Capital Gains Tax Changes 2024: What Canadian Investors & Business Owners Need to Know

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  • Опубліковано 15 січ 2025

КОМЕНТАРІ • 175

  • @EseagwuChukwuka-q5r
    @EseagwuChukwuka-q5r 13 годин тому +114

    I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love.

    • @GadsiBagdaty
      @GadsiBagdaty 13 годин тому

      wow this awesome I'm 47 and have been looking for ways to be successful, please how??

    • @RasdtyPasoy
      @RasdtyPasoy 13 годин тому

      I have tried trading after watching some UA-cam videos but I keep losing money. How do you manage to trade profitably?
      ❤🙏

    • @JamesMark-p6y
      @JamesMark-p6y 13 годин тому

      You are wrong, are you trading with this UA-cam video? Sorry, I am laughing. I advise you not to trade on your own without the help of a financial expert. Otherwise, you will have losses that will prevent you from trading further.🔥🔥🚀

    • @EseagwuChukwuka
      @EseagwuChukwuka 13 годин тому +1

      Buy and hold is risky because no one knows how the market will look like in the future, so it is better to trade than buy and hold because in the process of buying and holding you can lose everything when the price goes below your expectations. 😮

    • @โอ๊ตตาล-ค3ร
      @โอ๊ตตาล-ค3ร 13 годин тому

      which trader can you recommend that is very good at the cryptocurrency markets

  • @Carpenglerrr
    @Carpenglerrr Місяць тому +43

    Great perspective. With a good investment plan that ensures a steady income without any doubts, I and my wife are prepared for a well-organized retirement. I started investing in stocks 2 years ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.

    • @CherrytopShantel
      @CherrytopShantel Місяць тому +1

      You say it like it's easy forgetting that not everyone is as lucky as you are. I've tried to invest in the past without much progress. How are you able to do it?

    • @Carpenglerrr
      @Carpenglerrr Місяць тому +2

      It's totally far from luck. Jonas H W, a CFA has consistently outperformed the market ever since I got on his program. He has continued to put my $35k to good use with market driven strategies making me an optimal return of over $121k

    • @Fleneroy
      @Fleneroy Місяць тому

      That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.

    • @Drhuntley
      @Drhuntley Місяць тому

      Hi I'm just starting out and everything looks complicated. Can he help me?

    • @Carpenglerrr
      @Carpenglerrr Місяць тому +1

      Hermanw jonas that’s his gmail okay

  • @InternetDude
    @InternetDude Місяць тому +27

    I hate how much we are taxed in Canada, it just gets worse every year.

    • @allanmadan9959
      @allanmadan9959 Місяць тому

      I agree. The Canadian government needs to lower taxes to make our economy competitive in the global market.

    • @flyingiguana409
      @flyingiguana409 Місяць тому

      wouldn't be so bad if we got some value for our money. instead trudeau is able to go on expensive vacations and i can't afford to

    • @anitacho9023
      @anitacho9023 Місяць тому

      Feel like divorce every year before marriage

  • @fahimaethakhan8288
    @fahimaethakhan8288 Місяць тому +15

    We need govt efficiency department like US to lower tax and have a efficient and effective government.

    • @tonyfulford3175
      @tonyfulford3175 Місяць тому

      Just by getting rid of Trudeau and his Liberals, and the NDP will be a HUGE step in the right direction.

  • @cherylhills3227
    @cherylhills3227 Місяць тому +63

    The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.

    • @HaroldSimmons-mf3ep
      @HaroldSimmons-mf3ep Місяць тому

      I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.

    • @EthanWalter-wn3mk
      @EthanWalter-wn3mk Місяць тому

      I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.

    • @KatelynnCox-qb5er
      @KatelynnCox-qb5er Місяць тому

      Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out.

    • @KatelynnCox-qb5er
      @KatelynnCox-qb5er Місяць тому

      Do you have any recommendations for a good investment advisor? I could really use some help.

    • @EthanWalter-wn3mk
      @EthanWalter-wn3mk Місяць тому

      My CFA, Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.

  • @techeepeach1197
    @techeepeach1197 Місяць тому +10

    Gosh I hate Canada. JT is sucking all of us dry!

  • @Larry.Roberton
    @Larry.Roberton Місяць тому +5

    If you work hard in Canada, run, run run.

  • @ORIGINALJRL
    @ORIGINALJRL Місяць тому +5

    What if we all just stood up and said " no way in hell!" ?

  • @corradoQC
    @corradoQC Місяць тому +3

    When did the law pass in parliament exactly ?

