Canada's Capital Gains Tax Rate Jumps To 67%: 'Highly Indebted Western Governments Have Promises To Keep, Wars To Fund,' Strategist Says
Canada's Capital Gains Tax Rate Jumps To 67%: 'Highly Indebted Western Governments Have Promises To Keep, Wars To Fund,' Strategist Says
Tax Hike Amid Fiscal Strain: In an effort to address its triple-digit public debt, the Canadian government's 2024 budget has raised the inclusion tax rate on capital gains. The Canadian government has announced several new tax increases in the latest budget released this week to cope with its debt.
加拿大政府在本周发布的最新预算中宣布了几项新的增税措施，以应对其债务。
The country's capital gains tax will spike to 67% for earnings surpassing $250,000 in the year.
该国的资本利得税将飙升至67％，年收入超过25万美元。
This establishes Canada as the nation with the world's highest capital gains tax rate, surpassing Denmark's second-place rate of 42%.
这使加拿大成为世界上资本利得税率最高的国家，超过了丹麦第二名的42％的税率。
Tax Hike Amid Fiscal Strain: In an effort to address its triple-digit public debt, the Canadian government's 2024 budget has raised the inclusion tax rate on capital gains.
在财政紧张的情况下增税：为了解决其三位数的公共债务，加拿大政府的2024年预算提高了资本收益的包容税税率。
For individuals, the threshold has been moved from 50% to 67% on gains above $250,000 realized annually, effective from Jun. 25, 2024. The change also affects corporations and trusts on all capital gains.
对于个人而言，每年实现的收益超过25万美元的门槛已从50％提高到67％，自2024年6月25日起生效。这一变化还影响了公司和信托的所有资本收益。
The Global Debt Dilemma: The tax hike comes as governments globally grapple with unprecedented public debts, a consequence of heavy loose fiscal policies employed during the pandemic.
全球债务困境：增税是在全球政府努力应对前所未有的公共债务之际发生的，这是疫情期间采用的严重宽松财政政策的结果。
Canada's public debt-to-GDP ratio leaped from 87% in 2019 to 118% in 2020, with the current figure hovering at 107%.
加拿大的公共债务与国内生产总值的比率从2019年的87％跃升至2020年的118％，目前的数字徘徊在107％。
Comparatively, the United States is projected to witness its public debt rise from 122% in 2023 to an estimated 134% by 2029, as per International Monetary Fund (IMF) projections, amid a swelling budget deficit.
相比之下，根据国际货币基金组织（IMF）的预测，在预算赤字激增的情况下，预计美国的公共债务将从2023年的122％增加到2029年的估计134％。
Economist React To Canada's Tax Hikes: "The 2024 federal budget lands at a time when the economy is struggling to grow, the Bank of Canada is still leaning on inflation pressures, the loonie is under stress, and the impact of torrid population growth pervades across much of the country," said Robert Kavcic, economist at BMO Economics.
经济学家对加拿大增税的反应：BMO Economics的经济学家罗伯特·卡夫西奇说：“2024年的联邦预算是在经济难以增长的时候出台的，加拿大银行仍然依赖于通货膨胀压力，加元承受压力，人口激增的影响遍及全国大部分地区。”
With an eye on the capital gains tax increment, Kavcic questions what further measures might follow, suggesting potential unrest among capital allocators.
着眼于资本利得税的增量，卡夫契奇质疑随后可能采取哪些进一步措施，这表明资本配置者之间可能会出现动荡。
In a more critical assessment of Western governments' fiscal policies and Canada's tax rise, Michael Hartnett, chief investment strategist at Bank of America, weighed in.
美国银行首席投资策略师迈克尔·哈特奈特在对西方政府的财政政策和加拿大增税的更批判性评估中进行了权衡。
"Highly indebted Western governments have promises to keep, wars to fund," Hartnett proclaimed in his latest 'The Flow Show' report.
哈特奈特在最新的'Flow Show'报告中宣称：“负债累累的西方政府有信守承诺，战争需要资金。”
Hartnett forecasts a scenario characterized by persistent inflation, climbing yields, and heightened taxation, suggesting that this course may persist until central banks intervene to bailout the indebted public sector.
哈特奈特预测了以持续通货膨胀、收益率攀升和税收增加为特征的情况，这表明这一方针可能会持续下去，直到中央银行干预救负债累累的公共部门。
Thus far in the month, the iShares MSCI Canada Index Fund (NYSE:EWC), which tracks the performance of major Canadian corporations, has experienced a 3% decline, on pace for the worst performing month since October 2023.
本月到目前为止，追踪加拿大主要公司表现的iShares MSCI加拿大指数基金（纽约证券交易所代码：EWC）已下跌3％，有望创下2023年10月以来表现最差的月份。
Read Now: Small Group Of Hedge Funds Wields Dominance In US Treasury Market: 'A Concentration Of Vulnerability Has Built Up,' IMF Warns
立即阅读：一小部分对冲基金在美国国债市场占据主导地位：国际货币基金组织警告说，“脆弱性已经集中”
Image: Unsplash
图片：Unsplash
