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
The Canadian government has announced several new tax increases in the latest budget released this week to cope with its debt.
加拿大政府在本週發佈的最新預算中宣佈了幾項新的增稅措施，以應對其債務。
The country's capital gains tax will spike to 67% for earnings surpassing $250,000 in the year.
該國的資本利得稅將飆升至67％，年收入超過25萬美元。
This establishes Canada as the nation with the world's highest capital gains tax rate, surpassing Denmark's second-place rate of 42%.
這使加拿大成爲世界上資本利得稅率最高的國家，超過了丹麥第二名的42％的稅率。
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.
在財政緊張的情況下增稅：爲了解決其三位數的公共債務，加拿大政府的2024年預算提高了資本收益的包容稅稅率。
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.
對於個人而言，每年實現的收益超過25萬美元的門檻已從50％提高到67％，自2024年6月25日起生效。這一變化還影響了公司和信託的所有資本收益。
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.
全球債務困境：增稅是在全球政府努力應對前所未有的公共債務之際發生的，這是疫情期間採用的嚴重寬鬆財政政策的結果。
Canada's public debt-to-GDP ratio leaped from 87% in 2019 to 118% in 2020, with the current figure hovering at 107%.
加拿大的公共債務與國內生產總值的比率從2019年的87％躍升至2020年的118％，目前的數字徘徊在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，根據國際貨幣基金組織（IMF）的預測，在預算赤字激增的情況下，預計美國的公共債務將從2023年的122％增加到2029年的估計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.
經濟學家對加拿大增稅的反應：BMO Economics的經濟學家羅伯特·卡夫西奇說：“2024年的聯邦預算是在經濟難以增長的時候出臺的，加拿大銀行仍然依賴於通貨膨脹壓力，加元承受壓力，人口激增的影響遍及全國大部分地區。”
With an eye on the capital gains tax increment, Kavcic questions what further measures might follow, suggesting potential unrest among capital allocators.
着眼於資本利得稅的增量，卡夫契奇質疑隨後可能採取哪些進一步措施，這表明資本配置者之間可能會出現動盪。
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.
美國銀行首席投資策略師邁克爾·哈特奈特在對西方政府的財政政策和加拿大增稅的更批判性評估中進行了權衡。
"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'報告中宣稱：“負債累累的西方政府有信守承諾，戰爭需要資金。”
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.
哈特奈特預測了以持續通貨膨脹、收益率攀升和稅收增加爲特徵的情況，這表明這一方針可能會持續下去，直到中央銀行干預救負債累累的公共部門。
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.
本月到目前爲止，追蹤加拿大主要公司表現的iShares MSCI加拿大指數基金（紐約證券交易所代碼：EWC）已下跌3％，有望創下2023年10月以來表現最差的月份。
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