Widen the Tax Base.

Widen the Tax Base.

Dont need a capital gains tax, leave personal property alone. But Income Tax Act already states that if you buy an asset with the intent of selling it for a gain that is your trading activity and therefore the gain is taxable income. Buying shares and rental/investment property is to gain both yield and asset appreciation so both should be tax. Doesnt require new law just a regulatory definition of "intent" Aim not to increase tax take but as tax from this increases then increase the amount that people can earn before they start to pay tax, increase the amount they can earn on the 10% tax bracket, then start to reduce to top tax rate. Get it down to 25% or even 20%


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