If mom croaks and leaves their precious basement dwelling soyboi a shitbox house worth $1.5 million because of an over inflated Trudeau economy, they/them would owe 65% tax on $1.25 million.
This isn't good for anyone. It's another way towards you will own nothing and be happy.
Yikes 50% capitol gains tax effects us all.
I believe they're proposing 65% on gains over $250k
Except for urall. Cause they live wirh their Mom. LOL!
If mom croaks and leaves their precious basement dwelling soyboi a shitbox house worth $1.5 million because of an over inflated Trudeau economy, they/them would owe 65% tax on $1.25 million.
This isn't good for anyone. It's another way towards you will own nothing and be happy.
I could b wrong but I think it applies only when the sale of the real estate is not the primary dwelling.
It doesnt matter though the important thing is we keep funding the war machine with all our tax dollllllllllar$$$$$
Show the folks where it says children have to pay the tax when their parent dies.