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Capital Gains... the way to go!

The recent Federal Budget reduced the taxable portion of a capital gain to only 50% of the gain. This means of course that 50% of any gains are now tax free, and that capital gains are the most tax efficient way to invest your money. In Ontario the top marginal rates for the three different types of investment earnings for 2001 are as follows:

With capital gains taxed this favourably there are numerous financial planning opportunities such as Systematic Withdrawal Plans for those looking for income with substantially lower tax treatment than those now earning interest or even dividend income. If you would like further information as to how these changes may benefit your situation please don’t hesitate to give us a call.

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