  • @Bufford2024
    @Bufford2024 Місяць тому +6

    How to say were bankrupt ... without saying were already bankrupt ... out loud? 😅

  • @good2go4
    @good2go4 Місяць тому +3

    Will Poilievre bring back the 50% rate next year?

    • @allanmadan9959
      @allanmadan9959 Місяць тому +1

      I hope so.

    • @good2go4
      @good2go4 Місяць тому +2

      @allanmadan9959 yeah man... whats his phone mumber ill call him live lol 😆

    • @24theMoney
      @24theMoney Місяць тому +1

      The law to make the change has never passed. This CPA guy has no clue.

    • @smetzgerful
      @smetzgerful Місяць тому +1

      @@24theMoneythat is true. I just asked accountant about that last week and it has not passed yet. It’s still 50% not 67%.

    • @johnfoster2592
      @johnfoster2592 Місяць тому

      No. They never give back.

  • @francisbacon2401
    @francisbacon2401 Місяць тому +3

    And capital losses?

    • @allanmadan9959
      @allanmadan9959 Місяць тому

      The new inclusion rates apply to capital losses.

    • @AllanMadanCA
      @AllanMadanCA  Місяць тому

      Capital losses from Crypto-sales can be carried forward indefinitely or back to the 3 previous years. Capital losses can only be deducted from capital gains.

  • @copeybandit
    @copeybandit Місяць тому +5

    Get rid of justin now

  • @UkpeneJohn
    @UkpeneJohn Місяць тому +15

    Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

    • @nancyflores1787
      @nancyflores1787 Місяць тому

      I'm 37 and have been looking for ways to be successful, please how??

    • @UkpeneJohn
      @UkpeneJohn Місяць тому

      Sure, the investment-advisor that guides me is..

    • @UkpeneJohn
      @UkpeneJohn Місяць тому

      Elizabeth stark

    • @ghazanferfazli7335
      @ghazanferfazli7335 Місяць тому

      Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

    • @KhiidZerri
      @KhiidZerri Місяць тому

      Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

  • @johnb9587
    @johnb9587 Місяць тому +1

    What is really sad and scary at the same time is all of the sheep and entitled idiots that keep voting for TrudyandSelloutSing.

  • @piero3197
    @piero3197 Місяць тому

    I deeply regret being staying here in Canada, honestly I don’t understand why is tax so much

  • @Double_Botton
    @Double_Botton Місяць тому

    Bitcoin, Ethereum, Bitcoin cash, Bitcoin lite. Non restricted coins... They don't want you holding XRP.

  • @bashadahli1861
    @bashadahli1861 Місяць тому +7

    We need to leave to the US. Much better !!

    • @allanmadan9959
      @allanmadan9959 Місяць тому

      The US capital gains tax rate is a maximum of 20% for the highest income earners. That is a much lower rate compared to Canada.

  • @nmariam123
    @nmariam123 Місяць тому

    daylight robbery

  • @jacobgoldstein6759
    @jacobgoldstein6759 Місяць тому +2

    This is great! If you're making over 250k a year in capital gains, you should be taxed over 50%. The average salary for a Canadian is 54k a year. We have a healthcare system that is falling apart. The rich keep getting richer, and the poor keep getting poorer. Unless you're part of the top 10%, you shouldnot be complaining about this tax. We have a serious problem in Ontario in which rent-seeking is the best way to gain income through the purchase of homes. People renting homes put nothing back into the economy and burden workers with high rental prices. This will hopefully dicmscourage some of those parasitic practices.

    • @TheAthleteJC
      @TheAthleteJC Місяць тому +6

      The rich is already rich. This new tax only hinder people who want to get ahead (which is the younger people). Why is this tax for everyone and not the people with higher net worth like the top 10%?

    • @tonyfulford3175
      @tonyfulford3175 Місяць тому +5

      You clearly need to take a course in economics before you comment. You are just making yourself look foolish.

    • @hodlway
      @hodlway Місяць тому +3

      The problem with socialism is that eventually, you will run out of other people's money. -Margaret Thatcher

    • @patricklai2075
      @patricklai2075 Місяць тому +1

      I’m a incoming immigrant and is planning to buy property in Canada, are you telling me that if I choose to invest my money in Canada, which not a single dime came from taking advantage of the Canadian market (from my home country), yall get to take 50%+ of my profit after I have already paid $300k in tuition and taxes without taking any government benefits, what kind of highway robbery is that? that’s why I’m seriously looking to relocate to the US now.
      Did your forefathers came here and was only allowed to stay after paying almost half a million? Didn’t think so.