Your numbers are only accurate if you have no other income so they are at the low end.ilim wrote: ↑Aug 11th, 2017 2:35 pmYou actually much closer to correct numbers than Jungle .
Even with 500K of profit you pay around 16% of tax, we have brackets based taxes ,so Jungle's rounded up 27% never will happen even in theory.
Heck even for 1 million gain you pay just north of 18%.
http://www.icalculator.info/canada/fina ... nnual.html
If you are in the top tax bracket and your marginal tax rate is 50% your capital gains tax would effectively be 25% (50% inclusion x 50% tax rate).
Ontario's top marginal tax rate is 53% so 27% is indeed possible if you are a high earner.