[mikemhg]

I agree with you completely 68style, we're totally on the same page here. Companies are skirting their fair contribution, it's a problem writ large, both Canada and the US.

My thought process more resolves around how the policy is actually administered, you have to think about definitions, that's all.

Based on my cursory review, it really will only affect a very small segment of extremely high earners (we're talking less than 1%), and not the mom/pop examples you're referencing that plan to sell their summer cottage they purchased 25 years ago.

Personally, I'd like to see more tax brackets added, with higher thresholds, but this is a good start.

It was never fair IMHO that someone who collects a salary is taxed disproportionally more than someone who accrues income via capital gains. That very tax law was written and lobbied by the very people who benefit from that structure.