The 50% discount is applied to the income I.e. say you make a $40k capital gain ( on shares held for longer than 1 year ) it will be taxed as $20k income. You then look up the marginal tax rate for $20k ( if that was your only income) and get taxed accordingly. I think the first $20k is tax free.
The 50% discount is applied to the income I.e. say you make a...
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