Huh, since I've literally never been afforded the luxury of paying a capital gains tax and thanks to CBC's "like I'm a five-year-old" explanation, I realize I had some misconceptions about how it all works.
https://www.cbc.ca/news/politics/capital-gains-conservatives-1.7430447
(Video below article)
Before, when I thought it was an actual tax on investment earnings, 66% seemed fantastic. Now I'm wondering why it's not 100% and why the Liberals made the first quarter million exempt from the increase.
@zazzoo when my accountant said "it's taxed at 50%" I was understanding that "ok so I have to make sure i have 50% set aside to pay the tax man".
I guess everyone is confused.