Maybe you're familiar with this research: A paper published last year by Simon Fraser University economics professor Jonathan Rhys Kesselman found that 80% of Canadians did not report any taxable capital gain between 2009 and 2018. For those who reported in just one of those years, their total gains averaged $26,800, compared with average total gains of $328,000 for people who reported it every year. Are you familiar with that research?
On September 19th, 2024. See this statement in context.