The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada
This article compares the preferential tax treatment of capital gains in Australia and in Canada, with a view to determining whether there are any lessons from the Australian experience that may be of relevance to Canada. The tax treatment of capital gains is similar in the two jurisdictions in t...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Canadian Tax Foundation
2021
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| Online Access: | http://hdl.handle.net/20.500.11937/87591 |
| _version_ | 1848764929116471296 |
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| author | Minas, John Lim, Y. Evans, C. Vaillancourt, F |
| author_facet | Minas, John Lim, Y. Evans, C. Vaillancourt, F |
| author_sort | Minas, John |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This article compares the preferential tax treatment of capital gains in Australia
and in Canada, with a view to determining whether there are any lessons from the
Australian experience that may be of relevance to Canada. The tax treatment of capital
gains is similar in the two jurisdictions in that both apply a 50 percent inclusion rate
or the equivalent. Several aspects of the taxation of capital gains in Australia might
be considered cautionary from the Canadian perspective. The Australian experience
indicates that winning support for an increase in the capital gains inclusion rate can prove difficult, as demonstrated by the unsuccessful proposal by the Australian Labor
Party, during the 2019 federal election campaign, to effectively raise the inclusion rate to
75 percent. |
| first_indexed | 2025-11-14T11:27:09Z |
| format | Journal Article |
| id | curtin-20.500.11937-87591 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:27:09Z |
| publishDate | 2021 |
| publisher | Canadian Tax Foundation |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-875912022-03-03T01:18:35Z The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada Minas, John Lim, Y. Evans, C. Vaillancourt, F This article compares the preferential tax treatment of capital gains in Australia and in Canada, with a view to determining whether there are any lessons from the Australian experience that may be of relevance to Canada. The tax treatment of capital gains is similar in the two jurisdictions in that both apply a 50 percent inclusion rate or the equivalent. Several aspects of the taxation of capital gains in Australia might be considered cautionary from the Canadian perspective. The Australian experience indicates that winning support for an increase in the capital gains inclusion rate can prove difficult, as demonstrated by the unsuccessful proposal by the Australian Labor Party, during the 2019 federal election campaign, to effectively raise the inclusion rate to 75 percent. 2021 Journal Article http://hdl.handle.net/20.500.11937/87591 https://doi.org/10.32721/ctj.2021.69.4.pf.minas Canadian Tax Foundation unknown |
| spellingShingle | Minas, John Lim, Y. Evans, C. Vaillancourt, F The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada |
| title | The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada |
| title_full | The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada |
| title_fullStr | The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada |
| title_full_unstemmed | The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada |
| title_short | The Australian Experience with Preferential Capital Gains Tax Treatment—Possible Lessons for Canada |
| title_sort | australian experience with preferential capital gains tax treatment—possible lessons for canada |
| url | http://hdl.handle.net/20.500.11937/87591 |