Die Besteuerung nicht realisierter Gewinne ist eine dumme Idee, die Kanada ignorieren sollte
https://financialpost.com/personal-finance/taxing-unrealized-gains-silly-idea-canada-ignore
Die Besteuerung nicht realisierter Gewinne ist eine dumme Idee, die Kanada ignorieren sollte
https://financialpost.com/personal-finance/taxing-unrealized-gains-silly-idea-canada-ignore
30Â Kommentare
Agreed. If you hold long term, you may be up some years and down other years.
It will all balance out in the end, when the gains are realised and taxed.
Taxing unrealised gains sounds like magical thinking.
Let me write off unrealized losses during a downturn, then.
If unrealized gains are being used as collateral for a loan that replaces income should be taxed as such.
This is the current way for savvy C suite to be paid while minimizing taxes
Netherlands is doing this apparently.
one of two options needs to be implemented:
1) tax unrealized gains above a specific threshold
2) change the lax laws so people cant use stocks and such as collateral
If this is implemented. Do we get a tax write-off on unrealized loss too? I can just imagine the delay at CRA to file those. 🙂
I don’t know honestly. If you can leverage unrealized gains in order to get cold hard cash in form of loans, you probably should be taxed on that. It’s providing a real gain in a round about way.
It’s absolutely bull.
Imagine buying a house near your limit because your forced to, then through zero doings of your own, property spikes and you are on hook for money that you probably will never have.
I think you just need a wealth tax for people with a net worth of over 35-40 million.
Anything above that pay tax on unrealized gains.
I agree taxing unrealized gains is problematic, however under no circumstances should you be able to both not pay taxes on unrealized gains and use them as collateral for anything.
If they are insubstantial for taxes, they should be insubstantial for loans.
Yes this idea is completely unhinged and just serves to penalize people who aren’t wealthy enough to pad their assets into nontaxable areas, or leave the country altogether.
Besides, the taxes do get realized at some point and the government gets their cut.
While I’m all for figuring out how to better tax wealth, this idea is just plain stupid.
No objection here if you start the limit at $10M. Need to close the loopholes that hyper-rich are using.
Carney would never consider this.
I like how they frame it
Imagine you get a pay raise two years from now but you get taxed now on itÂ
How when I use stock market unrealized gains to secure a loan ?Â
That’s what the real problem, rich people abusing the taxation lawsÂ
I literally don’t a single middle class person that uses unrealized stock market gains and uses those valuations to secure huge loans that aren’t taxed.Â
This author thinks your an idiot.Â
Only people who think they’ll never own assets would support this.
If unrealized gains are used as leveraged assets, it should trigger taxes because they are becoming income.Â
This loophole should be closed.
Instead of looking to tax unicorns. How about we cut back on government spending? Cutting back so much that my money could be mine.
The author is omitting facts to keep a loophole in place for the ultra wealthy: even if the assets aren’t converted to cash they bring benefits, such as use for securing loans. Taxing the capital gains keeps the ultra wealthy from borrowing against their assets, living on the debt tax free, then bankrupting the collateral, leaving nothing left for taxes. Trump and others are using the loophole constantly which is why jurisdictions are changing the laws around capital gains tax.
It wouldn’t be surprising if this copy came straight from some oligarch’s private office.
It should be illegal to use those gains. Its not real money until it is and at that point it should be taxed. This is how rich people avoid taxes at the common mans expense.
We will absolutely follow suit. Maybe not under Carney, but under the next Liberal PM for sure.
Someone has been watching the new Dutch tax system I see. It will be implemented here per 2028.
This would have an effect of making old school dividend paying stocks more attractive. Companies that reinvest their profits allow the stockholders to decide when and how much to sell and thus realize the gains. Those that pay dividends are effectively returning some of their profits.
Dividend payments naturally inhibit increases in stock prices and force these profits into taxable form (assuming they’re not help in a tax free or tax deferred account).
The flip side is that people would need to be compensated with a tax credit for paper losses too, in order for it to be fair.
Unrealized gain is not a problem. The issue is with the loophole of borrowing against the unrealized gain.
This conversation exists because the super rich can use unrealized gains as collateral for loans to live, which they then don’t have to pay taxes on.
**THAT’S** the loophole that needs to be closed. Banks should be barred from doing that.
Anyone who actually invests knows, it’s not your money until you sell. You could have $1mil in stocks one day, and then it crashes and you have a few 100k. This would be taxing money that is not money.
If the problem is wealthy people using unrealized gains as leverage, then that’s what they should regulate. Why do they always try some new thing that effects everyone to try to fight something else that effects few? Just go after the issue!
There is a very simple solution to this. Ban using volatile equities like stocks as collateral for loans.
Can we tax the loans they take out against their unrealized gains? and then also stop letting them deduct interest rates from their loans?
If you can borrow money against it, you should be able to tax it.
If it is being used as collateral, sure tax it for what it’s worth at the time of the loan. That’s the loophole that should be closed.
People, you should learn the basics: no one uses unrealized gains as collateral!
Assets like stocks are used as collateral, the same way people use their houses as collateral to get a HELOC.