I've explained why the new CGT rules are deeply flawed and could be a wrecking ball for the economy. But now the legislation has passed, it's time to be practical. In this video I explain five completely legal ways investors can reduce the impact of the new capital gains tax.

@cjoye So all that’s going to happen now is we are going to see a surge in companies setup to hold personal investments. The insanity of it all is mind boggling.

How absolutely ridiculous that we have to go through these financial gymnastics just to get ahead. Not being able to invest in my own name for starters. 😡

It’s truly sad!

or vote them out and reinstate sanity, possibly with some capital enhancements. best advice is don't realise gains and sit tight for the next 2 years. these reforms are diabolical. adam smiths invisible hand will do the work. Albo and small boy jim won't know what hit them

@petergreeff Watch out for the next video!

Being "practical", at this stage, is the wrong action however. Please struggle and fight your rapist when there is still a chance you can break free.

We’ll keep up the fight as well 💪

How about converting PPOR to investment property & continue negative gearing ? Move back into PPOR within 5 years or sell within 5 years with $0 CGT ? Invest capisl raised via company in high dividend franking credit stocks Wait till 2028-2029 where all tax laws will be changed

Clever!

if you're a young person and start putting more into your super they will end up stealing it anyway because by the time you retire the government will be taxing super. They can't leave an enormous asset like that untouched.

Yes that’s also possible someday, they already tried with unrealised gains.

I setup my company last week and setting up accounts and things now! Will trade for a couple of years and plan for overseas.

The whole policy is beyond stupid. Incentivising low growth and static dividend paying stocks. I struggle to think of a more productivity killing policy than these CGT changes.

Leave?

Yes that would be a valid 6th option!

At what point is there a revolution?

Should VHY rather than VAS be in retirees portfolios? Michael L

Both in our portfolios.

Great clip - more please!

Thanks 🙏

All true.

This is a battle that must be won. They will come after your home & your Super. Taxes on unrealised gains & death are their dream. It's time for a radical approach. Simplify/Reduce must be the new tax mantra. Stop wasteful govt. spending. Should be no need for multiple entities.

Stop investing and enjoy life! Simple rule

Ok now what about the illegal ways?

Thanks for the video

There’s also the unconventional strategy of convincing everyone else to spend more to push up CPI.

Creative!

I will never ever invest for dividends, I am not stupid.

Wow this is so fucked up why even bother tbh they made it so fucking complicated

@cjoye Super may seem good now until u lock up your money and the govt “changes its position” and starts coming after that.

Practical advice. But needing 5 legal workarounds just to keep your own gains says a lot about Canada's tax direction. More reason for Canadian entrepreneurs to look at UAE free zones.

Borrow money against your shares, instead of selling them

Sadly option 6: leave is the one I’m going for.