Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Canadian Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

145
Posts
52
Votes
Chris Habets
  • Investor
  • Ottawa, Ontario
52
Votes |
145
Posts

Canadian Corporation and Capital Gains Changes

Chris Habets
  • Investor
  • Ottawa, Ontario
Posted

So, Monsieur Morneau has announced changes to private corporations and to the capital gains tax - but no real details. 

http://www.cbc.ca/news/politics/morneau-tax-change...

I'm assuming this will effect a lot of us here - if not the corporation rules, than at least the capital gains rules. This concerns me:

"Only 50 per cent of capital gains are taxed at a person's federal tax rate. Dividends face higher taxes. This loophole is being widely exploited, officials said, and measures to crack down on this creative tax planning will be included in future legislation, but will be retroactively applied as of today's date."

So as of July 18th, there is a new capital gains structure. I know that serial flippers are generally taxed as income, not capital gains, will this increase the likelihood of this being enforced?

So how does this effect you? Or how do you think it will?

Loading replies...