The Impact of Capital Gains Changes in Canada | Episode 58

Mark Savel and Joey Virgilio dive into episode 58 of the Toronto Livings podcast, focusing on capital gains, how they work, and upcoming changes. They discuss the new inclusion rates for capital gains coming into effect on June 25th and provide examples to illustrate the potential tax impacts. The episode also covers recent events, including the Sage event, and features a historical time machine segment. They emphasize the importance of consulting accountants for personalized advice and highlight strategies to minimize capital gains. The episode wraps up with updates on local Toronto real estate listings and fun banter about recent culinary experiences. (00:00) Introduction and Episode Overview (02:10) F1 Race and Swag Story (03:06) Taste of Little Italy (03:41) Sage Spring Fling Recap (09:21) Vegetarian Dining Experience (11:54) Real Estate Market Insights (15:27) Historical Events on June 15th (17:40) Nostalgic Beginnings: 1986 Concert Memories (18:38) 1987 Milestones: Pay Equity Law in Ontario (19:04) 2012 Highlights: Nick Willonda's Tightrope Walk (20:22) Capital Gains Controversy: Liberal Policies (28:18) Understanding Capital Gains: A Deep Dive (38:33) Capital Losses and Tax Strategies (41:35) Conclusion and Weekend Plans Show Notes Fresh Kitchen + Juice Bar: https://www.freshkitchens.ca/en/locations/on/toronto/894-queen-street-west Writers Room Bar: https://www.hyatt.com/en-US/hotel/canada/park-hyatt-toronto/torph/dining Capital Gains Explained: https://www.socciomarandola.com/the-real-impact-of-the-new-capital-gains-tax/ Where You Can Find Us 🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/ 🖥️ Instagram Mark Savel: https://www.instagram.com/torontolivings/ Joey Virgilio: https://www.instagram.com/joey_torontolivings/ 🎙 Weekly Podcast https://podcasters.spotify.com/pod/show/toronto-real-estate