My home and native land has officially gone to hell...

And in this case, I mean it literally.

Canada just passed a new budget act upping the exclusion rate for capital gains to 66.6%

“By increasing the capital gains inclusion rate, we will tackle one of the most regressive elements in Canada’s tax system,” the government said in the budget document. The current 50% inclusion rate on capital gains disproportionately benefits the wealthy, who earn relatively more income from capital gains compared to the middle class, the government said.

It's incredible they think that a "50% tax" is the wealthy getting off easy, and that they needed to fix the situation by raising it to 66.6%.

My inbox has exploded with private client work over this, and of my 8 consulting calls yesterday, 7 of them discussed this (even my American clients are looking to protect themselves if something like this comes to the US.)

Quickly, I want to say that if you are sitting on large capital gains in Canada, you should consider realizing those capital gains before June 25th, 2024; basically before this goes into effect.

And while you're at it, I would tell these Satan worshippers to go fu8k themselves and move your money offshore.

Luckily, I can help you do that:

https://ExpatMoney.com/important-letter

Speak soon,

Mikkel

PS. I want to send you a Special Report that my team and I wrote on Offshore Gold; it goes into detail on how to store, transfer, and purchase precious metals internationally. Scroll down to the bottom of this email to win this prize and some other goodies.

There is some legitimate darkness in the world right now; there is no question about that, but we are doing our best to help people with real-life solutions to regain our freedom. Help us spread the word by sharing this newsletter with your friends and family. They will thank you for it!

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