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nominal capital gains that are purely due to inflation seem like dubious tax targets (you didn’t earn anything, the canadian dollar was simply worth less)… pairing this with the end of the capital gains exemption for principal residences could be interesting
honestly, real capital gains should be taxed a lot higher but inflation wrecks the math (i’d wager the 50% exemption was an attempt to account for this)
i hope this looks nothing like the sr&ed tax credit