good News?
7:43 Alex's Thoughts
Негізгі бет Trudeau Wants to Take MORE Money from Canadians
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