| SilverClayON - 1/6/2025 14:54
Every time we have ever looked at selling assets (which has been very limited) capital gains eat up huge portions of returns for years to come. So we carry on. Historically land has given Us 8-10% here in Ontario plus the dividend (rent or returns on cropping). Dont know Canadian laws, but here have a few tools in the box to either totally avoid paying capital gains, or at very least, defer them for up to thirty years after sale, having use of that cash that would have otherwise went to taxes, earn investment income for 30 years. In other words, an interest free loan of uncle Sams money for 3 decades, to use in any manner you wish. Coup has a tagline, “gotta be smarter than a weed”, mine is “gotta be smarter than the taxman”, for he is a very formidable opponent.
Edited by Boone & Crockett 1/6/2025 21:36
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Sand 85. Great post and worthy of discussion
